Me and my partner are buying a house in Alston. It might be a silly question but how we can trust a lawyer? On the day of competition we will need to put money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it the case that all Alston conveyancing solicitors on the Aldermore conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Aldermore approved list of solicitors they would need to be regulated by the SRA. Some lenders do list licenced conveyancers on their panel and in such a situation the organisation would be overseen by the CLC.
I was told four weeks ago that my mortgage has been agreed to by Leeds Building Society. Is it usual for Leeds Building Society to only issue the offer once my solicitor in Alston is approved on their conveyancing panel? Leeds Building Society have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
I opted to have a survey done on a house in Alston before retaining lawyers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some lenders will not give a loan on this type of property.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you e-mail us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Alston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Alston to see if the conveyancing will be more expensive.
What is different about your site and alternative online quote calculators when it comes to conveyancing in Alston?
At this site receive a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Alston. As opposed to estate agents and many comparison sites we do not operate kick-back arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors that pays the most commission, as opposed to the best value conveyancing in Alston
As co-executor for the estate of my father I am disposing of a house in Neath but live in Alston. My solicitor (who is 260 kilometers awayhas requested that I execute a stat dec before completion. Can you recommend a conveyancing lawyer in Alston who can attest this legal document for me?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are located in Alston
I've recently bought a leasehold flat in Alston. Am I liable to pay 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 lessee 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).
Alston Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to Purchasing
It is important to be aware if redecorating or some other significant cost is anticipated to be shared between the tenants and could well dramatically impact the level of the maintenance costs or necessitate a one time invoice. Please note that where the lease has no more than eighty years it will have adverse implications on the value of the property. It is worth checking with your mortgage company that they are happy with remaining years on the lease. Leases with fewer than 80 years remaining means that you will almost definitely need a lease extension at some point and it is worth discovering what this will be. Remember, in most cases you will need to own the property for a couple of years in order to be entitled to carry out a lease extension. Are any of leasehold owners in dispute over their service charge payments?
Midway through the sale of a leasehold flat in Alston. Conveyancing is fine but we have been asked to pay a fortune by the landlord. So far we have paid £275 for a leasehold management information and then another £200 plus VAT for responses to questions supplied by the buyers property lawyer.
Neither you or your property lawyer will have any sway over the extent of the charges for this information but the average costs for the information for Alston leasehold premises is £355. For Alston conveyancing transactions it is usual for the owner to pay for these costs. The landlord or their agents are not duty bound to address such questions although many will agree to do so - albeit often at high prices disproportionate to the work involved. Unfortunately there is no statute that requires set fees for administrative tasks. Nor is there any legal time frame by which they are required to provide answers.