I was advised yesterday by my estate agent that my Hayes the law firm I have appointed is not on the lender Solicitor panel. What can I do to be sure that this is correct?
You need to contact your Hayes conveyancer. You lawyer should notify you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
Why do I have to pay up front for my conveyancing in Hayes?
If you are buying a property in Hayes your solicitor will ask you to provide them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the total price then this should be asked for immediately before exchange of contracts. The final balance that is due should be sent to your lawyer a few days ahead of the day of completion.
Me and my partner are purchasing a apartment in Hayes. I might seem paranoid but how we can trust a conveyancer? At some point we have to put our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
What is your number one tip for choosing a conveyancing solicitor in Hayes
It would be unwise to be seduced by the lowest Hayes conveyancing costs illustration. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Hayes bank branch on various occasions and was advised it wasn't an issue and they will lend. My Hayes conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend based on their specific requirements. Who do I believe?
Provided that the property lawyer is on the mortgage company panel, she or he must adhere to the Council of Mortgage Lenders’ Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am looking to sell my house. My past solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Hayes if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Hayes. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I work for a busy estate agency in Hayes where we have witnessed a few flat sales jeopardised due to short leases. I have received contradictory information from local Hayes conveyancing firms. Could you confirm whether the vendor of a flat can start the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Hayes conveyancing firm to help?
Most certainly. We are happy to put you in touch with a Hayes conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Hayes premises is 164 Nestles Avenue in October 2013. The tribunal agreed with the proposed price of £20,158 for the freehold and determined that that sum is the amount to be paid into court This case affected 2 flats. The unexpired term as at the valuation date was 69 years.
My boyfriend is purchasing a shared ownership flat in Hayes. He has received a fee estimate by the conveyancer connected to the estate agents and it came to £1245 . It was eight years ago I sold and purchased a house and the bill was £450. Have fees really gone up that much?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Hayes searches, land registry fees, etc)