Having been referred to your service we were about to go ahead with a conveyancing solicitor in Ellesmere endorsed by you but have come across alternative fee calculations via the web seem cheaper – why is this?
There are a variety of solicitors offering theoretically looks to be cut price. Our advice is to think twice about how important this transaction is to you that want to be penny wise pound foolish over the standard of the conveyancing. Some hide additional charges deep into the terms of business. The solicitors that we put forward for conveyancing in Ellesmere neverbehave this way.
Completed the sale of my flat in Ellesmere last April but the buyer keeps calling daily to say their conveyancer is waiting to hear from mine. What should have happened following completion?
Following your sale your solicitor is committed to forward the transfer documentation and all supplemental paperwork to the purchaser's solicitors. If applicable, your lawyer must also confirm that the legal charge in favour of the lender has been paid off to the purchasers lawyers. There are no post completion tasks peculiar conveyancing in Ellesmere.
My wife and I are purchasing a house in Ellesmere. I might seem paranoid but how we can trust a solicitor? At some point we have to put funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to mortgage companies such as Kent Reliance, do Ellesmere conveyancing practitioners incur a fee to be on the list of approved solicitors?
We are not aware of any bank fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
My sealed bid on a semi in Ellesmere has been agreed to, but there is a chain. The sellers have placed an offer on somewhere, however it’s not yet agreed to, and are looking at other properties in the pipeline. I have chosen a nearby conveyancing solicitor in Ellesmere. What do I do now? At what stage should I apply for the mortgage with TSB?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then valuation, Ellesmere conveyancing search charges, etc). First, you must check that your conveyancing practitioner is on the TSB approved list. Regarding the next steps this very much dictated by the uniqueness of your case, motivation for this property and on the state of the market. During a buoyant market some home buyers would apply for the mortgage with TSB and arrange for the valuation and only if it was satisfactory would they ask their lawyer to press on with searches.
2 months have gone by since my purchase conveyancing in Ellesmere took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in Ellesmere. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Ellesmere
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are architect prepared.
I am looking for a flat up to £195,000 and found one near me in Ellesmere I like with amenity areas and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Ellesmere in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the shortness of the lease may be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.