What is the best way to investigate if the solicitor handling my conveyancing in Newbury is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Birmingham Midshires thus spending £175.00 in further conveyancing fees.
You should take advantage of the search tool on this page. Please choose the lender and type ‘Newbury’ or your location and you will be presented with a number of lawyer based in Newbury or by proximity to you.
My wife and I are planning on selling our home in Newbury and according to the buyers it appears that there is a risk of it being built on contaminated land. Any local lawyer would know this is not the case. For the life of me I don't know why the purchasers are using an internet conveyancing practice rather than a conveyancing solicitor in Newbury. Having lived in Newbury for three years we know that this is a non issue. Should we get in touch with our local Authority to get confirmation need.
It sounds as though you may have a conveyancing firm already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Newbury is where the house is located. Can you shed any light on this issue?
Flying freeholds in Newbury are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Newbury you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Newbury may determine 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.
We are one month into a freehold purchase having been directed to solicitors by the selling agent to carry out the conveyancing in Newbury. I am am very dissatisfied with the quality of service. Could you help me find new lawyers?
A lawyer would have to be really bad to suggest diss instructing them. Has the loan offer been generated? If so you must inform them of the new contact details and have the offer are re-sent. Your solicitor ideally needs to be on the lenders approved list to avoid added fees and frustration. That should be your starting point. The find a solicitor tool should assist you in finding a lender approved lawyer for your conveyancing in Newbury
I am employed by a long established estate agent office in Newbury where we see a few flat sales put at risk due to leases having less than 80 years remaining. I have been given inconsistent advice from local Newbury conveyancing solicitors. Could you clarify whether the vendor of a flat can initiate the lease extension process for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I inherited a split level flat in Newbury, conveyancing was carried out December 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Newbury with over 90 years remaining are worth £191,000. The ground rent is £55 charged once a year. The lease expires on 21st October 2077
With only 53 years unexpired the likely cost is going to range between £27,600 and £31,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
My cousin is purchasing a basement flat in Newbury. He has received a fee estimate by the solicitor connected to the estate agents totaling £1245 . It was eight years ago since I sold and bought a house and the bill was £500. Have costs really gone up that much?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for example Newbury searches, land registry fees, etc)