Can the conveyancing solicitors that you recommend perform right to buy conveyancing in Stanford Le Hope?
We work with a variety of conveyancing specialists carrying out right to buy transactions Do call the solicitors listed with a view to secure a costs illustration.
We're in Stanford Le Hope, First timers buying with a mortgage (lender is Nationwide , and our solicitor is on the Nationwide conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nationwide conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
is it true that all Stanford Le Hope solicitor firms on the UBS conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the UBS conveyancing panel they would need to be regulated by the SRA. Some lenders do permit licenced conveyancers on their panel in which case such firms would be overseen by the Council of Licensed Conveyancers.
I recently had an offer accepted on an apartment in Stanford Le Hope. My mortgage broker suggested a conveyancing practitioner. I paid an upfront payment of £200. A few days later, the conveyancing practitioner contacted me to say that they were not on the Yorkshire BS 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 Yorkshire BS 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.
About to purchase apartment in Stanford Le Hope. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Stanford Le Hope solicitor is on the Leeds Building Society conveyancing panel.
How does conveyancing in Stanford Le Hope differ for new build properties?
Most buyers of new build residence in Stanford Le Hope approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Stanford Le Hope typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Stanford Le Hope or who has acted in the same development.
I need to appoint a conveyancing solicitor for my conveyancing in Stanford Le Hope. I've stumble across a site which appears to be the perfect solution If there is a chance to get all this stuff done via phone that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a reasonable price which is making it all the more appealing. I have since been informed that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Stanford Le Hope. Conveyancing solicitors have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Stanford Le Hope ?
The majority of houses in Stanford Le Hope are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in Stanford Le Hope so you should seriously consider shopping around for a Stanford Le Hope conveyancing solicitor and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’spermission to conduct changes to the property. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the property is part of an estate. Your lawyer will advise you fully on all the issues.
I own a 1st floor flat in Stanford Le Hope, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Equivalent flats in Stanford Le Hope with over 90 years remaining are worth £186,000. The ground rent is £55 levied per year. The lease finishes on 21st October 2073
With 53 years remaining on your lease we estimate the price of your lease extension to range between £27,600 and £31,800 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.