Just been in touch with my conveyancing lawyer in Shaftesbury who completed the legal work two years ago and wanted a conveyancing estimate based on an identical type of house move (a leasehold property and a freehold premises) of almost identical values with a mortgage from Barclays Direct. I am now being quoted twice the amount. Am I right to be tempted to shop around for an alternative firm of conveyancing solicitor?
The quote is fractionally on the expensive side. If you are willing to invest time contrasting prices you might trim some of the cost by say £100 plus VAT. That being said, assuming were content with the assistance the firm provided you mightlive to rue choosing an a cheaper lawyer. Remember to ensure that the solicitor can act for Barclays Direct. You can utilise our search tool to select a Shaftesbury conveyancing firm on the Barclays Direct member panel, which can often include conveyancing solicitors in Shaftesbury.
I used Action Conveyancing a few years ago for my conveyancing in Shaftesbury. Now, I need my files but the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Shaftesbury of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Just had an offer accepted on a new build apartment in Shaftesbury. Conveyancing is daunting 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.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Shaftesbury
Please confirm the Lease plans are surveyor prepared. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan. 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.
How straightforward is it to use the search app to locate a conveyancing solicitor in Shaftesbury on the approved list for my bank?
1st pick a mortgage company such as Yorkshire Building Society, Coventry Building Society or Aldermore then choose your location a common one being Shaftesbury. Conveyancing organisations in Shaftesbury and nationally will then be shown.
My husband and I are four weeks into a leasehold purchase having been referred to conveyancers by the estate agent to perform conveyancing in Shaftesbury. I am am starting to be dissatisfied with the quality of service. Can you you assist me in finding new lawyers?
They would need to be very bad to suggest diss instructing them. Has the mortgage been issued? In the event that it has you need to inform them of the new conveyancer and get the offer are re-sent. Your new solicitor ideally should be on the mortgage company approved list to avoid escalating costs and frustration. That should be your first question of the new lawyers. Our search tool should assist you in finding a lender approved conveyancer for your home move in Shaftesbury
I am tempted by the attractive purchase price for a couple of flats in Shaftesbury both have about fifty years left on the lease term. Will this present a problem?
There is no doubt about it. A leasehold apartment in Shaftesbury is a wasting asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it reduces the marketability of the premises. For most purchasers and mortgage companies, leases with less than 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Shaftesbury conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I purchased a ground floor flat in Shaftesbury, conveyancing having been completed 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Shaftesbury with over 90 years remaining are worth £186,000. The ground rent is £55 charged once a year. The lease expires on 21st October 2075
You have 52 years remaining on your lease we estimate the price of your lease extension to range between £29,500 and £34,000 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.