I am not well enough to travel far from Seahouses. Is there a reason why all Seahouses lawyers are not on all mortgage company panels?
Even though it may seem unfair for lenders to restrict who can represent them, from the public’s or conveyancer’s standpoint, the other side of the coin is that banks are increasingly anxious and feel it essential to shield themselves against illegal activities. As a consequence of this concern banks have restricted their panel of approved conveyancing lawyers to a manageable size.
We note that you have a search directory listing firms on the Coventry BS conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Seahouses?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Seahouses.
Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Seahouses so that I can attend their offices if necessary.
As opposed to 15 years ago, the vast majority banks no longer require their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to hand over identification documents and there are still manifest benefits to instructing a locally based solicitor, in your case a conveyancing solicitor in Seahouses.
My husband and I are FTB’s - agreed a price, yet the selling agent informed us that the vendor will only proceed if we appoint their chosen conveyancers as they are insisting on a ‘quick sale’. We would rather use a high street conveyancer who is familiar with conveyancing in Seahouses
We suspect that the owner is unaware of this request. If they want ‘a quick sale', taking such a hostile approach to a genuine buyer is going to damage their objectives. Speak to the owners direct and make sure they understand (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you intend to appoint your preferred Seahouses conveyancing solicitors - not the ones that will give their estate agent a kickback or meet his conveyancing thresholds demanded by senior management.
I've found a house that seems to meet my requirements, at a great price which is making it all the more appealing. I have since found out that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Seahouses. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?
Most houses in Seahouses are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Seahouses so you should seriously consider looking for a Seahouses conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example obtaining the landlord’spermission to carry out alterations. You may also be required to pay a contribution towards the upkeep of the estate where the property is located on an estate. Your lawyer will appraise you on the various issues.
I invested in buying a 1st floor flat in Seahouses, conveyancing was carried out 9 years ago. How much will my lease extension cost? Comparable properties in Seahouses with an extended lease are worth £191,000. The ground rent is £55 per annum. The lease comes to an end on 21st October 2077
With 53 years left to run the likely cost is going to range between £27,600 and £31,800 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
I'm purchasing a house in Seahouses. I have found my conveyancer's company on the Law Society's list, but I can't see my lawyer's name on the list. Is this a big problem?
Not every individual in the practice must be listed by the regulator. As long there is a manager qualified to 'oversee' the transaction, the actual day-to-day activity can be undertaken by unqualified staff.