My friend's brother is a property lawyer. I hope that I can be offered preferential rates for conveyancing, but if not, what level of fees would I typically be looking at for conveyancing in Exton?
You should compare pricing. Make use of our comparison tool on this page. Whilst prices seem to contrast greatly but service levels do differ between property lawyers as is true with the vast majority of professional services.
We are about to sign contracts for a ground floor flat in Exton. We encountered a stumbling block. Our mortgage offer with Aldermore runs out on 13/4/2026 but the sellers are suggesting a completion date of 15/4/2026. Is it possible to prolong the loan offer?
The best person to deal with your question is your lawyer who is in a position to calculate if he or she is better off negotiating with the lender, vendor’s conveyancers, estate agents or possibly all parties given what has happend in your conveyancing as of today.
I am purchasing a 4 bedroom semi-detached house in Exton. Our aim is to carry out a loft conversion at the property.Will the conveyancing process involve enquiries to determine if these works are allowed?
Your property lawyer should check the registered title as conveyancing in Exton can sometimes reveal restrictions in the title deeds which prevent categories of alterations or require the consent of a 3rd party. Many extensions need local authority planning permissions and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor prior to committing yourself to a purchase.
Is it the case that all Exton solicitor firms on the UBS conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the UBS approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many lenders do list licenced conveyancers on their panel and in that case the practice would be regulated by the CLC.
I was told two weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Exton is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
I need some expedited conveyancing in Exton as I am under an ultimatum to sign on the dotted line in less than 3 weeks. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are are a cash buyer you have the choice not to have searches carried out although no lawyer would suggest that you don't. With lots of history conveyancing in Exton the following are examples of what can crop up and therefore affect market value: Enforcement Notices, Overdue Fees, Outstanding Grants, Unadopted Roads,...
Me and my brother purchased a 4 bedroom Georgian property in Exton. Conveyancing practitioner acted for me and Leeds Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Exton and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing lawyer who conducted the conveyancing.
I am tempted by the attractive purchase price for a couple of flats in Exton which have about fifty years unexpired on the leases. Will this present a problem?
There is no doubt about it. A leasehold flat in Exton is a wasting asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it adversely affects the value of the premises. For most buyers and lenders, leases with less than eighty 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 premises 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 premises 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 Exton 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 any new 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.
Exton Leasehold Conveyancing - Sample of Queries Prior to Purchasing
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Can you tell me if there are any major works anticipated that will add a premium to the maintenance charges? Make sure you discover if there is anything that is prohibited in the lease. For example plenty of leases prohibit pets being allowed in certain buildings in Exton. If you love the propertyin Exton however your dog can’t make the move with you then you have a very hard determination. Who is in charge of the building?