We were about to instruct a conveyancing solicitor in Desford listed using your search tool but stumbled across some other estimates on the internet seem less pricey – why is this?
There are hundreds of conveyancers advertising theoretically looks to be very low prices. We would encourage you to think long and hard about how important this transaction is to you that want to take 'cheap' risks over the quality of the legal work. Some hide fees deep into the terms of engagement. The solicitors that we put forward for conveyancing in Desford will notbehave this way.
Why is leasehold purchase conveyancing in Desford is more expensive?
Desford leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
We're in Desford, FTBs buying with a mortgage (lender is Skipton , and our solicitor is on the Skipton conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Skipton 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.
We are close to exchanging contracts on the sale of our house in Desford and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any high street Desford lawyer would know this is not the case. It does beg the question why the purchasers used a web based conveyancing outfit as opposed to a conveyancing solicitor in Desford. We have lived in Desford for three years we know of no issue. Is it a good idea to get in touch with our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I am buying a new build house in Desford with a loan from Virgin Money. The developers refused to budge the price so I negotiated £7000 of additionals instead. The house builders rep told me not to tell my solicitor about this side-deal as it may adversely affect my loan with Virgin Money. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a flat up to £195,000 and found one round the corner in Desford I like with a park and railway links in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Desford in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan that many years will likely be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.