Unfortunately I am unable to travel far from Alton. What is the rationale as to why all Alton solicitors aren't included on all mortgage company panels?
Banks point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The dismissal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. It led to mortgage companies removing less reputable firms off their books of approved conveyancers .
Can I use your services to recommend a Conveyancing solicitor in Alton even if I’m not buying or selling a house, for instance if I want to acquire a shop in Alton with a mortgage from Virgin Money?
Our comparison service is predominantly utilised to select residential conveyancing solicitors in Alton but we have recorded towards the end of this page a few Alton commercial conveyancing firms. You should enquire with the firm directly to see if they can also act for Virgin Money
My Solicitor in Alton is not listed on the Yorkshire Building Society Solicitor Panel. Can I still use my family solicitor notwithstanding that they are excluded from the Yorkshire Building Society list of approved lawyers?
Your options are as follows:
- Complete the purchase with your preferred Alton lawyers but Yorkshire Building Society will need to retain a solicitor on their panel. This will inevitably rack up the overall legal fees as well as cause frustration.
- Get an alternative lawyer to to deal with the purchase, remembering to check they are Yorkshire Building Society approved.
- Persuade your Yorkshire Building Society based solicitor to attempt to join the Yorkshire Building Society panel
How does conveyancing in Alton differ for newly converted properties?
Most buyers of new build residence in Alton approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Alton tend to buy the land, 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 conveyancing solicitors 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 used to new build conveyancing in Alton or who has acted in the same development.
Having had my offer accepted I require leasehold conveyancing in Alton. Before diving in I would like to find out the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Alton - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a garden flat in Alton, conveyancing was carried out 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Alton with over 90 years remaining are worth £180,000. The ground rent is £65 invoiced annually. The lease runs out on 21st October 2083
You have 58 years unexpired we estimate the price of your lease extension to be between £22,800 and £26,400 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.
We are in the throes of selling our flat in Alton. Conveyancing solicitors are doing their job but we are being charged an extortionate amount from the landlord. So far we have paid £250 for a leasehold management information and then another £117.20 for answers to questions supplied by the purchaser's solicitor.
Your solicitor will unlikely have any say over the extent of the charges for this information however the average costs for the information for Alton leasehold premises is £360. For Alton conveyancing transactions it is usual for the seller to cover the charges. The freeholder or their agents are not duty bound to address these questions most will agree to do so - albeit often at exorbitant prices disproportionate to the work involved. Regretfully there is no legislation that requires fixed fees for administrative tasks. There is no prescriptive time frame by which they are obliged to provide answers.