We went with a high street solicitor for my conveyancing in Lee On The Solent yesterday. Upon checking the Terms I notewe are on the hook for charges even if the sale doesn't happen. Should I ditch them and select an internet lawyer who offer no move no charge conveyancing in Lee On The Solent?
It is usually ‘give and take’ in that if "No Sale No Fee" is offered then the conveyancing charges will generally be higher to offset those conveyances that fail to complete. Also remember that these deals rarely protect you from outlay such your Lee On The Solent conveyancing search charges.
I am about to exchange on the purchase of a house in Lee On The Solent but as a result of wreckage from the recent storms I have managed to agree compensation from the owner of £3k taking the form of a deduction in the price. I had intended this to be addressed as part of the conveyancing process but RBS will not permit this. Why were they approached?
Your conveyancer being on a RBS conveyancing panel is obliged to advise RBS of any amendments to the sale price. If you prohibit your property lawyer to report the price change to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new solicitor for your conveyancing in Lee On The Solent.
At what point can the exchange of contracts happen for domestic conveyancing in Lee On The Solent and do I need to attend the solicitors branch?
Where you are round the corner to our conveyancing solicitors in Lee On The Solent you are welcome to come in to sign documents. However, the firms we work with provide a countrywide conveyancing service and provide just as comprehensive and professional a job for you when dealing with you by post or email. The executing of the purchase agreement is not the point of no return. Signing on the dotted line simply enables the firm to address the formalities at the appropriate time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Lee On The Solent)to be in the office available at the end of the phone to exchange contracts.
Are there restrictive covenants that are commonly picked up during conveyancing in Lee On The Solent?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Lee On The Solent. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently bought a leasehold house in Lee On The Solent. Am I liable to pay service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I own a ground floor flat in Lee On The Solent, conveyancing formalities finalised 7 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 over 90 years remaining are worth £216,000. The ground rent is £50 per annum. The lease ends on 21st October 2094
With just 69 years left to run the likely cost is going to span between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.
I need to find a lender panel solicitor in Lee On The Solent. Can you assist?
Unfortunately it’s not apparent why you need a Lee On The Solent panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Lee On The Solent are on their panel . If you do find such a firm in Lee On The Solent not listed please direct them to our site to list. After all the cost is only one £1 a month