Just been in touch with my conveyancing lawyer in Maulden who completed the legal work 18 months ago requesting a conveyancing costs illustration based on an identical type of house move (a leasehold residence and a freehold property) of almost identical values with a loan from Britannia. It looks as though am now being quoted twice the amount. Should I look for an alternative firm of conveyancing solicitor?
The quote is fractionally on the high side. If you you were to look around you may be able to shave off some of the expense by as much as £100 plus VAT. On the other hand, if you were pleased with the service the firm provided you mightcome to regret opting for an an untested solicitor. Don't forget to check that the firm can act for Britannia. Do make use of our search tool to select a Maulden conveyancing firm on the Britannia member panel, which can often include conveyancing solicitors in Maulden.
We are looking to buy a flat and need a conveyancing solicitor in Maulden who is on the Nottingham solicitor panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Maulden.
Please help - my lawyer advises that defective lease insurance is required on my purchase. What is the level of cover for Maulden conveyancing?
The right level of defective lease indemnity insurance depends on who your lender is. It would differ for example between HSBC Bank and Norwich and Peterborough Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.
is it true that all Maulden solicitor practices on the Co-operative conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Co-operative approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many banks do allow licenced conveyancers on their panel in which case such firms would be overseen by the Council of Licensed Conveyancers.
I have paid off my mortgage with Virgin Money. I assume I don't need a Maulden conveyancer on the Virgin Money panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money 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 Virgin Money mortgage from the register. Virgin Money, 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 Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
How does conveyancing in Maulden differ for newly converted properties?
Most buyers of new build premises in Maulden come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Maulden tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Maulden or who has acted in the same development.
How does the Landlord & Tenant Act 1954 affect my business property in Maulden and how can you help?
The 1954 Act gives a safeguard to commercial leaseholders, granting the legal entitlement to apply to court for a new tenancy and remain in occupation when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Maulden
Last May I purchased a leasehold flat in Maulden. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation 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 ensure 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).
Leasehold Conveyancing in Maulden - A selection of Queries Prior to buying
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Can you inform me if there are any major works in the planning that could add a premium to the maintenance fees? How much is the ground rent and service charge?