Just been in touch with my conveyancing lawyer in Petersfield who acted for me two years ago asking for a conveyancing estimate based on an identical type of house sale & purchase (a leasehold premises and a freehold premises) of similar values with a loan from Virgin Money. I am now being charged double. Should I hunt for a cheaper internet conveyancer?
The estimate does seem a tad on the high side. If you are prepared to expend time contrasting costs you could decrease the fees slightly by say a hundred pounds. On the other hand, providing that you were happy with the assistance the firm gave you mightlive to rue opting for an an unknown lawyer. If is important to be sure that the conveyancer can represent Virgin Money. Do use our search tool to locate a Petersfield conveyancing firm on the Virgin Money approved list of lawyers, which can often include conveyancing solicitors in Petersfield.
We are nearing an exchange on a house in Petersfield and my parents have sent the ten percent deposit to my lawyer. I am now informed that as the deposit has been received from someone other than me my lawyer needs to make a notification to my lender. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?
Your lawyer is obliged to check with mortgage company to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Having invested time reading consumer advice sites for a recommended lawyer in Petersfield, many advise that I should use a CQS kitemarked lawyer. What is CQS?
The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to best practice conveyancing processes through the scheme protocol the standard covers many organisations who execute conveyancing in Petersfield.
The deeds to my property are lost. The solicitors who conducted the conveyancing in Petersfield 5 years ago no longer exist. What are my next steps?
As long as you have a registered title the details of your ownership will be documented by the Land Registry under a Title Number. It is possible to perform a search at the Land Registry, locate your house and order current copies of the Registered Entries for less than a fiver. Where the property is Leasehold then the Land Registry will also normally hold a file copy of the Registered Lease and again, a copy can be obtained for twenty pounds.
I have been sourcing a conveyancing lawyer in Petersfield for my sale. Is it possible to see a solicitor's complaints history with the profession’s regulator?
Members of the public may find documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The SRA could monitor telephone calls for training requirements.
I want to let out my leasehold apartment in Petersfield. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
The lease dictates the relationship between the landlord and you the leaseholder; specifically, it will say if subletting is not allowed, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Petersfield do not prevent subletting altogether – such a clause would adversely affect the market value the flat. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.
I purchased a 1 bedroom flat in Petersfield, conveyancing formalities finalised January 1995. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Petersfield with over 90 years remaining are worth £180,000. The ground rent is £65 per annum. The lease ends on 21st October 2083
With just 58 years left to run we estimate the price of your lease extension to span between £22,800 and £26,400 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.