My best friend’s mother is a solicitor. I am hopeful that I will receive preferential fee for conveyancing, but if not, what kind of costs would I typically be looking at for conveyancing in Broadstairs?
You should contrast pricing. Do use our search tool on this site. Whilst estimates will be different but service levels do differ between conveyancers as is the case with most professions.
My wife and I intend to remortgage our penthouse in Broadstairs with Aldermore. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have a couple of concerns (1) Is this document specific to the Aldermore conveyancing panel as he never had to sign this form when we remortgaged 5 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?
First, rest assured that your Aldermore conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Aldermore. This is solely used to protect Aldermore if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Aldermore had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am buying a garden flat in Broadstairs. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Broadstairs you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Broadstairs.
Forgive me if this question is silly but I am new to the home buying as a 1st time buyer of a garden flat in Broadstairs. Do I pick up the keys to the house on the completion date from my lawyer? If so, I will appoint a High Street conveyancing solicitor in Broadstairs?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the vendor’s lawyers, and shortly after the monies have arrived, you should be able to receive the keys from the property Agents and start moving into the property. This tends to happen early afternoon.
Is it the case that all Broadstairs solicitor firms on the TSB conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the TSB approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Many mortgage companies do permit licenced conveyancers on their panel in which case such practice would be regulated by the CLC.
My husband and I have arranged a further advance on our home loan from UBS as we intend to carry out improvements to our house in Broadstairs. Are we obliged to appoint a nearby Broadstairs solicitor on the UBS conveyancing panel to handle the legals?
UBS would not normally instruct a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the UBS list.
I have recentlydiscovered that Wolstenholmes have closed. They conducted my conveyancing in Broadstairs for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The quickest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Broadstairs conveyancing specialists.
What are your top tips when it comes to choosing a Broadstairs conveyancing firm to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Broadstairs conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with two or three firms including non Broadstairs conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be helpful:
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What volume of lease extensions has the firm conducted in Broadstairs in the last year? If they are not ALEP accredited then why not?
I invested in buying a basement flat in Broadstairs, conveyancing having been completed 4 years ago. 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 flats in Broadstairs with an extended lease are worth £260,000. The ground rent is £45 per annum. The lease runs out on 21st October 2095
With just 74 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.