I am nearing an exchange on a flat in Batley and my mum and dad have sent the ten percent deposit to my solicitor. I am now informed that as the deposit has not come from me my property lawyer needs to make a notification to my lender. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
Your lawyer is duty bound to check with lender to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I have an AIP. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to appoint their panel lawyer as I would prefer to appoint a specialised conveyancing solicitor in Batley?
You should check but the chances are that allocate you one of their panel conveyancers if you want the "fee-free" deal. Contact the lender to check if they make available a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor in Batley.
I used Wolstenholmes several years past for my conveyancing in Batley. I now require my file however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 Batley 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.
I have been advised by two or three local selling agents in Batley to locate a property lawyer on your site. What’s the financial inducement for Estate Agents to recommend your site over and above another?
We don’t make any referral fee for pointing buyers and sellers to this site. We found it would be just too difficult a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great figure which is making it more attractive. I have subsequently been informed that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Batley. Conveyancing lawyers have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Batley ?
The majority of houses in Batley are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. We note that you are buying in Batley so you should seriously consider shopping around for a Batley conveyancing practitioner and be sure that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’sconsent to carry out alterations. You may also be required to pay a service charge towards the maintenance of the communal areas where the house is part of an estate. Your solicitor will appraise you on the various issues.
I own a 1st floor flat in Batley, conveyancing was carried out November 2001. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Batley with over 90 years remaining are worth £216,000. The ground rent is £50 yearly. The lease expires on 21st October 2093
With only 68 years remaining on your lease we estimate the price of your lease extension to be between £9,500 and £11,000 as well as legals.
The figure 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 due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.
I am thinking of using an online solicitor rather than a Batley conveyancing practice. Any advice?
Numerous benefits exist in being able to pop in to a local Batley conveyancing solicitor for instance
- signing documents same day
- having face-to-face explanations of issues that need explaining
- the ability to complain if things are not going as expected
When analysing fees, look carefully for hidden extras. The majority decent Batley high street solicitors give an all-inclusive price. Often online agents seem to offer cheap fees, yet have burried 'extras' in the small print.