We note that you have a search directory listing firms on the Aldermore conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Fordingbridge?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Fordingbridge.
I need some fast conveyancing in Fordingbridge as I have a deadline to sign on the dotted line within 3 weeks. Thankfully I do not need a mortgage. Can I avoid the conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you have the choice not to do searches although no conveyancer would advise that you don't. With plenty of history conveyancing in Fordingbridge the following are instances of issues that can arise and therefore impact market value: Refused Planning Applications, Outstanding Fees, Overdue Grants, Railway Schemes,...
It has been 4 months since my purchase conveyancing in Fordingbridge concluded. I have checked the Land Registry website which shows that I paid £175,000 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.
I am looking for a flat up to £195,000 and identified one round the corner in Fordingbridge I like with open areas and railway links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Fordingbridge suitable, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage the remaining unexpired lease term will be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable price which is making it all the more appealing. I have since discovered that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Fordingbridge. Conveyancing lawyers have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Fordingbridge ?
Most houses in Fordingbridge are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. It is clear that you are buying in Fordingbridge so you should seriously consider looking for a Fordingbridge conveyancing solicitor and check that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’spermission to carry out changes to the property. You may also be required to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your lawyer will appraise you on the various issues.
Fordingbridge Conveyancing for Leasehold Flats - Examples of Questions you should consider before buying
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Are any of leasehold owners in arrears of their service charge liability? Most Fordingbridge leasehold apartments will have a service charge for the upkeep of the building invoiced by the landlord. If you buy the apartment you will have to pay this amount, usually quarterly throughout the year. This may be anything from two or three hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. There will also be a ground rent for you to pay annual, normally this is not a significant sum, say approximately £50-£100 but you should to check it because sometimes it can be many hundreds of pounds. Is anyone aware of any major works on the horizon that will likely increase the maintenance costs?
My husband and I are planning to purchase a three room flatin Fordingbridge with a loan from a mortgage company. We like our lawyer in Fordingbridge but our bank inform us now that she’s not approved on their "panel". It seems we have little choice but to instruct from the our lender panel solicitors or stay with our Fordingbridge solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that our mortgage company use our Fordingbridge lawyer?
Unfortunately,no. The mortgage company mortgage issued is subject to its terms and conditions, one of which will be that solicitors will on the bank's conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels, including most conveyancing solicitors in Fordingbridge : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for your lender.