I am due to exchange buying a property in Fenton but as a result of wreckage from the recent storms I have managed to agree recompense from the current proprietors in the sum of £3k taking the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process yet Principality are not allowing this. Should they have been involved?
Any property lawyer that is on a Principality approved list is required to inform Principality of any amendments to the purchase price. If you were to refuse your conveyancing practitioner to disclose the reduction to Principality then they would have to discontinue acting for you. In addition, Principality and you would have to appoint a new property lawyer for your conveyancing in Fenton.
Are the Fenton conveyancing solicitors identified as being on the TSB conveyancing panel, together with their details provided by TSB?
Fenton conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
I had intended to instruct a property lawyer in Fenton for our house move. Our broker informed us that our mortgage company The Mortgage Works won't deal with them. Surely this is unfair competition?
A lender can require an approved solicitor act for it. You would be liable to bear the cost of this. Try using our directory service to get a quote from a solicitor to conduct conveyancing in Fenton on the The Mortgage Works approved list of solicitors.
I am close to exchanging contracts on the sale of our home in Fenton and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any high street Fenton lawyer would know that there is no such problem. It does beg the question why the purchasers are using a web based conveyancing outfit as opposed to a conveyancing solicitor in Fenton. Having lived in Fenton for 5 years we know of no issue. Is it a good idea to contact our local Authority to seek clarification need.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am looking for a leasehold apartment up to £235,500 and found one close by in Fenton I like with a park and station nearby, however it's only got 49 remaining years left on the lease. I can't really find anything else in Fenton suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I'm refinancing my existing house to a buy to let loan with Yorkshire Building Society and intend to use the remaining equity towards a second house. The neighborhood we are talking about is Fenton. Will your lawyers be able to act for both sets of lenders and link together the transactions?
Make use of our comparison tool on this site to ensure that the lawyers are approved by both banks. Assuming that they are your lawyer will be able to connect the two transactions but you should talk with you conveyancer and make apparent your expectations and needs.