What happens if my lawyer’s firm is suspended from the Clydesdale Solicitor panel ahead of completing my conveyancing in Ottery St Mary?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I know that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a property in Ottery St Mary? or I am told that there is historic law that means some owners of property residing in a parish church boundary may be liable to pay for maintenance to the chancel in proximity to the church. Is this suitable for conveyancing in Ottery St Mary?
Unless a prior purchase of the premises completed post 12 October 2013 you could take it that solicitors carrying out conveyancing in Ottery St Mary to remain recommending a chancel search and or insurance against a claim.
Is it possible to switch conveyancer as I have to appoint a firm on the Santander conveyancing list. I hired a family conveyancing solicitor in Ottery St Mary five minutes from me but she is not accepted by Santander
We will our best to assist in finding you a conveyancing solicitor in Ottery St Mary on the Santander panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Ottery St Mary. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Ottery St Mary.
As co-executor for the estate of my aunt I am disposing of a property in Swansea but live in Ottery St Mary. My conveyancer (who is 200 kilometers awayrequires that I sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing lawyer in Ottery St Mary who can attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are Ottery St Mary based
I am attracted to a couple of maisonettes in Ottery St Mary both have approximately 50 years unexpired on the leases. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a period of time. As a lease gets shorter the marketability of the lease deteriorates and it becomes more expensive to extend the lease. This is why it is advisable to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this area.
I acquired a leasehold flat in Ottery St Mary, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Ottery St Mary with an extended lease are worth £201,000. The ground rent is £45 invoiced every year. The lease expires on 21st October 2088
With 64 years unexpired we estimate the price of your lease extension to be between £14,300 and £16,400 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
We are hoping to purchase a repossessed flat in Ottery St Mary and the bank selling require completion inside 28 days. Do property lawyers complete in this timeframe? Would it be better to instruct a local Ottery St Mary firm or an online company that advertises to complete quickly?
Attend your Ottery St Mary high street. Pop in to 3 companies and request to talk to a conveyancing solicitor for an estimate. Set out your situation and try and obtain assurances on time frames. Choose the firm that appears most genuine. Make sure to use a property lawyer on the panel of conveyancing practitioners who can act for your lender.