My wife and I are soon to exchange on the purchase of a house in Portland but as a result of wreckage from the recent storms I have was able negotiate recompense from the vendor in the sum of £3k taking the form of a reduction in the price. I had intended this to be dealt with as part of a side agreement but Coventry BS will not agree to this. Should they have been informed?
Any solicitor that is on the Coventry BS approved list is duty bound to inform Coventry BS of any variations to the purchase price. If you prohibit your conveyancer to notify the reduction to Coventry BS then they would have to discontinue acting for you. In addition, Coventry BS and you would have to appoint a new conveyancer for your conveyancing in Portland.
Can you explain why leasehold purchase conveyancing in Portland is more expensive?
The conveyancing charges for a leasehold premises in Portland is frequently higher when contrasted to a freehold property. This is due to the supplemental work necessary in corresponding with the landlord and managing agents to collate the evidence about whether the rent and maintenance charges have been discharged and whether there are any major works due in the near future on repairs or maintenance of the block.
Over the last few months I have been searching for a ground for flat up to £305k and identified one close by in Portland I like with a park and station in the vicinity, however it's only got 61 remaining years left on the lease. I can't really find anything else in Portland in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a home loan that many years will be an issue. Discount the price 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 2 years 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 speak to your conveyancing solicitor concerning this matter.
I am a sole trader wishing to take over a lease of a shop on the high street. Can you recommend conveyancers offering no-sale-no charges for commercial conveyancing in Portland for under 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Portland, including the sale and purchase of businesses as well as simply property. Whether you are looking to buy or sell a shop, pub, restaurant, office, retail premises or a whole business we will find you the right solicitor. Regarding the charges this will depend on the structure and nuances of the deal. Please provide us with your contact information or telephone so as to enable us to provide you with a fixed commercial conveyancing quote.
My husband and I are one month into a leasehold purchase having been recommend to a firm by the high street agent to handle our conveyancing in Portland. We are not happy. Can you you assist me in finding new lawyers?
A conveyancer would have to be really bad to suggest diss instructing them. Has your loan offer been issued? If so you will need to make them aware of the new contact details and have the mortgage documents are re-sent. Your solicitor ideally needs to be on the lenders approved list to avoid supplemental fees and frustration. That should be your starting point. Our find a solicitor tool can help you find a lender approved solicitor for your home move in Portland
I am hoping to buy a repossessed house in Portland and the mortgagee in possession require completion inside 28 days. Can a conveyancing practitioner complete in this timeframe? Am I best advised to select a high street Portland firm or an online conveyancer that professes to complete quickly?
Visit your Portland shopping parade. Pop in to a couple of solicitor’s offices and request to talk to a conveyancing solicitor for a quote. Discuss your needs and get a commitment on time frames. Choose the firm that comes across as most genuine. You need to choose a property lawyer on the list of property lawyers acceptable to your mortgage company.