We went with a high street firm for our conveyancing in Cotswolds recently. After carefully reading the terms of engagement I notewe are liable for costs even if the sale aborts. Should I go with them or instruct an on-line solicitor practice who offer no move no charge conveyancing in Cotswolds?
It is usually a trade off in that if "No Sale No Fee" is advertised then the fee levels will tend to be be more expensive to offset those conveyances that do not proceed. You should be mindful that such schemes rarely protect you from outlay such as Cotswolds conveyancing search expenses.
We're in Cotswolds, First time buyers purchasing with a mortgage (lender is HSBC , and our lawyer is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I have been told that property searches are the number one cause of delay in Cotswolds conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Cotswolds.
Due to the guidance of my in-laws I had a survey completed on a house in Cotswolds ahead of retaining lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies may refuse to issue a loan on a flying freehold home.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you e-mail us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Cotswolds. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cotswolds to see if the conveyancing will be more expensive.
I need to instruct a conveyancing solicitor for leasehold conveyancing in Cotswolds. I've stumble across a web site which appears to be the perfect solution If it is possible to get all formalities completed via phone that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I would like to let out my leasehold apartment in Cotswolds. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
Notwithstanding that your last Cotswolds conveyancing solicitor is not around you can review your lease to check if you are permitted to let out the property. The accepted inference is that if the deeds are non-specific, subletting is permitted. There may be a precondition that you need to seek permission from your landlord or some other party in advance of subletting. The net result is you not allowed to sublet in the absence of first obtaining permission. Such consent must not not be unreasonably turned down. If the lease prohibits you from subletting the property you will need to ask your landlord for their consent.
Cotswolds Conveyancing for Leasehold Flats - Examples of Questions you should ask before Purchasing
Are any of leasehold owners in arrears of their service charge liability? It is important to be aware whether redecorating or some other major work is due shortly that will be shared amongst the leaseholders and may well dramatically impact the level of the maintenance costs or require a one off payment. You should want to discover as much as you can about the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to day to day matters such as the tidiness of the communal areas. Enquire of prospective neighbours what they think of them. Finally, investigate as to the dates that you are obliged pay the service charge to the relevant party and specifically what it includes.