Much to our surprise we have been told by our mortgage broker that my Easthampstead property lawyer is not on the bank Solicitor panel. What can I do to be certain if this is indeed the case?
Your first step should be to call your Easthampstead conveyancer. It is reasonable to expect your lawyer to advise you what has happened. Where they are not on the panel they may recommend you to a Easthampstead conveyancing practice that is on the conveyancing panel for your bank.
Our mortgage company has recommended a law firm on their panel based in Easthampstead but I would rather choose a conveyancing lawyer in Easthampstead local to me. Can you help?
The minority of Easthampstead conveyancing practices are on all lender’s conveyancing panel. Use our search tool to find a Easthampstead conveyancing solicitor on the on the mortgage company panel.
Me and my partner are purchasing a house in Easthampstead. I might seem paranoid but how we can trust a lawyer? On completion day we have to put money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
A relative advised me that in buying a property in Easthampstead there could be various restrictions affecting the ability to carry out external changes to the property. Is this right?
We are aware of anumerous of properties in Easthampstead which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Easthampstead should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have paid off my mortgage with Nottingham. I assume I don't need a Easthampstead property lawyer on the Nottingham panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
What does a local search inform me about the property we're purchasing in Easthampstead?
Easthampstead conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations such as Onsearch The local search is essential in every Easthampstead conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your new home. The search will reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
I am downsizing from my home. My former solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Easthampstead if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Easthampstead. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I am employed by a long established estate agency in Easthampstead where we see a number of leasehold sales put at risk as a result of short leases. I have received conflicting advice from local Easthampstead conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can initiate the lease extension process for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I purchased a leasehold flat in Easthampstead, conveyancing was carried out 3 years ago. How much will my lease extension cost? Similar properties in Easthampstead with an extended lease are worth £265,000. The ground rent is £50 levied per year. The lease expires on 21st October 2100
With just 75 years left to run we estimate the price of your lease extension to be between £8,600 and £9,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account 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.