My best friend’s uncle is a solicitor. I am hopeful that I will receive preferential pricing for conveyancing, However if that does not come materialise, what level of costs would I typically be looking at for conveyancing in Andover?
You should contrast pricing. Make use of our comparison tool on this page. You will notice that amounts do vary but the service one can expect differ between property lawyers as is true with the vast majority of professional services.
The Andover conveyancing firm handling our Andover conveyancing has spotted a difference between the information in the home valuation report and what is revealed within the title deeds. My solicitor informs me that he is obliged to check that the bank is OK with this discrepancy and is still content to lend. Is my conveyancer’s stance legitimate?
Your solicitor must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am planning to acquire a property and require a conveyancing solicitor in Andover who is on the Virgin Money approved. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Virgin Money in certain locations such as Andover. We dont recommend any particular firm.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Andover I like with amenity areas and transport links in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in Andover for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage that many years will likely be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
I'm converting the mortgage on my primary home to a buy to let loan with Yorkshire Building Society and I will use the ballance of the raised equity as a down payment on further house. The neighborhood we are interested in is Andover. Will your lawyers be able to act for the two lenders and tie in the two deals?
Do use our comparison tool on this page to ensure that the conveyancers are on the appropriate lender panels. Having checked that they are your solicitor will be able to simultaneously deal with the two transactions but you should have a chat with you conveyancer and make apparent your expectations and needs.
I have just appointed agents to market my 2 bed flat in Andover. Conveyancing has not commenced, however I have just received a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the invoice as usual as all ground rent and service payments will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Leasehold Conveyancing in Andover - Examples of Queries Prior to buying
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Is there a share of the freehold? You should be aware that where the lease has less than 80 years it will have adverse implications on the marketability of the property. Check with your lender that they are happy with the length of the lease. A short lease means that you will most likely have to extend the lease sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you will be required to have been the owner of the premises for 24 months in order to be eligible to carry out a lease extension. Best to be warned if changing the roof or some other significant cost is pending to be shared by the leasehold owners and will dramatically increase the the service costs or require a one off payment.