I am about to exchange on the purchase of a property in Greasby but as a consequence of wreckage from the recent storms I have managed to agree recompense from the owner of £2k taking the form of a adjustment in the price. This was going to be dealt with as part of a side agreement but Yorkshire BS will not permit this. Why were they notified?
The solicitor that is on a Yorkshire BS conveyancing panel is duty bound to inform Yorkshire BS of any changes to the purchase price. If you were to refuse your conveyancing practitioner to disclose the price change to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new solicitor for your conveyancing in Greasby.
At what point will exchange of contracts occur in domestic conveyancing in Greasby and do I need to attend the lawyers branch?
Where you are local to our conveyancing solicitors in Greasby you are welcome to come in to sign the paperwork. However, the firms we work with offer countrywide coverage for conveyancing and give just as comprehensive and professional a job for you when communicating with you electronically. The signing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the firm to address the formalities when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Greasby)to be in the office available at the end of the phone to exchange contracts.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Greasby is the location of the property. Can you offer any advice?
Flying freeholds in Greasby are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Greasby you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Greasby may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Is it possible to change conveyancer as I have to retain one who is on the Leeds Building Society conveyancing panel. I was using a local conveyancing solicitor in Greasby round the corner but he is not approved by Leeds Building Society
We will our best to assist in finding you a conveyancing solicitor in Greasby on the Leeds Building Society panel. Please note that the solicitors that we work with do not pay us commission if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Greasby. In making use of search facility on this website, you can compare charges for conveyancing solicitors in Greasby and beyond.
My wife and I purchased a leasehold house in Greasby. Conveyancing and Coventry Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Greasby who previously acted has now retired. Do I pay?
First make enquiries of HMLR to be sure that this person is indeed the new freeholder. It is not necessary to incur the fees of a Greasby conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I inherited a ground floor flat in Greasby, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Greasby with over 90 years remaining are worth £190,000. The ground rent is £65 levied per year. The lease comes to an end on 21st October 2085
With only 61 years remaining on your lease the likely cost is going to span between £18,100 and £20,800 plus legals.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
Builders have recommended to me a conveyancing practitioner and I've sought an estimate from them. They are almost two hundred pounds less expensive than my preferred Greasby conveyancer. Should I use them?
Builders frequently have lists of conveyancing practitioners who are quick and who know the developer’s paperwork and lawyer. As many developers offer an incentive to use a preferred solicitor for this reason, any increased cost can be avoided and a builder will not put forward a conveyancing warehouse and run the risk of having the transaction delayed when they require an exchange within a tight time frame. A counter-argument for not agreeing to use the suggested conveyancer is that they may prove unwilling to 'push' your interests for fear of alienating the housebuilder. Where you have concerns that this may be the situation you should keep with your high street Greasby solicitor.