I decided to go with a high street lawyer for my conveyancing in Prestwich recently. Upon checking the small print I seeI am on the hook for fees even if the dealdoes not go ahead. Would I be best advised to instruct an on-line lawyer offering no-sale-no-fee conveyancing in Prestwich?
Generally there is a concession along the lines that if "No Sale No Fee" is advertised then the fee levels will generally be more expensive to neutralise those transactions that do not proceed. Also remember that such promotions generally do not protect you from expenses such as Prestwich conveyancing search fees.
Can conveyancing in Prestwich to be concluded within a month?
Where the seller is applying time constraints to exchange we would recommend that your lawyer is familiar with the location as they will benefit local relationships and know-how. It is possible that they would have transacted previousproperties in the same road. Therefore consider using a Prestwich conveyancing lawyer. In addition, make sure that the conveyancing firm is on the lender panel. It is estimated that nearly one in five of Prestwich conveyancing transactions are held up or jeopardised after finding out that a buyer’s lawyer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the transaction being frustrated by almost three weeks. It is said that this issue impacts in the region of 100,000 home sales annually. Almost all Prestwich conveyancing practices can not represent certain lenders so do check at the outset.
Me and my brother have a renovated Georgian house in Prestwich. Conveyancing solicitor represented me and Platform Home Loans Ltd. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the exact same property. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Prestwich and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing solicitor who conducted the conveyancing.
Just had an offer accepted on a new build apartment in Prestwich. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Prestwich
-
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please supply a car parking plan. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I have been recommended by a few estate agents in Prestwich to locate a solicitor using your seach tool. Is there a financial inducement for Estate Agents to promote your site over alternative conveyancing organisations?
We refuse to offer any referral fee for pointing buyers and sellers in our direction. We found it would be just too difficult to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
My wife and I are acquiring a 2 bedroom flat in Prestwich. When we first instructed conveyancing practitioner, we were told they were on all major UK bank panels. The financial adviser emailed just now to say that they don't seem to be on the UBS approved list. If it turns out to be true, what should we do? Do we just choose a new lawyer that is on their approved list or do we pay for dual representation, with UBS selecting their own approved solicitor.
When purchasing a property with the benefit of a mortgage it is conventional for the buyer’s solicitors to also represent the purchaser's lender. In order to act for a bank or building society a lawyer has to be on that lender's list of approved lawyers. An application has to be made by the conveyancer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the conveyancer has to satisfy. Some lenders now require their panel firms to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact UBS to discover if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on UBS's conveyancing panel as you are at liberty to use your preferred Prestwich lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another solicitor into the mix.