My partner’s mother is a property lawyer. I am hopeful that I will receive mate’s fee for conveyancing, However if that does not come through, what kind of fees would I typically be looking at for conveyancing in Parkstone?
It’s advisable to seek two or three conveyancing quotes. Make use of our comparison tool on this site. The amounts will contrast greatly but the service one can expect are distinct between solicitors as is the case with most professions.
My husband and I are refinancing our maisonette in Parkstone with Co-operative. We have a son 18 who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have two concerns (1) Is this document specific to the Co-operative conveyancing panel as he did not need to sign this form when we remortgaged 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Co-operative. This is solely used to protect Co-operative if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Co-operative had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
This question may be naive but I am new to the home buying as a 1st time buyer of a ground floor flat in Parkstone. Do I receive the keys to the house on completion from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Parkstone?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the completion advance to the seller's lawyers, and shortly after the monies have arrived, you should be able to collect the keys from the property Agents and move into your new home. This tends to happen early afternoon.
Can you point me to a directory of Co-operative panel solicitors in Parkstone on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. A small selection of banks make their panel listings open the public over the internet. Where you are looking for a Parkstone lawyer on the Co-operative please use our tool.
I have decided to exercise my right to buy my property in Parkstone off the council. I have a mortgage offer with RBS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
A relative recommended that where I am buying in Parkstone I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Parkstone conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Parkstone around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Parkstone Education with maps and statistics, Local Amenities and other useful information concerning Parkstone.
I need to find a conveyancing solicitor for some conveyancing in Parkstone. I've land on a site which looks to be the perfect offering If there is a chance to get all the legals completed via web that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Estate agents have just been given the go-ahead to market my garden apartment in Parkstone. Conveyancing lawyers have not yet been instructed, but I have just received a yearly service charge demand – should I leave it to the buyer to sort out?
It best that you clear the maintenance contribution as you normally would because all rents and maintenance charges should be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I am the registered owner of a ground floor flat in Parkstone, conveyancing was carried out May 2002. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Parkstone with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ceases on 21st October 2087
With just 62 years remaining on your lease we estimate the premium for your lease extension to span between £17,100 and £19,800 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to 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.