Should conveyancers ask for an advanced payment for conveyancing in Frant?
Where you are retaining lawyers for conveyancing in Frant your solicitor will ask you to provide them with monies to cover the the cost of the conveyancing searches. Ordinarily this is called for to cover the fees of the conveyancing searches. If any down payment is as part of the total price then this will be required immediately before contracts are exchanged. Any further balance that is due should be transferred shortly before completion.
I used Wolstenholmes a few years ago for my conveyancing in Frant. I now require my file but cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Frant of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Frant differ for new build properties?
Most buyers of new build or newly converted property in Frant approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Frant usually acquire the real estate, 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 property lawyers 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 used to new build conveyancing in Frant or who has acted in the same development.
I am looking into buying my first house which is in Frant and I am already nervous. I couldn't find anything specific about Frant. Conveyancing will be needed in due course but do you know about the Frant area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Frant. In the meantime here are some basic statistics that we found
What are your top tips when it comes to finding a Frant conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a solicitor for lease extension works (regardless if they are a Frant conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with two or three firms including non Frant conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
-
How many lease extensions has the firm completed in Frant in the last year? What are the charges for lease extension conveyancing?
I inherited a 1 bedroom flat in Frant, conveyancing was carried out February 2001. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Frant with over 90 years remaining are worth £175,000. The average or mid-range amount of ground rent is £65 levied per year. The lease finishes on 21st October 2079
With 58 years left to run the likely cost is going to be between £23,800 and £27,400 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 the actual costs without more 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 considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
Our solicitor in Frant has discovered a a legal deficiency with the lease for the property we are buying in Frant. The seller’s lawyers have offered defective title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor says that as he is on the lender conveyancing panel he must check that the lender is happy with this solution. Are we the client or is the mortgage company?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. A precondition to being on the lender approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.