Find a Lender-Approved Local Conveyancer in Oldland

The Oldland conveyancing firm handling our Oldland conveyancing has spotted a discrepancy between the assumptions in the valuation report and what is revealed within the conveyancing documents. My lawyer has advised that he is duty bound to ensure that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s course or action appropriate?

Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

What does a local search tell me about the house we're buying in Oldland?

Oldland conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations for instance PSG The local search is essential in every Oldland conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search will supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.

Over the last few months I have been searching for a leasehold apartment up to £305k and found one close by in Oldland I like with open areas and transport links in the vicinity, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Oldland for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you require a home loan that many years may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.

I'm converting the mortgage on my primary property to a buy to let loan with TSB and intend to use the remaining equity towards a second house. The location we are interested in is Oldland. Will your conveyancers be able to act for the two mortgage companies and tie in the two deals?

Make use of our search tool on this page to be sure that the lawyers are approved by both lenders. Assuming that they are your conveyancer will be able to simultaneously deal with the two conveyancing matters but you should talk with you solicitor and make apparent your desired outcome and requirements.

Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £400,000 garden flat in Oldland next Friday. The managing agents has quoted £348 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Oldland?

Oldland conveyancing on leasehold maisonettes nine out of ten times involves administration charges raised by managing agents :

Answering pre-exchange questions Where consent is required before sale in Oldland Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your solicitor will have no control over the level of the charges for this information but the average costs for the information for Oldland leasehold premises is £350. For Oldland conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide answers.

I purchased a leasehold flat in Oldland, conveyancing formalities finalised February 2011. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Oldland with a long lease are worth £265,000. The ground rent is £50 invoiced every year. The lease ends on 21st October 2101

With 76 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.

Having used your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?

Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.