I can't travel far from Hartburn. What is the rationale as to why all Hartburn conveyancers are not on all mortgage company panels?
As inequitable as it may appear for banks to restrict who can act for them, from the public’s or solicitor’s perspective, the flip side is that lenders are increasingly anxious and feel it crucial to defend themselves against illegal activities. As a consequence of this concern mortgage companies are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
Do I have to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Hartburn so that I can pop in to their offices if required.
As opposed to 15 years ago, the vast majority mortgage companies no longer require their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to supply ID documents and there are still manifest advantages to using a locally based practitioner, in your case a conveyancing solicitor in Hartburn.
I purchased my apartment on 9 May and my personal details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Hartburn said it should be recorded in less than a month. Are titles in Hartburn particularly slow to register?
There is nothing unique when it comes to conveyancing in Hartburn registration formalities. Rather than based on location, timescales can differ subject to the party submitting the application, whether it is in order and if the Land registry communicate with any 3rd persons or bodies. As of today in the region of three quarters of submission are completed in less than three weeks but occasionally there can be protracted delays. Registration takes place after the new owner has moved in to the premises therefore an expedited registration is not typically primary concern yet if there is a degree of urgency associated with the registration then you or your conveyancer could contact the land registry and explain the circumstances.
I have been advised by a few property agents in Hartburn to get a quote from a solicitor on your site. Is there a financial upside for Estate Agents to market your lawyers over a competitor’s?
We don’t make any commission for directing people our way. We thought it would be too underhand to pay a commission because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Last October I purchased a leasehold property in Hartburn. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a basement flat in Hartburn, conveyancing was carried out July 2006. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Hartburn with over 90 years remaining are worth £180,000. The ground rent is £65 levied per year. The lease terminates on 21st October 2084
You have 59 years left to run we estimate the premium for your lease extension to be between £20,900 and £24,200 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.
What type of premises does your Hartburn conveyancing quotes apply to?
The quotes issued are only relevant to standard domestic premises in England & Wales. If you have any different requirements for example industrial or agricultural land or commercial conveyancing in Hartburn do telephone us to consider this further .