Do the conveyancing lawyers identified via your search tool conduct conveyancing in Long Itchington by way of an attended exchange?
We do have a number of conveyancing specialists who can conduct personalised exchanges. Please contact us to obtain a costs illustration and details as to availability.
What does my ID and proof of funds have anything to do with my conveyancing in Long Itchington? What am I being asked for?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the identification documents of the person or body they are dealing with prior to agreeing to accepting their conveyancing retainer. The Terms of Engagement that you are required to sign will no doubt confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you refuse to supply ID verification documents, your lawyer can not take you on as a client.
My Solicitor in Long Itchington is not listed on the Bank of Ireland Solicitor Panel. Is it possible for me to use my family solicitor even though they are excluded from the Bank of Ireland panel?
Your options are as follows:
- Complete the purchase with your existing Long Itchington lawyers but Bank of Ireland will need to use a lawyer on their panel. This will result in additional total conveyancing fees as well as result in delays.
- Find a new lawyer to act in the conveyancing, obviously checking they are on the Bank of Ireland panel
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a quick, chain free conveyancing. Long Itchington is where the house is located. Can you shed any light on this issue?
Flying freeholds in Long Itchington are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Long Itchington you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Long Itchington may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I today plan to offer on a house that appears to meet my requirements, at a reasonable figure which is making it all the more appealing. I have subsequently discovered that it's a leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Long Itchington. Conveyancing solicitors have not yet been instructed. Will they explain the issues?
Most houses in Long Itchington are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. We note that you are purchasing in Long Itchington in which case you should be shopping around for a Long Itchington conveyancing practitioner and be sure that they are used to advising on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the landlord’spermission to carry out changes to the property. It may be necessary to pay a service charge towards the upkeep of the estate where the house is located on an estate. Your conveyancer should report to you on the legal implications.
I own a garden flat in Long Itchington, conveyancing was carried out August 1998. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Long Itchington with an extended lease are worth £186,000. The ground rent is £55 charged once a year. The lease runs out on 21st October 2077
You have 53 years left to run we estimate the premium for your lease extension to be between £27,600 and £31,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing 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 the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.
What can I expect to pay for conveyancing in Long Itchington?
The amount you are levied for Long Itchington conveyancing fees can differ significantly from firm to firm. Given these differences it especially important that you have a full summary of costs when you first appoint a solicitor. You should also consider asking two or more like for like quotes.