Recently contacted my conveyancing solicitor in Shaftesbury who acted for me two years ago asking for a conveyancing estimate based on an identical type of home move (a leasehold residence and a freehold premises) of almost identical values with a mortgage from Barnsley Building Society. I am now being charged twice the amount. Am I right to be tempted to shop around for an alternative firm of conveyancing solicitor?
The costs illustration is slightly on the steep side. If you are prepared to spend time comparing costs you may be able to get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, if you were satisfied with the conveyancing the firm offered you mightcome to rue opting for an a cheaper lawyer. If is important to ensure that the conveyancer can represent Barnsley Building Society. Do use our search tool to find a Shaftesbury conveyancing firm on the Barnsley Building Society member panel, which can often include conveyancing solicitors in Shaftesbury.
I opted to have a survey completed on a property in Shaftesbury before retaining conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some banks will refuse to issue a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Shaftesbury. Conveyancing will be smoother if you use a solicitor in Shaftesbury especially if they are accustomed to such properties in Shaftesbury.
I have been recommended by numerous selling agents in Shaftesbury to find a solicitor on your site. What’s the financial advantage for Estate Agents to promote your lawyers over and above a competitor’s?
We don’t give any referral fee for pointing buyers and sellers our way. We found it would be just too difficult a fee as home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
My brother has urged me to use his lawyers for conveyancing in Shaftesbury. Should I use them?
Much as we are happy to recommend a Shaftesbury conveyancing lawyer the best way to select a conveyancing practitioner is to get referrals from friends or family who have previously instructed the firm you're considering.
I am attracted to a couple of maisonettes in Shaftesbury both have about fifty years left on the lease term. Should I regard a short lease as a deal breaker?
There is no doubt about it. A leasehold flat in Shaftesbury is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it adversely affects the salability of the premises. The majority of buyers and lenders, leases with less than eighty 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 premises 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. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed 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.
Shaftesbury Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
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Are there any major works in the planning that will add a premium to the service charges? How long is the Lease? Make sure you enquire if there is anything that is prohibited in the lease. For instance it is reasonably common in Shaftesbury leases that pets are not allowed in certain buildings in Shaftesbury. If you love the apartmentin Shaftesbury yet your cat can’t live with you then you have a very hard compromise.
Me and myhusband and I are searching for an affordable conveyancing solicitor in Shaftesbury to purchase a apartment. I I am concerned about by bill escalating out of control and there's plenty Shaftesbury conveyancing practices to pick from...who's the best?
To get quotes for your move from the conveyancing firms that provide services in Shaftesbury please make the most of our quote tool.