Can you explain why leasehold purchase conveyancing in Leicester is more expensive?
Leicester leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am assisting my niece sell her flat in Leicester. Does the conveyancer order the energy assessment or do I organise this?
Following the abolition of Home Information Packs, energy assessments was kept a mandatory component of moving house. An EPC must be to hand in advance of the property being advertised. It is not a task that lawyers normally arrange. Where you are instructing a Leicester conveyancing lawyer they might help arrange energy assessments given their relationships with reputable Leicester accredited person
I'm spending time looking at apartments in Leicester and I am about to put in an offer. Should I already have a lawyer in place at this stage? I am planning to take a home loan with Nationwide.
It would be prudent to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the selling agent. Given that you are taking out a mortgage with Nationwide, make sure you remember to check that your lawyer is on the Nationwide conveyancing panel.
I have paid off my mortgage with UBS. I assume I don't need a Leicester solicitor on the UBS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
I used Wolstenholmes a few years ago for my conveyancing in Leicester. I now require my papers but the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Leicester of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying my first flat in Leicester with a mortgage from Barclays . The developers would not move on the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not disclose to my conveyancer about the side-deal as it could adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
How simple is it to swap solicitor as I have to find one who is on the Bank of Ireland conveyancing panel. I instructed a local conveyancing solicitor in Leicester round the corner but she is not approved by Bank of Ireland
It would be our pleasure to help you find a conveyancing solicitor in Leicester on the Bank of Ireland panel. Please note that the law firms that we work with do not pay us fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Leicester. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Leicester.
Can you offer any advice when it comes to appointing a Leicester conveyancing firm to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Leicester conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We recommend that you talk with two or three firms including non Leicester conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:
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Can they put you in touch with clients in Leicester who can give a testimonial? What are the charges for lease extension conveyancing?
I am the registered owner of a basement flat in Leicester, conveyancing was carried out June 2006. Can you work out an approximate cost of a lease extension? Comparable flats in Leicester with over 90 years remaining are worth £197,000. The ground rent is £55 yearly. The lease ceases on 21st October 2076
With only 55 years unexpired we estimate the premium for your lease extension to range between £31,400 and £36,200 plus legals.
The suggested premium range 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 comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.