Our family lawyer has quoted £1150 for freehold conveyancing in Mudeford. I am hoping to sell a modern property for £150,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Mudeford?
The estimate does seem marginally overpriced. If you shop around you might shave off some of the expense by say £125. That being said, you mightlive to rue choosing an an untested lawyer. If is important to check that the solicitor can also act for your lender. Do use our comparison tool to locate a Mudeford conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Mudeford.
I have 70 years left on my lease and need a lease extension for my apartment in Mudeford. Conveyancing solicitors on the Virgin panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/9/2022 the requirements read as follows :
I happen to be the single beneficiary of my late mum's will and I have everything in my name now, including the my former home in Mudeford. Conveyancing formalities meant that the Land Registry date was in August. I plan to dispose of the house. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership may be regarded the same way as though I had purchased the property in August. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. many mortgage companies would take a practical view as this provision principally exists to identify the purchase and immediately sell or the flipping of properties.
The mortgage over my property is with Kent Reliance for my property in Mudeford. Conveyancing has been completed a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Kent Reliance?
Kent Reliance must be informed of your intention prior to letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. It should not be necessary to do this via a Kent Reliance conveyancing panel solicitor.
I have instructed a Mudeford lawyer having checked that they are on the Coventry BS conveyancing panel. Does my lawyer arrange the survey of the property?
Coventry BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Coventry BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Mudeford surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
The deeds to our home are lost. The conveyancers who dealt with the conveyancing in Mudeford 10 years ago no longer exist. What are my next steps?
In today’s world there are duplicates made of almost everything, and your lawyer should be aware precisely where to find all the suitable documentation so you can purchase or dispose of your property without a hitch. If copies can’t be found, your lawyer can put in place insurance or indemnities protecting you against possible claims on your property.
How does conveyancing in Mudeford differ for newly converted properties?
Most buyers of new build residence in Mudeford contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Mudeford tend to acquire the land, 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 conveyancing solicitors 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 Mudeford or who has acted in the same development.
We're first time buyers - had an offer accepted, but the property agent informed us that the vendor will only go ahead if we instruct the agent's recommended lawyers as they want a ‘quick sale’. Our preferred option is to instruct a high street conveyancer accustomed to conveyancing in Mudeford
It is highly unlikely the sellers are driving this. Should the seller desire ‘a quick sale', turning down a motivated purchaser is counter productive. Contact the sellers directly and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)however you are going to instruct your preferred Mudeford conveyancing firm - as opposed tothose that will earn the estate agent a kickback or meet his conveyancing targets pre-set by senior management.