Is there a reason why leasehold purchase conveyancing in Weymouth is more expensive?
Weymouth leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I'm the only recipient of my late mum's will with all property in now in my sole name, including the house in Weymouth. The Weymouth property was put into my name in July. I want to move. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship may be treated the same way as if I'd bought the house in July. Is the property unsalable for six months?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. Some lenders would take a sensible view as this provision is chiefly there to capture subsales or the quick reselling of property.
My wife and I have arranged a further advance on our home loan from Principality as we want to carry out a loft conversion to our house in Weymouth. Do we need to choose a bricks and mortar Weymouth solicitor on the Principality conveyancing panel to deal with the legals?
Principality would not normally instruct firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Principality conveyancing panel.
I am due to exchange contracts on my flat. I had a double glazing fitted in March 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Coventry BS are being pedantic. The Weymouth solicitor who is on the Coventry BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Coventry BS are requiring a building regulation certificate. Why do Coventry BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Coventry BS have referred the matter to their valuer. The reason why Coventry BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I used Stirling Law a few years past for my conveyancing in Weymouth. Now, I need the files however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing 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 Weymouth of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a flat up to £195,000 and identified one near me in Weymouth I like with open areas and station in the vicinity, the downside is that it only has 49 years unexpired on the lease. There is not much else in Weymouth in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
In what way does the Landlord & Tenant Act 1954 impact my business property in Weymouth and how can you help?
The particular law that you refer to provides a safeguard to commercial leaseholders, giving them the right to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Weymouth
I am four weeks into a residential purchase having been recommend to a firm by the estate agent to carry out the conveyancing in Weymouth. I am am extremely disappointed with the quality of service. Could you you assist me in finding new solicitors?
A lawyer would have to be really poor in order to consider diss instructing them. Has your mortgage been sent? In the event that it has you will need to advise them of the replacement conveyancer and ensure the loan are issued to the new lawyers. The solicitor ideally should be on the mortgage company panel to avoid added expenses and frustration. So that should be your starting point. Our search tool should help you find a lender approved solicitor for your conveyancing in Weymouth