We were about to retain a conveyancing solicitor in Greystones endorsed using your search tool but stumbled across some other fee calculations on the internet look less expensive – how come?
You can find numerous websites promoting supposedly cheap conveyancing, unfortunately it’s common in such cases for supplementalcharges result in the final invoice markedly uplifted. Solicitors are duty bound to ensure charges contained in terms of business should be fair and reasonable invoiced The law firms that we put forward for conveyancing in Greystones specify all costs for the property you intend topurchase.
Our conveyancer has discovered a a legal deficiency with the lease for the apartment we are buying in Greystones. The seller’s lawyers have put forward defective title insurance as a workaround. We are happy with insurance and will cover the costs. Our conveyancer says that he must ensure that the bank is willing to move forward with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
How does conveyancing in Greystones differ for new build properties?
Most buyers of new build or newly converted property in Greystones come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is constructed. This is because house builders in Greystones typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Greystones or who has acted in the same development.
I am looking into buying my first house which is in Greystones and I am already nervous. I couldn't find anything specific about Greystones. Conveyancing will be needed in due course but do you know about the Greystones area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Greystones. In the meantime here are some basic statistics that we found
In my capacity as executor for the estate of my aunt I am selling a residence in Cardiff but live in Greystones. My solicitor (approximately 250 miles from mehas requested that I sign a stat dec ahead of completion. Can you recommend a conveyancing solicitor in Greystones who can attest this legal document for me?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are Greystones based
I am tempted by the attractive purchase price for a couple of flats in Greystones which have approximately fifty years left on the leases. should I be concerned?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease shortens the marketability of the lease reduces and it becomes more costly to acquire a lease extension. For this reason it is often a good idea to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this field.
Greystones Conveyancing for Leasehold Flats - Sample of Questions you should consider before buying
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Who is in charge of the building? Are any of leasehold owners in dispute over their service charge liability? Does this lease have more than 80 years unexpired?