Recently contacted my conveyancing lawyer in Arthog who conducted the legals two years ago and wanted a conveyancing costs illustration based on the same type of home move (a leasehold residence and a freehold property) of similar values with a mortgage from Godiva Mortgages Ltd. I am now being charged twice the amount. Should I look for a cheaper online property lawyer?
The costs illustration is fractionally on the steep side. Where you are happy to invest time comparing prices you might trim some of the expense by say £100 plus VAT. On the other hand, if you were pleased with the assistance the firm offered you mightcome to rue choosing an an unknown lawyer. Don't forget to check the firm can represent Godiva Mortgages Ltd. You can employ our search tool to find a Arthog conveyancing firm on the Godiva Mortgages Ltd member panel, which can often include conveyancing solicitors in Arthog.
We are getting closer to an exchange on a property in Arthog and my mum and dad have sent the 10% deposit to my lawyer. I am now advised that as the deposit has not come from me my conveyancer needs to make a notification to my lender. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I disclosed to the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your property lawyer is obliged to clarify with lender to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
About to purchase a new build apartment in Arthog. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Arthog
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I am looking for a leasehold apartment up to £245,000 and found one round the corner in Arthog I like with a park and station in the vicinity, however it's only got 52 years on the lease. There is not much else in Arthog for this price, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the shortness of the lease will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
I need to retain a conveyancing solicitor for remortgage conveyancing in Arthog. I have stumble across a web site which looks to be the perfect solution If there is a chance to get all formalities completed via email that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I own a leasehold house in Arthog. Conveyancing and Barclays Direct mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in Arthog who acted for me is not around. Any advice?
First contact the Land Registry to be sure that the individual claiming to own the freehold is indeed the new freeholder. There is no need to instruct a Arthog conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Leasehold Conveyancing in Arthog - Examples of Questions you should consider Prior to buying
This question is important as a) areas may cause problems for the building as the communal areas may start to deteriorate if maintenance are not paid for b) if the tenants have an issue with the managing agents you will wish to have all the details Generally speaking the cost for major works are not built into the maintenance charges, although a few managing agents in Arthog obliged leaseholders to contribute towards a sinking fund and this is used to offset against larger works. Is there a share of the freehold?