Can your site be used to recommend a Conveyancing solicitor in Faringdon even if I’m not buying or disposing of a house, for instance where I wish to buy a shop in Faringdon with a mortgage from Alliance & Leicester ?
Our comparison service is mainly used to help choose domestic conveyancing solicitors in Faringdon but we have set out at the bottom of this page some Faringdon commercial conveyancing firms. You should enquire with the company directly to see if they can also act for Alliance & Leicester
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Faringdon?
There are many registered licenced Conveyancers in Faringdon and Solicitor practices in Faringdon who provide Conveyancing services It is important to make clear that the two are regulated professionals specialising in the legal aspects of the home buying process. The two can deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Faringdon building society branch on numerous occasions and was told it wasn't an issue and they will lend. My Faringdon conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they will not lend in accordance with their specific requirements. I have no idea who is right.
Your lawyer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am selling my house. I had a double glazing fitted in December 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Virgin Money are being pedantic. The Faringdon solicitor who is on the Virgin Money conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Virgin Money are requiring a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
It has been three months since my purchase conveyancing in Faringdon completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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.
How does conveyancing in Faringdon differ for new build properties?
Most buyers of new build property in Faringdon approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is completed. This is because builders in Faringdon tend to 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 conveyancers 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 accustomed to new build conveyancing in Faringdon or who has acted in the same development.
Are there any apps to assist me to locate a Faringdon law firm on the Alliance & Leicester conveyancing panel? I have wheels and am willing to travel upto 25kilometers to meet the lawyer.
You can use the facility on this website. Please pick a mortgage company and your location and you will see a number of Faringdon conveyancing lawyers located nearest you. We have detailed some Faringdon conveyancing firms at the bottom of this page and you can telephone them to see if they are on the Alliance & Leicester panel
I work for a busy estate agent office in Faringdon where we see a few leasehold sales put at risk due to leases having less than 80 years remaining. I have been given inconsistent advice from local Faringdon conveyancing firms. Please can you clarify whether the vendor of a flat can start the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Faringdon Conveyancing for Leasehold Flats - Examples of Questions you should ask before buying
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Who is in charge of the block? For most Faringdon leaseholds the outlay for major works are not included within service charges, albeit that a few managing agents in Faringdon obliged leaseholders to contribute towards a sinking fund created for the specific purpose of building a fund for major repairs or maintenance. Most Faringdon leasehold properties will be liable to pay a service charge for the upkeep of the building invoiced on behalf of the management company. Should you acquire the apartment you will have to meet this amount, usually periodically throughout the year. This can differ from two or three hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all likelihood there will be a ground rent for you to pay annual, ordinarily this is not a exorbitant sum, say about £50-£100 but you need to enquire as sometimes it could be surprisingly expensive.