Willappointing a Romsey conveyancing solicitor make the legal process smoother?
Romsey is a special area, where neighbourhood knowledge is a significant benefit. The relaxed pace of life has it’s attractions – just not for your home move. The conveyancers that we list providing well rounded Romsey insight with a professional, can doattitude that helps everything runs smoothly. It is a distinct advantage where they enjoy well established relationships with financial advisers, estate agents, valuers and counterpart Romsey conveyancing practices
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Romsey. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 20/3/2023, the requirements read as follows :
A friend pointed out to me me that in buying a property in Romsey there could be a number of restrictions prohibiting external alterations to the property. Is this right?
We are aware of anumerous of properties in Romsey which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Romsey should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We had selected solicitors based in Romsey on the Coventry BS solicitor approved list. They are now charging me an additional sum for handling the Coventry BS mortgage. Is this an additional conveyancing fee specified by Coventry BS?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your lawyer may levy a fee for this. The fee is not set by Coventry BS but by your Romsey conveyancing practitioner. Some firms on the Coventry BS panel will quote an ‘acting for lender’ fee but plenty of firms incorporate it on their overall fee.
I recently had an offer accepted on a house in Romsey. My financial adviser recommended their conveyancers. I paid an on account payment of £150. Not long after, the property lawyer contacted me embarrassingly acknowledging that they were not on the UBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the UBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
We are selling our home in Romsey and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. A high street Romsey lawyer would know that there is no such problem. It does beg the question why the purchasers instructed a web based conveyancing outfit as opposed to a conveyancing solicitor in Romsey. Having lived in Romsey for many years we know that this is a non issue. Should we get in touch with our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Are there restrictive covenants that are commonly identified as part of conveyancing in Romsey?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Romsey. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
We expect to complete the disposal of our £150,000 apartment in Romsey next Tuesday. The freeholder has quoted £300 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Romsey?
Romsey conveyancing on leasehold maisonettes usually necessitates the buyer’s lawyer sending enquiries for the landlord to answer. Although the landlord is under no legal obligation to respond to these enquiries the majority will be content to assist. They may invoice a reasonable administration fee for answering questions or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some transactions it is above £800. The management information fee required by the landlord must be sent together with a summary of rights and obligations in relation to administration fees, otherwise the invoice is not strictly payable. In reality you have no option but to pay whatever is demanded if you want to complete the sale of your home.
I bought a studio flat in Romsey, conveyancing having been completed 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Romsey with a long lease are worth £190,000. The ground rent is £45 per annum. The lease ceases on 21st October 2085
You have 62 years remaining on your lease we estimate the price of your lease extension to range between £17,100 and £19,800 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.