My fiance’s sister is a conveyancing practitioner. I suspect that I can be offered preferential rates for conveyancing, However if that does not come materialise, what level of fees would I typically be looking at for conveyancing in Belvedere?
Do contrast pricing. Do use our search tool on this site. Whilst amounts may contrast greatly but service levels do are distinct between conveyancers as is the case with most professions.
My husband and I are approaching an exchange on a house in Belvedere and my mum and dad have transferred the exchange deposit to my conveyancer. I am now informed that as the deposit has been sent from someone other than me my solicitor needs to make a notification to my bank. Apparently, 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 about my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your lawyer is legally required to clarify with lender to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your lender if you agree, failing which, your lawyer must cease to continue acting.
I purchased a freehold premises in Belvedere yet charged rent, why is this and what is this?
It’s unusual for properties in Belvedere and has limited impact for conveyancing in Belvedere but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I am about to put an offer on a leasehold property in Belvedere. The estate agents tell me that it is the norm for flats in Belvedere to have less than 75 years unexpired on the lease. I am obtaining a mortgage with Bank of Ireland. Will the property be mortgageable given that the lease has Seventy One years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 13/7/2024 the requirements read as follows :
About to purchase a new build apartment in Belvedere. 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 conveyancing.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Belvedere
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Taking into account that I am about to spend hundreds of thousands of pounds on a house in Belvedere I wish to talk to a solicitor regarding theconveyancing in advance of appointing the firm. Can this be arranged?
This is something that we recommend - we would be pleased to talk to you we do not take any clients on without you liaising with the solicitor who will be doing your conveyancing in Belvedere.There is no ‘factory style conveyancing’ - every client is an important individual, not a file reference. The law firms that we put you in touch with believe that the figure you are quoted for residential conveyancing in Belvedere should be the amount on the final invoice that you end up paying.