I am purchasing a new build flat in Dersingham. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Dersingham you will have to appoint a solicitor on your bank'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 Dersingham.
My wife and I have a terraced Edwardian house in Dersingham. Conveyancing lawyer acted for me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Dersingham and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing solicitor who conducted the work.
How does conveyancing in Dersingham differ for new build properties?
Most buyers of new build residence in Dersingham come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is constructed. This is because developers in Dersingham typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Dersingham or who has acted in the same development.
I am a fortnight into a residential purchase having been referred to a firm by the selling agent to perform conveyancing in Dersingham. I am not happy. Could you help me find new lawyers?
A solicitor would have to be very bad to suggest changing them. Has the mortgage offer been issued? In the event that it has you must inform them of the replacement conveyancer and get the loan are issued to the new lawyers. Your new conveyancer should be on the banks panel to avoid supplemental costs and delays. So that should be your first question of the new solicitors. The find a solicitor tool should help you find a lender approved solicitor for your conveyancing in Dersingham
Having had my offer accepted I require leasehold conveyancing in Dersingham. Before I set the wheels in motion I would like to find out the remaining lease term.
If the lease is recorded at the land registry - and almost all are in Dersingham - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I own a 2 bed flat in Dersingham, conveyancing was carried out in 1998. Can you work out an approximate cost of a lease extension? Comparable flats in Dersingham with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 levied per year. The lease expires on 21st October 2085
With only 59 years left to run we estimate the premium for your lease extension to be between £20,900 and £24,200 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.
I have noted on various consumer advice websites that when choosing a conveyancing lawyer they need approved by your lender. It happens to be my first house move but I have an offer in principle via Virgin Money and I already have a family conveyancing lawyer in Dersingham lined up. Can Halifax insist on an approved lawyer to be used? Does a directory of panel conveyancers even exist so I can appoint a conveyancing lawyer in Dersingham?
You should instruct a solicitor that is on the Halifax panel. Just ring your chosen Dersingham conveyancing lawyer and ask if they are on the Halifax panel. If they are not on the panel you have numerous options open to you here:
- Complete the deal with your existing Dersingham conveyancer but Halifax will no doubt retain a conveyancing practitioner from their approved list. This will result in additional cost and probable frustration.
- Get a fresh conveyancing practitioner to act in the purchase, making sure they are on the Halifax conveyancing panel.
- Convince your conveyancing practitioner to apply to join the mortgage company panel.