Recently been in touch with my conveyancing lawyer in Salford who acted for me two years ago requesting a conveyancing costs illustration based on the same type of house move (a leasehold property and a freehold property) of similar values with a mortgage from Leeds Building Society. I am now being charged double. Am I right to be tempted to shop around for an alternative property lawyer?
The estimate does seem a tad on the high side. Where you are happy to invest time contrasting costs you may be able to decrease the fees marginally by as much as a hundred pounds. That being said, assuming were happy with the service the firm provided you maycome to regret opting for an a cheaper solicitor. Don't forget to enquire that the conveyancer can also act for Leeds Building Society. You can employ our search tool to find a Salford conveyancing firm on the Leeds Building Society conveyancing panel, which can often include conveyancing solicitors in Salford.
Do I have to attend the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Salford so that I can attend their offices if required.
As opposed to 15 years ago, almost all banks no longer oblige their conveyancing panel solicitor to witness the mortgagors signature. You will still be obliged to hand over ID documents and there are still distinct benefits to using a local ayer, in your situation a conveyancing solicitor in Salford.
We had selected solicitors with offices in Salford on the Santander solicitor panel. They are now charging me a separate fee for handling the Santander mortgage. Is this an additional conveyancing fee set by Santander?
Provided it is contained in their Terms of Engagement or estimate then yes your solicitor can levy a fee for this. This fee is not set by Santander but by your Salford solicitor. Numerous firms on the Santander panel will quote ’dealing with mortgage’ fee but many practices incorporate it on their overall fee.
I'm in the process of looking at houses in Salford and I am about to put in an offer. Is it best to have a lawyer on ‘stand by’? I am planning to take a home loan with Aldermore.
It would be wise to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are seeking a mortgage with Aldermore, ask your prospective lawyers if they are on the Aldermore conveyancing panel otherwise they can't do the mortgage legal work.
After months of negotiation I have agreed a price on a house in Salford. My financial adviser pressured me to appoint their conveyancing practitioner. I paid an advanced payment of £225. Soon after, the conveyancing practitioner contacted me to say that they were not on the Leeds Building Society 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 Leeds Building Society 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.
I am buying a new build apartment in Salford. 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.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Salford
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. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are architect prepared. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I have been on the look out for a ground for flat up to £195,000 and found one round the corner in Salford I like with open areas and railway links in the vicinity, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Salford in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
In surfing the internet for the words conveyancing in Salford it shows results of numerous property lawyersin the vicinity. How do I determine which is the suitable property lawyer for the sale of my house?
The best method of seeking a suitable conveyancer is via personal testimonial, so seek the guidance of friends and family who have acquired a property in Salford or the reputable estate agent or mortgage broker. Charges for conveyancing in Salford vary, so it's sensible to request a minimum of four quotes from different property lawyers. Dont forget to clarify that the costs are assured not to increase.