Much to our surprise we have been informed by our mortgage broker that my Bitterne the law firm I have appointed is not on the mortgage company Solicitor panel. How can I check?
The best course of action for you to take is to contact your Bitterne lawyer directly. It is reasonable to expect your lawyer to notify you of the situation. Where they are not on the panel they may recommend you to a Bitterne conveyancing practice that is on the approved list of lawyers for your bank.
Can the conveyancing lawyers listed on your site carry out auction conveyancing in Bitterne?
There are a number of niche practitioners we can put you in touch with those specialising in auction conveyancing. Bitterne is one of hundreds of locations where our lawyers are based.
Why do I have to pay up front when it comes to conveyancing in Bitterne?
Where you are retaining lawyers for conveyancing in Bitterne your solicitor will request that you to provide them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. When the down payment is as part of the purchase price then this should be required immediately prior to exchange of contracts. The final balance that is due will be payable shortly before completion.
Do the Building Society Association intend to launch a search tool with a view to to identify solicitors on the Melton Mowbray Building Society conveyancing panel for instance in Bitterne?
We are not aware of any plans on the part of the BSA to promote such a search facility.
Over the last few months I have been searching for a flat up to £245,000 and found one round the corner in Bitterne I like with amenity areas and transport links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Bitterne for this price, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage that many years will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
We expect to complete the disposal of our £225,000 flat in Bitterne next Wednesday. The managing agents has quoted £420 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Bitterne?
Bitterne conveyancing on leasehold flats normally requires the buyer’s conveyancer sending questions for the landlord to answer. Although the landlord is under no legal obligation to answer these enquiries the majority will be willing to assist. They are entitled to invoice a reasonable administration fee for answering questions or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is £350, in some transactions it is in excess of £800. The administration charge required by the landlord must be sent together with a synopsis of entitlements and obligations in relation to administration fees, without which the invoice is not strictly payable. In reality one has little option but to pay whatever is demanded if you want to complete the sale of your home.
Bitterne Leasehold Conveyancing - A selection of Queries Prior to Purchasing
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It is important to be aware whether changing the roof or some other significant cost is due shortly that will be shared by the tenants and may well dramatically increase the the maintenance charges or necessitate a one off payment. Are any of leasehold owners in arrears of their service charge liability? You should want to discover as much as possible concerning the managing agents as they will either make living at the property much easier or a lot more difficult. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to day to day matters such as the tidiness of the communal areas. Enquire of other people if they are happy with their management. Finally, find out the dates that you are obliged pay the maintenance charge to the managing agents and specifically what it includes.