Much to our surprise we have been told by our estate agent that my Helsby solicitor is not on the bank Solicitor panel. What can I do to check?
Your first step should be to call your Helsby lawyer directly. It is reasonable to expect your lawyer to inform you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
My partner and I are only a couple days away from an exchange on a house in Helsby and my parents have transferred the ten percent deposit to my conveyancer. I am now told that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my lender. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancer is obliged to check with lender to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
We are purchasing a property and need a conveyancing solicitor in Helsby who is on the Co-operative solicitor panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in Helsby.
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would prefer to instruct a Helsby based conveyancing firm?
You should check but the the probability is that give you one of their panel solicitors where you take up the "fee-free" offer. Call the bank to explore if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Helsby.
My husband and I are 17 days into a freehold purchase having been referred to conveyancers by the local agent to carry out the conveyancing in Helsby. I am not happy. Can you you assist me in finding new lawyers?
A conveyancer would have to be very poor in order to consider changing them. Has the mortgage been sent? In the event that it has you must make them aware of the new contact details and get the offer are re-sent. Your conveyancer should be on the lenders approved list to avoid supplemental charges and delays. So that should be your first question of the new conveyancers. Our search tool can assist you in finding a lender approved conveyancer for your home move in Helsby
I am attracted to a couple of apartments in Helsby which have about forty five years remaining on the lease term. Will this present a problem?
There are plenty of short leases in Helsby. The lease is a right to use the premises for a prescribed time frame. As a lease gets shorter the marketability of the lease deteriorates and it becomes more expensive to acquire a lease extension. This is why it is advisable to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this field.
I own a ground floor flat in Helsby, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Similar properties in Helsby with a long lease are worth £260,000. The average or mid-range amount of ground rent is £50 levied per year. The lease runs out on 21st October 2096
With 75 years left to run we estimate the premium for your lease extension to be between £8,600 and £9,800 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 are not able to advice on a more accurate figure in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.