Recently contacted my conveyancing solicitor in Salisbury who completed the legal work 18 months ago asking for a conveyancing estimate based on an identical type of house move (a leasehold premises and a freehold premises) of similar values with a home loan from Virgin Money. It looks as though am now being charged double. Better the devil I know or should I seek out a cheaper internet conveyancer?
The estimate does seem a little overpriced. If you are prepared to expend time scrutinising charges you may be able to trim some of the cost by perhaps a hundred pounds. On the other hand, assuming were happy with the conveyancing the firm offered you maycome to rue opting for an an untested solicitor. If is important to be sure the solicitor can act for Virgin Money. Do utilise our search tool to select a Salisbury conveyancing firm on the Virgin Money approved list of lawyers, which can often include conveyancing solicitors in Salisbury.
All was ready to move into my new home in Salisbury next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. What does the insurance need to cover?
Any lawyer on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These requirements are not specific to conveyancing in Salisbury.
Just bought a terraced house in Salisbury , how long should it take for the Land Registry to deal with the formalities evidencing my ownership? My Salisbury conveyancing solicitor has been very slow, so I want to be sure that my name is recorded.
As far as conveyancing in Salisbury is concerned, registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can differ according to the party submitting the application, whether it is in order and if the Land registry must send notices to any other parties. Currently roughly three quarters of such applications are fully addressed within 12 days but some can be subject to extensive hold-ups. Historically registration occurs after the new owner has moved in to the property so registration formalities is not always an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor can contact the land registry and explain the circumstances.
I'm purchasing a new build house in Salisbury benefiting from help to buy. The sellers refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not reveal to my conveyancer about the deal as it may impact my mortgage with Leeds Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Having had my offer accepted I require leasehold conveyancing in Salisbury. Before diving in I would like to find out the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and most are in Salisbury - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I purchased a 1st floor flat in Salisbury, conveyancing formalities finalised 10 years ago. How much will my lease extension cost? Equivalent properties in Salisbury with a long lease are worth £265,000. The ground rent is £50 per annum. The lease finishes on 21st October 2100
With only 75 years remaining on your lease we estimate the price of your lease extension to range between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.
Is there a difference between surveying and conveyancing in Salisbury?
Conveyancing - in Salisbury or elsewhere - is the legal term given to transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are intending to buy and will help you find out about the condition of the building and, if there are problems, give you leverage for negotiating the purchase price down or asking the seller to remedy the problems prior to you complete your move.