We are purchasing a 2 bedroom flat in Dorchester On Thames with a mortgage. We wish to retain our Dorchester On Thames solicitor, however the lender says he's not on their "panel". We have to appoint one of the bank panel solicitors or retain our Dorchester On Thames property lawyer as well as pay for one of their panel firms to act for them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Dorchester On Thames conveyancing lawyer to apply to be on the conveyancing panel.
I used Stirling Law several years ago for my conveyancing in Dorchester On Thames. I now require my papers but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate 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 Dorchester On Thames of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Dorchester On Thames differ for newly converted properties?
Most buyers of new build or newly converted property in Dorchester On Thames contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is built. This is because developers in Dorchester On Thames 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 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 Dorchester On Thames or who has acted in the same development.
My company is hoping to take an assignment of a lease of an office on the high street. Can you recommend lawyers offering no-sale-no fees for commercial conveyancing in Dorchester On Thames for less than 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Dorchester On Thames, including the disposal and purchase of businesses as well as simply property. Whether you are intending to purchase or lease a shop, pub, restaurant, office, retail premises or a whole business we can find you the right solicitor. As for the fees this will depend on the structure and complexity of the deal. Let us have your details or phone so as to enable us to provide you with a detailed commercial conveyancing calculation.
What advice can you give us when it comes to choosing a Dorchester On Thames conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a conveyancer for lease extension works (regardless if they are a Dorchester On Thames conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Dorchester On Thames conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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How experienced is the firm with lease extension legislation? How many lease extensions has the firm conducted in Dorchester On Thames in the last 12 months?
I own a split level flat in Dorchester On Thames, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Dorchester On Thames with a long lease are worth £180,000. The ground rent is £65 per annum. The lease ceases on 21st October 2084
With 59 years remaining on your lease we estimate the premium for your lease extension to be between £20,900 and £24,200 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
What can I do to establish who owns a house in Dorchester On Thames?
As long as the premises is registered with the Land Registry, and you have the specifics of the location of the premises, you will be able to obtain details from the HM Land Registry of the recorded owner for a for less than a fiver.