Recently contacted my conveyancing solicitor in Rawtenstall who conducted the legals two years ago requesting a conveyancing estimate based on the same type of home move (a leasehold residence and a freehold premises) of similar values with a home loan from Leeds Building Society. I am now being charged twice the amount. Stick with what I know or should I seek out an alternative property lawyer?
The quote is fractionally on the expensive side. Where you are content to spend time contrasting quotes you may be able to get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, assuming were pleased with the service the firm provided you mightlive to regret opting for an a cheaper lawyer. Don't forget to check that the solicitor can represent Leeds Building Society. Do employ our search tool to find a Rawtenstall conveyancing firm on the Leeds Building Society approved list of lawyers, which can often include conveyancing solicitors in Rawtenstall.
My wife and I are only a couple days away from an exchange on a flat in Rawtenstall and my mum and dad have sent the ten percent deposit to my conveyancer. I am now informed that as the deposit has not arrived from me my lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I disclosed to the lender about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The property lawyer is obliged to check with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We are selling our apartment in Rawtenstall. Does the lawyer have to be required to be on the Skipton conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Skipton conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I was pointed in your direction by a number of selling agents in Rawtenstall to locate a solicitor on your site. Is there a financial advantage for Estate Agents to recommend your lawyers rather than alternative conveyancing organisations?
We don’t make any financial incentive for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
We're FTB’s - agreed a price, yet the estate agent has warned us that the vendor will only issue a contract if we instruct the agent's preferred lawyers as they need an ‘expedited deal’. We would rather use a local solicitor who is accustomed to conveyancing in Rawtenstall
It is improbable the owners are driving this. Should the vendor desire ‘a quick sale', alienating a motivated purchaser is not the way to achieve this. Bypass the agents and go straight to the owners and make the point that (a)you are genuine purchasers (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you are going to instruct your preferred Rawtenstall conveyancing lawyers - not the ones that will earn their estate agent a referral fee or meet his conveyancing thresholds demanded by HQ.
Estate agents have just been given the go-ahead to market my basement apartment in Rawtenstall. Conveyancing solicitors are to be appointed soon, however I have just received a yearly maintenance charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is discharge the invoice as normal because all rents and service payments will be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment 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 bought a 1st floor flat in Rawtenstall, conveyancing formalities finalised August 2008. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Rawtenstall with over 90 years remaining are worth £185,000. The ground rent is £65 yearly. The lease ceases on 21st October 2086
With only 61 years left to run we estimate the premium for your lease extension to be between £18,100 and £20,800 plus legals.
The figure 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 investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.