Just been in touch with my conveyancing solicitor in Moss Nook who acted for me 18 months ago and wanted a conveyancing costs illustration based on an identical type of home move (a leasehold property and a freehold premises) of almost identical values with a loan from Barclays Direct. It looks as though am now being quoted double. Am I right to be tempted to shop around for an alternative firm of conveyancing solicitor?
The estimate does seem a little overpriced. If you you were to look around you may be able to shave off some of the cost by as much as £125. On the other hand, assuming were pleased with the service the firm gave you mightcome to regret choosing an a cheaper conveyancer. Don't forget to check that the conveyancer can also act for Barclays Direct. Do employ our search tool to locate a Moss Nook conveyancing firm on the Barclays Direct approved list of lawyers, which can often include conveyancing solicitors in Moss Nook.
We have rather assertive sellers who has suggested a preliminary agreement with a deposit 6,000. Are such agreements sensible?
Lock out agreements are contracts between a property owner and prospective acquirer granting the buyer a ‘clear field’ to purchase the property for a set period of time. Essentially, an exclusivity is a document stating that you will have a contract at a later date being the main conveyancing contract. It is generally utilised for buyer protection though in some cases, the seller may stand to benefit from such agreements as well. There are various pros and cons to using an agreement but you need to check with your conveyancer but note that it may end up costing you extra in conveyancing fees. In light of this these contracts are rare in relation to conveyancing in Moss Nook.
I used Stirling Law a few years past for my conveyancing in Moss Nook. Now, I need my files however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Moss Nook of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing my first flat in Moss Nook benefiting from help to buy. The sellers refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not reveal to my conveyancer about this extras as it will put at risk my loan with Coventry Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I'm remortgaging my current home to a buy to let mortgage with Halifax and I will use the rest of the raised equity towards another property. The area we are looking at is Moss Nook. Will your conveyancers be able to act for both sets of lenders and link together the two deals?
Do use our search tool on this page to check that the solicitors are approved by both banks. Having checked that they are your solicitor should be able to tie up the two conveyancing matters but you should have a chat with you lawyer and make clear your desired outcome and requirements.
Due to exchange soon on a basement flat in Moss Nook. Conveyancing solicitors assured me that they report fully on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Moss Nook should include some of the following:
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You should have a good understanding of the building insurance requirements Where does the liability rest to repair and maintain the main walls and foundations. It is important for you to know who is liable for the repair and maintenance of every part of the building Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Rent payments - what is due and when you need to pay, and be on notice if this is subject to change Responsibility for repairing the window frames
I own a 1 bedroom flat in Moss Nook, conveyancing having been completed August 2000. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Moss Nook with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease ceases on 21st October 2077
With 53 years unexpired we estimate the premium for your lease extension to be between £27,600 and £31,800 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.