Unfortunately I am unable to travel far from Hartford. I would like to know the reason why all Hartford lawyers are not on all bank panels?
As unjust as it may seem for mortgage companies to restrict who can represent them, from the public’s or conveyancer’s perspective, the flip side is that lending institutions are increasingly anxious and regard it imperative to shield themselves from illegal activities. As a consequence of this concern banks have consolidated their panel of approved conveyancing lawyers to a manageable size.
Will our lawyer be making enquiries concerning flooding as part of the conveyancing in Hartford.
Flooding is a growing risk for lawyers specialising in conveyancing in Hartford. Plenty of people will acquire a house in Hartford, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the premises. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, but there are a various checks that may be undertaken by the buyer or on a buyer’s behalf which will figure out the risks in Hartford. The standard completed inquiry forms sent to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a usual inquiry of the vendor to discover if the premises has ever been flooded. In the event that flooding has previously occurred and is not revealed by the owner, then a buyer could commence a legal claim for losses resulting from an inaccurate response. The purchaser’s lawyers may also carry out an environmental search. This will higlight if there is a recorded flood risk. If so, additional inquiries should be made.
Due to the input of my in-laws I had a survey completed on a house in Hartford prior to appointing solicitors. I have been told that there is a flying freehold element to the house. Our surveyor advised that some mortgage companies will refuse to grant a mortgage on such a property.
It depends who your proposed lender is. Santander has different instructions from Halifax. If you contact us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hartford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hartford to see if the conveyancing costs will increase in light of this.
I have been pointed in your direction by two or three local property agents in Hartford to choose a property lawyer on your site. Is there a financial incentive for Estate Agents to recommend your site rather than alternative conveyancing organisations?
We don’t offer any commission for sending work to this site. We found it would be just too difficult to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I am in need of some leasehold conveyancing in Hartford. Before I set the wheels in motion I would like to find out the remaining lease term.
Assuming the lease is registered - and most are in Hartford - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a leasehold flat in Hartford, conveyancing having been completed in 2010. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Hartford with over 90 years remaining are worth £197,000. The ground rent is £55 levied per year. The lease ends on 21st October 2081
With only 55 years left to run we estimate the premium for your lease extension to span between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
My partner is purchasing a studio flat in Hartford. He was given a quote by the lawyer suggested by the estate agents and it came to £1300 . It was fifteen years ago since I sold and purchased a property and the bill was £600. Have costs really increased to that extent?
You should e-mail 3 or 4 local Hartford conveyancing solicitors seeking prices. You should base your decision not just on cost, but on promptness and on how comprehensive the reply is.