Is there a reason why leasehold purchase conveyancing in Shortlands is more expensive?
In short, leasehold conveyancing in Shortlands and elsewhere usually involve extra due diligence compared to freehold transactions. This includes reviewing the lease, liaising with the landlord concerning the service of required notices, securing current service charge and management information, procuring the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first granted.
I am considering mortgaging my home in Shortlands, does my lawyer have to be on the Bank of Ireland Solicitor panel?
There is nothing to stop you using your solicitor, but Bank of Ireland will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
My partner and I have arranged the release of further funds on our home loan from RBS as we want to conduct renovations to our home in Shortlands. Do we need to select a nearby Shortlands solicitor on the RBS conveyancing panel to handle the paperwork?
RBS do not ordinarily appoint firms on their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the RBS panel.
After weeks of negotiation I have agreed a price on a house in Shortlands. My financial adviser pressured me to appoint their conveyancer. I paid an on account payment of £150. A couple of days later, the conveyancing practitioner called me embarrassingly acknowledging that they were not on the Bank of Ireland 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 Bank of Ireland 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.
RBS have agreed my mortgage in principle, my bid on a apartment in Shortlands has been agreed to, what happens next?
Your estate agent will wish to be informed of your conveyancing practitioner's details (be sure the conveyancing practitioners are on the lender’s panel). Contact RBS or the financial adviser and complete any relevant documentation. RBS will sellect a valuer who will get in contact with the estate agent or seller to arrange a time for the valuation to occur. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. RBS will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Shortlands.
My wife and I purchased a renovated Edwardian house in Shortlands. Conveyancing lawyer represented me and TSB. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Shortlands and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with your conveyancing lawyer who conducted the conveyancing.
My husband and I are 3 weeks into a leasehold purchase having been referred to a firm by the local agent to carry out the conveyancing in Shortlands. I am am very disappointed with the quality of service. Could you help me find new conveyancers?
They would have to be really bad in order to consider changing them. Has your mortgage been sent? If so you will need to make them aware of the new contact details and have the offer are issued to the new lawyers. The conveyancer needs to be on the banks approved list to avoid supplemental charges and complications. So that should be your starting point. Our search tool should help you find a bank approved conveyancer for your conveyancing in Shortlands
Me and my wife are purchasing a leasehold property in Shortlands. Conveyancing quotes are averaging around £1700. Does that seem right?
The average fee in 2014 for conveyancing in Shortlands was just under one thousand five hundred pounds excluding SDLT and Land Registry fees.