Recently been in touch with my conveyancing lawyer in Cirencester who conducted the legals 18 months ago asking for a conveyancing estimate based on the same type of house move (a leasehold residence and a freehold premises) of almost identical values with a mortgage from Barclays Direct. I am now being quoted twice the amount. Should I look for an alternative conveyancer?
The estimate does seem a tad steep. If you you were to look around you could trim some of the expense by say £125. On the other hand, if you were satisfied with the assistance the firm provided you mightcome to regret choosing an an unknown conveyancer. If is important to be sure that the firm can represent Barclays Direct. You can utilise our search tool to select a Cirencester conveyancing firm on the Barclays Direct approved list of lawyers, which can often include conveyancing solicitors in Cirencester.
The property market in Cirencester is hotting up. What can be done to quicken up the conveyancing process?
Where the seller is applying pressure for your conveyancing it is highly recommended that your conveyancer is familiar with the area as they will make use of local relationships and know-how. It is possible that they may have handled otherhouses in the same road. Therefore consider using a Cirencester conveyancing solicitor. Second, be sure that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that nearly one in five of Cirencester conveyancing transactions are delayed or jeopardised after finding out that a buyer’s solicitor was not on their mortgage lender’s panel. This can often result in the transaction being delayed by as much as 21 days. It is believed that this issue affects approximately one hundred thousand home moves annually. Most Cirencester conveyancing practices can not represent certain banks so do check at the outset.
My relative suggested that if I am purchasing in Cirencester I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Cirencester conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Cirencester around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information about Cirencester.
I am buying a new build apartment in Cirencester. Conveyancing is daunting 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.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Cirencester
-
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I opted to have a survey done on a house in Cirencester prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some lenders tend not issue a loan on such a house.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Cirencester. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cirencester to see if the conveyancing costs will increase in light of this.
I'm refinancing my primary property to a buy to let loan with Barnsley Building Society and intend to use the remaining equity as a deposit on further house. The neighborhood we are looking at is Cirencester. Will your lawyers be able to act for the two mortgage companies and link together the two deals?
Do use our comparison tool on this site to ensure that the solicitors are on the relevant lender panels. On the basis that they are your conveyancer should be able to connect the two transactions but you should have a chat with you solicitor and make clear your desired outcome and needs.