My wife and I are buying a newly built flat in Alton and my lawyer is telling me that she is duty bound to the lender to disclose incentives from the developer. The Estate Agents are hassling me to exchange and my preference is not to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can your site be used to find a Conveyancing solicitor in Alton even if I’m not buying or selling a house, for example where I intend to buy a shop in Alton with a loan from Godiva Mortgages Ltd?
The service is predominantly utilised to locate residential conveyancing solicitors in Alton but we have set out towards the bottom of this page a selection of Alton commercial conveyancing firms. You will need to make contact with the company directly to check if they can also act for Godiva Mortgages Ltd
I just bought a house at auction in Alton. Conveyancing is needed. What happens now?
Given that you have now legally bound yourself to purchase you now have to instruct a conveyancing practitioner soon as you will have a fast approaching a fixed date to complete the deal. An auction property should have a corresponding auction pack. This should include the copy title deeds, local authority and drainage searches. In the case of leasehold premises the conveyancing papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You need to hand this to the conveyancer instructed by you as soon as possible. Do make sure that your finances are organised to complete the transaction on the set completion date.
I am due to move home in October. Does my conveyancing solicitor update the removal company on the day of completion. As an aside, can you suggest a removal company in Alton. Conveyancing solicitor was chosen before I stumbled across your site.
On the day of completion you will need to pick up the keys from your estate agent however this should only take place after the vendors solicitors confirm to the agent that the monies to complete are in and the keys can be released. After that you can advise the removal company that they can start moving you in. We are not in a position to recommend a specific removal organisation but can assist you in locating a residential property solicitor in Alton or a firm that specialises in conveyancing in Alton.
I am currently in the process of buying my council flat in Alton. I have a mortgage offer with Lloyds. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Lloyds, you will need to appoint a solicitor on the Lloyds conveyancing panel.
I was advised by a few estate agents in Alton to get a quote from a property lawyer on your site. Is there a financial inducement for Estate Agents to recommend your site ahead of alternative conveyancing organisations?
We don’t offer any referral fee for sending work to this site. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
I need to instruct a conveyancing solicitor in Alton for my house move. Can I review a firm’s record with the profession’s regulator?
One can find documented Solicitor Regulator Association (SRA) determinations stemming from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training reasons.
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a great price which is making it more attractive. I have subsequently discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Alton. Conveyancing lawyers have not yet been appointed. Will they explain the issues?
The majority of houses in Alton are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Alton in which case you should be looking for a Alton conveyancing practitioner and check that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’sconsent to carry out alterations. It may be necessary to pay a service charge towards the maintenance of the estate where the house is part of an estate. Your conveyancer should report to you on the legal implications.
I acquired a 1 bedroom flat in Alton, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Alton with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease ends on 21st October 2083
With 59 years remaining on your lease we estimate the premium for your lease extension to range between £20,900 and £24,200 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.