I am due to exchange on the purchase of a property in Eccleston and St Helens but as a result of wreckage from some water damage at the property I have was able negotiate recompense from the current proprietors of £3k taking the form of a reduction in the price. This was going to be addressed as part of a side agreement however Barclays are not allowing this. Why were they approached?
Your solicitor being on the Barclays approved list is obliged to advise Barclays of any amendments to the purchase price. If you were to refuse your property lawyer to disclose the price change to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new lawyer for your conveyancing in Eccleston and St Helens.
We see that you have a search directory listing law firms on the Clydesdale conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Eccleston and St Helens?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Eccleston and St Helens.
We are planning to purchase with Coventry BS. We have called around locally but am unable to find a Eccleston and St Helens conveyancing firm on the Coventry BS approved list. Please you help?
Feel free to make use of the find a lender approved solicitor tool on this site. Pick the mortgage company and type Eccleston and St Helens or your preferred area and you will be presented with numerous solicitors offices in Eccleston and St Helens or nearest you.
Will my solicitor be asking questions concerning flooding during the conveyancing in Eccleston and St Helens.
Flooding is a growing risk for solicitors carrying out conveyancing in Eccleston and St Helens. There are those who purchase a property in Eccleston and St Helens, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, but there are a number of searches that can be initiated by the purchaser or by their solicitors which will give them a better understanding of the risks in Eccleston and St Helens. The standard completed inquiry forms supplied to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the owner to find out if the premises has suffered from flooding. In the event that the property has been flooded in past which is not disclosed by the owner, then a purchaser may bring a legal claim for losses as a result of such an misleading response. A purchaser’s conveyancers should also carry out an environmental report. This should disclose whether there is any known flood risk. If so, additional inquiries should be conducted.
Expecting to exchange soon on a ground floor flat in Eccleston and St Helens. Conveyancing solicitors assured me that they report fully on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Eccleston and St Helens should include some of the following:
-
The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Are pets allowed in the flat? Does the lease require carpeting throughout thus preventing wood flooring? Additions to the flat Responsibility for repairing the window frames
I purchased a split level flat in Eccleston and St Helens, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Eccleston and St Helens with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 yearly. The lease comes to an end on 21st October 2094
With only 69 years unexpired the likely cost is going to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.
Is there a reason that Eccleston and St Helens conveyancing charges are more expensive for leasehold and freehold properties?
If acquiring a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control