I am considering applying for a TSB mortgage for purchase of a new build (under development) in Alresford with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for TSB ?
In theory, you could use a solicitor that is not on the TSB conveyancing panel, but TSB would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I used Stirling Law a few years ago for my conveyancing in Alresford. Now, I need my files but the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate 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 Alresford of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Alresford differ for new build properties?
Most buyers of new build residence in Alresford come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because developers in Alresford usually acquire the site, 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 property lawyers 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 accustomed to new build conveyancing in Alresford or who has acted in the same development.
How simple is it to transfer to a new solicitor as I have to instruct one who is on the Bank of Ireland conveyancing list. I instructed a high street conveyancing solicitor in Alresford round the corner but the firm is not approved by Bank of Ireland
It would be our pleasure to assist you select a conveyancing solicitor in Alresford on the Bank of Ireland panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Alresford. In making use of the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Alresford.
I've recently bought a leasehold house in Alresford. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a 2 bed flat in Alresford, conveyancing formalities finalised November 1995. How much will my lease extension cost? Comparable properties in Alresford with a long lease are worth £186,000. The ground rent is £55 per annum. The lease terminates on 21st October 2077
With 53 years remaining on your lease the likely cost is going to span between £27,600 and £31,800 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.
Been on the hunt for a conveyancing practitioner for freehold sale conveyancing in Alresford. I'm selling, simple no mortgage to discharge, no hurry, currently vacant. Got a quote from a solicitor for £1000 including VAT which is a little high given that its so straightforward. Can I pay less for conveyancing in Alresford?
As it’s a sale only, £425 + VAT should be about the lowest for a Alresford solicitor firm.