I opted for a local solicitor for our conveyancing in Diss today. After carefully reading the Ts and Cs it is apparent thatwe are liable for charges even where the conveyance does not complete. Should I go with them or choose an internet solicitor practice advertising no-sale-no-fee conveyancing in Diss?
It is usually ‘give and take’ in that if "No Completion No Fee" is advertised then the conveyancing charges will tend to be be more expensive to cover those cases that do not proceed. Do bear in mind that these offerings generally do not protect you from disbursements e.g. Diss conveyancing search costs.
I am buying a terraced house in Diss. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Diss 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 Diss.
I purchased a renovated Edwardian property in Diss. Conveyancing practitioner acted for me and Accord Mortgages Ltd. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You should assess 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 Diss and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing solicitor who completed the work.
Over the last few months I have been searching for a flat up to £195,000 and found one round the corner in Diss I like with open areas and transport links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Diss suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan the remaining unexpired lease term will likely be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
I am 3 weeks into a residential purchase having been referred to solicitors by the local agent to do our conveyancing in Diss. I am am starting to be disappointed with the quality of service. Can you you assist me in finding new solicitors?
A conveyancer would need to be really bad in order to consider replacing them. Has your loan offer been sent? If so you will need to make them aware of the new conveyancer and ensure the mortgage documents are issued to the new lawyers. Your new solicitor ideally needs to be on the lenders approved list to avoid supplemental fees and frustration. That should be your first question of the new solicitors. Our search tool will assist you in finding a bank approved solicitor for your conveyancing in Diss
Can you provide any advice for leasehold conveyancing in Diss from the point of view of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in Diss can be avoided if you get in touch lawyers as soon as you market your property and request that they start to put together the leasehold documentation needed by the buyers’ conveyancers. Some Diss leases require Licence to Assign from the landlord. If this is the case, you should place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. Any bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their lawyers. The majority of landlords or managing agents in Diss levy fees for providing management packs for a leasehold premises. You or your lawyers should enquire as to the fee that they propose to charge. The management information sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Diss. You believe that you know the number of years left on your lease but it would be wise to double-check by asking your lawyers. A buyer’s conveyancer will not be happy to advise their client to to exchange contracts if the lease term is less than 75 years. In the circumstances it is essential at an as soon as possible that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. If you have had any disputes with your freeholder or managing agents it is very important that these are resolved before the property is put on the market. The purchasers and their solicitors will be concerned about purchasing a flat where there is an ongoing dispute. You may have to bite the bullet and discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is better to present the dispute as over rather than unsettled.
Diss Conveyancing for Leasehold Flats - A selection of Questions you should ask before buying
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Best to be warned whether changing the roof or some other significant cost is anticipated to be shared by the leasehold owners and could well dramatically impact the level of the service fees or require a specific invoice. This question is useful as a) areas may cause problems in the block as the common areas may start to deteriorate if maintenance are not paid for b) if the leasehold owners have an issue with the managing agents you will want to have all the details Make sure you discover if there are any onerous restrictions in the lease. For example it is fairly common in Diss leases that pets are not permitted in certain buildings in Diss. If you like the flatin Diss yet your dog is not allowed to move with you then you will be faced difficult compromise.