Just contacted my conveyancing solicitor in Frant who completed the legal work two years ago requesting a conveyancing quote based on the same type of house sale & purchase (a leasehold residence and a freehold premises) of almost identical values with a loan from Halifax. I am now being quoted twice the amount. Should I hunt for a cheaper online firm of conveyancing solicitor?
The charges seem a little high. If you you were to look around you could reduce the fees slightly by say £100 plus VAT. That being said, providing that you were satisfied with the legal work the firm gave you maycome to regret opting for an an untested lawyer. If is important to ensure that the firm can also act for Halifax. You can utilise our search tool to locate a Frant conveyancing firm on the Halifax conveyancing panel, which can often include conveyancing solicitors in Frant.
Me and my partner are about to complete on the purchase of a property in Frant but as a result of damage from the recent storms I have managed to agree reparation from the current proprietors of £2k by way of a adjustment in the price. This was going to be dealt with as part of amending the contract however HSBC will not permit this. Should they have been involved?
Your conveyancer being on a HSBC approved list is duty bound to disclose to HSBC of any changes to the sale price. If you prohibit your conveyancing practitioner to disclose the price change to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new property lawyer for your conveyancing in Frant.
The Frant conveyancing solicitors that just started acting on my purchase in Frant have without warning closed. I chose them because I needed a lawyer on the Nottingham conveyancing panel and my previous Frant lawyer was not. I gave my credit card details for them to take £195 for searches. What do I do now?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Nottingham conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Frant. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Frant
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Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared.
My husband and I are a couple of weeks into a leasehold purchase having been recommend to solicitors by the local agent to handle our conveyancing in Frant. I am am very dissatisfied with the level of service. Can you you assist me in finding new solicitors?
A solicitor would have to be very poor to suggest replacing them. Has your loan offer been sent? If so you must make them aware of the new contact details and ensure the loan are re-sent. Your new conveyancer should be on the banks panel to avoid supplemental charges and frustration. That should be your first question of the new conveyancers. The search tool will help you find a lender approved conveyancer for your home move in Frant
Can you provide any advice for leasehold conveyancing in Frant with the aim of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Frant can be reduced where you appoint lawyers as soon as you market your property and ask them to collate the leasehold information needed by the purchasers’ conveyancers. If there is a history of any disputes with your freeholder or managing agents it is very important that these are settled before the property is put on the market. The purchasers and their solicitors will be concerned about purchasing a property where there is a current dispute. You may need to swallow your pride and discharge any arrears of service charge or resolve 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 are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to reveal the dispute as over rather than unresolved. Some Frant 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 obtain bank and professional references. Any bank reference will need to confirm that the buyers are 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 solicitors. If you are supposed to have a share in the freehold, you should ensure that you hold the original share document. Obtaining a duplicate share certificate can be a time consuming process and delays many a Frant conveyancing deal. If a duplicate share certificate is needed, do contact the company director and secretary or managing agents (if relevant) for this at the earliest opportunity. The majority of landlords or managing agents in Frant levy fees for providing management packs for a leasehold home. You or your lawyers should discover the actual amount of the charges. The management pack can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Frant.
I own a garden flat in Frant, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Frant with an extended lease are worth £179,000. The ground rent is £65 levied per year. The lease finishes on 21st October 2082
With 57 years remaining on your lease the likely cost is going to be between £26,600 and £30,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.