Much to our surprise we have been informed by our estate agent that my Meir property lawyer is not on the mortgage company Conveyancing panel. What can I do to check?
The sensible course of action for you to take is to contact your Meir conveyancer. It is reasonable to expect your lawyer to notify you of the situation. If they are not on the panel they may be able to suggest a Meir conveyancing firm that is on the approved list of lawyers for your mortgage company.
Why is leasehold purchase conveyancing in Meir is more expensive?
In summary, leasehold conveyancing in Meir and Staffordshire usually warrants more work compared to freehold transactions. This includes analysing the lease terms, corresponding with the landlord concerning the service of appropriate notices, obtaining up-to-date service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first entered into.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel solicitor as I would much rather appoint a high street conveyancing solicitor in Meir?
Do check but the the likelihood is that appoint one of their panel conveyancers if you want the "fee-free" deal. Speak to the mortgage company and check if they allow a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor in Meir.
How does conveyancing in Meir differ for newly converted properties?
Most buyers of new build or newly converted property in Meir approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Meir tend to acquire the real estate, 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 accustomed to new build conveyancing in Meir or who has acted in the same development.
In my capacity as executor for the will of my uncle I am disposing of a residence in Swansea but reside in Meir. My solicitor (based 235 miles from mehas requested that I sign a statutory declaration ahead of completion. Could you suggest a conveyancing solicitor in Meir who can attest and place their company stamp on the document?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Meir based
My wife and I purchased a leasehold house in Meir. Conveyancing and TSB mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Meir who previously acted has now retired. Do I pay?
The first thing you should do is make enquiries of the Land Registry to make sure that this person is in fact the new freeholder. There is no need to incur the fees of a Meir conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Meir - Sample of Questions you should consider Prior to buying
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It would be a good idea to investigate if the the lease contains any unreasonable restrictions in the lease. By way of example it is reasonably common in Meir leases that pets are not allowed in certain buildings in Meir. If you love the flatin Meir yet your dog is not allowed to live with you then you have a very hard determination. How much is the service charge and ground rent on the property? Who takes responsibility for maintaining and repairing the block?