My fiance’s sister is a conveyancer. I expect that I will be offered preferential rates for conveyancing, However if that does not come materialise, what level of figure should I be expecting for conveyancing in Lee On The Solent?
It’s wise to seek two or three conveyancing quotes. Make use of our comparison tool on this page. You will notice that fees do vary but service levels do differ between property lawyers as is the case with the vast majority of professional services.
I am in a contract race with another prospective purchaser for a property in Lee On The Solent. What can I do to expedite matters?
Where you are under time constraints to complete we would recommend that your solicitor is familiar with the area as they will make use of local contacts and know-how. It is even conceivable that they may have handled otherhouses in the same neighbourhood. Therefore consider using a Lee On The Solent conveyancing firm. In addition, make sure that the conveyancing firm is on the lender panel. It is said that 18% of Lee On The Solent conveyancing transactions are held up or derailed after discovering a buyer’s solicitor was not on their banks list of approved solicitors. In many cases this discovery resulted in the transaction being held up by almost three weeks. It is estimated that this issue affects approximately one hundred thousand home sales annually. Most Lee On The Solent conveyancing practices can not act for certain mortgage companies so do check as early as possible.
The Lee On The Solent conveyancing firm that just started acting on my house acquisition in Lee On The Solent have suddenly shut down. I chose them because I had to have a lawyer on the Clydesdale conveyancing panel and my preferred Lee On The Solent lawyer was not. I gave my credit card details for them to take £195 for searches. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Clydesdale conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
I am helping my sister sell her house in Lee On The Solent. Does the solicitor order the energy assessment or should I organise this?
After the abolition of HIPs, EPC’s was maintained a compulsory element of selling a house. An energy performance certificate should be to hand prior to the property being advertised. It is not something that lawyers ordinarily arrange. If you are using a Lee On The Solent conveyancing lawyer they may help arrange EPC’s given their contacts with long established Lee On The Solent assessors
When it comes to lenders such as Nationwide, do Lee On The Solent conveyancers face a fee to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
I had a mortgage agreed in principle with UBS. Lee On The Solent conveyancing practitioners have been appointed. What is the average time that one could expect to receive a mortgage offer from UBS?
There is no definitive answer here. Have UBS completed the valuation? Have you advised UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I'm buying my first flat in Lee On The Solent with a mortgage from Yorkshire Building Society. The builders would not reduce the price so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not reveal to my conveyancer about the extras as it would put at risk my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My wife and I purchased a leasehold house in Lee On The Solent. Conveyancing and Bank of Scotland mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1993. The conveyancing practitioner in Lee On The Solent who acted for me is not around. What should I do?
The first thing you should do is make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Lee On The Solent conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a studio flat in Lee On The Solent, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Lee On The Solent with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ceases on 21st October 2091
With 66 years left to run the likely cost is going to range between £11,400 and £13,200 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.