My wife and I have recently appointed a conveyancing solicitor in Corfe Mullen. I need to find out if they are on the Bank of Scotland conveyancing panel. Could you help?
The first thing you should do is call your lawyer and enquire if they are on the lender panel. Alternatively you should call Bank of Scotland who may be able to confirm.
It has been 2 months since my purchase conveyancing in Corfe Mullen completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm refinancing my current home to a BTL mortgage with Nationwide Building Society and intend to use the remaining equity as a down payment on further property. The neighborhood we are interested in is Corfe Mullen. Will your lawyers be able to act for the two banks and tie in the conveyances?
Make use of our comparison tool on this site to check that the solicitors are approved by both mortgage companies. Assuming that they are your lawyer should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you lawyer and make apparent your desired outcome and needs.
In scouring the world wide web for the phrase conveyancing in Corfe Mullen it brings up numerous property lawyersin the vicinity. With so much choice what is the best way to find the right property lawyer for my move?
The preferential way of finding the right conveyancer is via trusted referral, so enquire of friends and those you trust who have bought a property in Corfe Mullen or the reputable estate agent or financial adviser. Charges for conveyancing in Corfe Mullen differ, so it's sensible to request at least three fee estimates from varying types of conveyancers. Dont forget to clarify what costs in the quote includes.
I am employed by a long established estate agent office in Corfe Mullen where we have witnessed a few flat sales derailed due to short leases. I have been given inconsistent advice from local Corfe Mullen conveyancing solicitors. Could you clarify whether the owner of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I purchased a 2 bed flat in Corfe Mullen, conveyancing was carried out in 2007. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Corfe Mullen with over 90 years remaining are worth £181,000. The ground rent is £55 invoiced every year. The lease terminates on 21st October 2076
With just 50 years left to run the likely cost is going to range between £32,300 and £37,400 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.