I plan on buying a maisonette in Dunnington. My Solicitor is not on the mortgage company conveyancing list. Is it possible for me to appoint my Dunnington conveyancing solicitor even though they are not on the lender panel of approved conveyancing solicitors?
You have a couple of options open to you here
- Complete the purchase with your preferred Dunnington solicitor but your lender will need to appoint a conveyancer on their approved panel. The net result is additional charges and likely frustration.
- Get a new conveyancing practitioner to act in the purchase, making sure they are on the lender conveyancing panel.
- Appeal to your lawyer to seek to join the bank panel
My lender has recommended a law firm on their panel based in Dunnington but I would rather use a conveyancing lawyer in Dunnington or nearer to where I live. Are you able to help?
It is by no means the case that all Dunnington conveyancing firms are on all lender’s conveyancing panel. Use our search tool to identify a Dunnington conveyancing conveyancer on the on the lender panel.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Dunnington is the location of the property. Is there any advice you can give?
Flying freeholds in Dunnington are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Dunnington you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Dunnington may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How difficult is it to transfer to a new conveyancer as I need to retain a firm on the Britannia conveyancing list. I hired a local conveyancing solicitor in Dunnington five minutes from me but he is not accepted by Britannia
We will our best to assist in finding you a conveyancing solicitor in Dunnington on the Britannia panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Dunnington. In utilising the find a conveyancing solicitor tool on this page, you can contrast charges for conveyancing solicitors in Dunnington and beyond.
My husband and I are FTB’s - agreed a price, but the estate agent informed us that the owners will only issue a contract if we use their recommended conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in Dunnington
It is unlikely the owners are driving this. If they require ‘a quick sale', alienating a genuine buyer is counter productive. Speak to the owners direct and make sure they understand (a)you are serious buyers (b)you are ready to go, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you will continue to instruct your own,trusted Dunnington conveyancing firm - not the ones that will give their negotiator at the agency a introducer fee or achieve conveyancing figures demanded by HQ.
I am attracted to a two apartments in Dunnington which have approximately fifty years remaining on the leases. Will this present a problem?
There is no doubt about it. A leasehold flat in Dunnington is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it reduces the marketability of the property. For most buyers and lenders, leases with less than 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Dunnington conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Dunnington Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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This question is useful as a) areas could cause problems for the building as the common areas may start to deteriorate if repairs remain unpaid b) if the leaseholders have an issue with the running of the building you will wish to have complete disclosure How many years are left on the lease? Are any of leasehold owners in arrears of their service charge liability?