My previous lawyer has sent a quote for £1350 for no move no fee conveyancing in Griffithstown. I am hoping to downsize from a Edwardian detached home for £125,000. This appears expensive. Is it in excess of what I should be paying for conveyancing in Griffithstown?
The costs illustration is fractionally on the steep side. If you are content to expend time scrutinising prices you might get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, you maycome to regret opting for an an untested lawyer. Don't forget to be sure the firm can act for your mortgage company. Do utilise our search tool to select a Griffithstown conveyancing company on the banks member panel which can often include conveyancing solicitors in Griffithstown.
We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to instruct a local conveyancing solicitor in Griffithstown?
Do check but the the likelihood is that appoint one of their panel lawyers if you accept the "fee-free" incentive. Call the lender and explore if they make available a cash alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor in Griffithstown.
I bought my house on 9 February and the transaction details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Griffithstown expressed confidence that it would be registered in a couple of weeks. Are transfers in Griffithstown particularly slow to register?
There is nothing unique when it comes to conveyancing in Griffithstown registration formalities. Rather than based on location, timeframes can vary subject to the party submitting the application, whether it is in order and whether the Land registry communicate with any 3rd persons or bodies. At present approximately three quarters of submission are fully addressed in less than three weeks but some can be subject to longer delays. Registration occurs once the new owner is living at the premises so post completion formalities is not usually primary concern but if it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for an expedited registration.
Due to the advice of my in-laws I had a survey completed on a house in Griffithstown prior to retaining solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies will not issue a mortgage on such a house.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to telephone us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Griffithstown. Conveyancing may be slightly more expensive based on your lender's requirements.
I am thinking of appointing a conveyancing practitioner in Griffithstown for my home move. Is it possible to review a firm’s record with the profession’s regulator?
Members of the public can review published Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The regulator sometimes recorded call for training purposes.
I am a negotiator for a long established estate agency in Griffithstown where we have experienced a few flat sales derailed as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Griffithstown conveyancing firms. Could you clarify whether the vendor of a flat can start the lease extension process for the buyer?
Provided that the seller has been the owner 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. The benefit of this is that the buyer can avoid having to sit tight for 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 sale.
Alternatively, it may be possible 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 purchaser.
Griffithstown Leasehold Conveyancing - A selection of Queries Prior to Purchasing
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Does the lease include onerous restrictions? You should be aware that where the lease has no more than eighty years it will affect the value of the property. Check with your mortgage company that they are content with residual term of the lease. A short lease means that you will probably require a lease extension sooner rather than later and you need to have some idea of how much this will be. Remember, in most cases you would be required to have been the owner of the residence for a couple of years before you are legally able to extend the lease. How much is the ground rent and service charge?