Recently contacted my conveyancing solicitor in Hermitage who conducted the legals 18 months ago asking for a conveyancing quote based on an identical type of house move (a leasehold premises and a freehold property) of similar values with a loan from Birmingham Midshires. I am now being charged double. Am I right to be tempted to shop around for a cheaper internet property lawyer?
The costs illustration is fractionally on the steep side. If you are happy to invest time scrutinising quotes you could reduce the fees slightly by say a hundred pounds. On the other hand, providing that you were pleased with the assistance the firm provided you couldcome to rue choosing an an unknown conveyancer. If is important to check that the conveyancer can also act for Birmingham Midshires. Do employ our search tool to select a Hermitage conveyancing firm on the Birmingham Midshires approved list of lawyers, which can often include conveyancing solicitors in Hermitage.
We are a couple about to exchange contracts for a freehold house in Hermitage. We have hit a stumbling block. The mortgage offer with Yorkshire Building Society runs out on 8/11/2021 but the owners are suggesting a completion date of 10/11/2021. Can one extend the mortgage offer?
The best person to address this issue is your conveyancer who will assess whether they should be discussing with the mortgage broker, seller’s conveyancers, selling agents or possibly all parties given the history of your conveyancing as of today.
About to purchase a new build flat in Hermitage. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Hermitage
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are surveyor prepared.
I have been recommended by a few property agents in Hermitage to find a property lawyer using your seach tool. Is there a financial incentive for Estate Agents to promote your lawyers over and above another?
We don’t make any commission for directing people our way. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
What are your top tips when it comes to appointing a Hermitage conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a conveyancer for lease extension works (regardless if they are a Hermitage conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with several firms including non Hermitage conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:
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How familiar is the firm with lease extension legislation? If they are not ALEP accredited then what is the reason?
Hermitage Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
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How many of the leaseholders are in arrears for their service charge payments? Best to be warned if redecorating or some other significant cost is coming up to be shared amongst the tenants and could well materially increase the the service charges or require a specific invoice. Does the lease have in excess of 80 years left?
At long last our conveyancing in Hermitage is completing next Friday, yet the couple I am buying from wishes to move out 24 hours later at at 2pm. Can I accept this?
In situations where you need a loan then your property lawyer will insist that you have vacant possession on Friday - the lending institution will require it.