We note that you have a search directory identifying solicitors on the Virgin Money conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Hartfield?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Hartfield.
I am considering applying for a UBS mortgage for purchase of a newly converted (under development) in Hartfield with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for UBS ?
There is nothing to stop you using your solicitor, but UBS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
We expect to receive a OIP from UBS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do UBS recommend any Hartfield solicitors on the UBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Hartfield solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I have decided to exercise my right to buy my property in Hartfield off the council. I have a mortgage agreed with HSBC. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
Aldermore have agreed my mortgage in principle, my offer on a house in Hartfield has been accepted, what happens next?
The property agent will need to know who your solicitors are (ensure that the lawyers are on the lender’s panel). Telephone Aldermore or your financial adviser and finalise any outstanding documentation. Aldermore will instruct a valuer who will get in touch with the estate agent or owners to arrange a slot for the valuation to take place. Once carried out (assuming no problems) it takes about a fortnight to get a mortgage offer. Aldermore will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Hartfield.
I need some fast conveyancing in Hartfield as I have pressure to sign on the dotted line within one month. A mortgage is not required. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you are at free not to have searches conducted although no solicitor would advise that you don't. With lots of history conveyancing in Hartfield the following are examples of what can arise and therefore affect future mortgageability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
I have been on the look out for a flat up to £305k and identified one round the corner in Hartfield I like with open areas and railway links nearby, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Hartfield for this price, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the shortness of the lease may be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
I am hoping to sign contracts shortly on a ground floor flat in Hartfield. Conveyancing solicitors assured me that they are sending me a report tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Hartfield should include some of the following:
-
Where does the liability rest to repair and maintain the block. It is important that you know who is liable for the repair and maintenance of every part of the building Your solicitors should enable you to have an understanding of the building insurance obligations You should know whether the lease allows you to alter or improve aspects of the flat- you must be made aware as to whether any restrictions applies to all alterations or limited to structural alteration, and whether consent is mandated necessary Advice as to the provision in the lease to pay service charges - in relation to the building, and the wider rights a leaseholder enjoys Ground rent - what is payable and when you need to pay, and be on notice if this will change in the future
I purchased a leasehold flat in Hartfield, conveyancing was carried out 4 years ago. How much will my lease extension cost? Equivalent properties in Hartfield with an extended lease are worth £211,000. The ground rent is £45 yearly. The lease ends on 21st October 2092
With only 67 years remaining on your lease we estimate the premium for your lease extension to be between £10,500 and £12,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account 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.