I instructed a local solicitor for my conveyancing in Whetstone last week. Upon checking the Terms I seeI am responsible for charges even if the dealfalls through. Would I be best advised to use a web based lawyer who offer no completion no charge conveyancing in Whetstone?
Generally there is a compromise along the lines that if "No Sale No Fee" is available then the fee levels will tend to be be higher to offset those conveyances that abort. Also remember that these schemes rarely cover expenditure e.g. Whetstone conveyancing search fees.
Our solicitor has discovered a defect with the lease for the apartment we are buying in Whetstone. The seller’s lawyers have offered title insurance as a solution. We are content with insurance and will pay for it. Our conveyancing practitioner says that he must ensure that the mortgage company is content with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your property lawyer must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
Me and my brother have a renovated Georgian house in Whetstone. Conveyancing solicitor represented me and TSB. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the matching property. Is it worth asking TSB to clarify?
You need to assess 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 Whetstone and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing lawyer who conducted the purchase.
I am looking for a ground for flat up to £235,500 and identified one near me in Whetstone I like with a park and transport links in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Whetstone in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage that many years may be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I need to instruct a conveyancing solicitor for sale conveyancing in Whetstone. I've chance upon a web site which seems to have the perfect solution If it is possible to get all formalities completed via email that would be ideal. Should I be concerned? 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?
Been searching for a solicitor for leasehold sale conveyancing in Whetstone. We are selling, uncomplicated no mortgage to discharge, no hurry, no onward purchase. Got a quote from a conveyancing practitioner for £1000 excluding VAT which is a tad expensive considering its so straightforward. Can I pay less for conveyancing in Whetstone?
As it’s a sale only, 475 + VAT is likely to be about the cheapest for sale conveyancing in Whetstone.