My fiance’s dad is a conveyancing practitioner. I expect that I can be offered friends and family pricing for conveyancing, However if that does not come through, what kind of fees should I be expecting for conveyancing in Netherley?
It’s wise to request 3 or more like-for-like conveyancing estimates. Do use our search tool on this site. Whilst estimates may vary but the service one can expect are distinct between solicitors as is true with most professions.
I am aiming to move house in February. Should my conveyancing solicitor update the removal company on the day of completion. Incidentally, can you put forward a removal company in Netherley. Conveyancing firm was chosen prior to coming across this site.
On the day of completion you can collect the house keys from the estate agent however this should only happen after the sellers lawyers confirm to the agent that they acknowledge receipt of the completion payment and the keys can be passed over. You can inform the removal men that you are ready to move in. We are not in a position to suggest a particular removal company but can assist you in choosing a conveyancing in Netherley or a firm that specialises in conveyancing in Netherley.
When it comes to mortgage companies such as Nottingham, do Netherley property lawyers face an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I can not work out if my mortgage offer requires a lease extension. I have telephoned my Netherley building society branch on various occasions and was advised it wasn't a problem and they would lend. My Netherley conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they will not lend based on their specific requirements. Who do I believe?
As long as the property lawyer is on the lender panel, they must follow the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I have been told that property searches are the primary reason for hinderance in Netherley conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in Netherley.
My wife and I purchased a 4 bedroom Georgian house in Netherley. Conveyancing solicitor acted for me and Halifax. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Netherley and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing solicitor who conducted the work.
I am tempted by the attractive purchase price for a two maisonettes in Netherley which have in the region of forty five years remaining on the leases. Will this present a problem?
A lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the saleability of the lease deteriorates and results in it becoming more costly to acquire a lease extension. This is why it is often a good idea to extend the lease term. Sometimes it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this area.
I acquired a garden flat in Netherley, conveyancing having been completed 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Netherley with over 90 years remaining are worth £260,000. The ground rent is £50 per annum. The lease comes to an end on 21st October 2100
With 75 years remaining on your lease the likely cost is going to range between £8,600 and £9,800 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs 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 considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
We have appointed a Netherley conveyancing solicitor for our house purchase (FTB’s) and have noticed in the Ts and Cs that they are not governed by the Financial Conduct Authority. Am I right to be concerned or is that usually the case with lawyer?
We can't see why they should be. Most property lawyer don't lend money. You should check that they are governed by the Solicitors Regulation Authority, who set stringent rules in place on funds deposited on client account.