I am buying a garden flat in Hertfordshire. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Hertfordshire you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Hertfordshire.
I require fast conveyancing in Hertfordshire as I am under an ultimatum to exchange contracts within one month. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
As you are are a mortgage free purchaser you are at free not to have searches carried out although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Hertfordshire the following are examples of what can be revealed and therefore affect future saleability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Unadopted Roads,...
I'm converting the mortgage on my existing home to a BTL mortgage with Barclays Direct and I will use the ballance of the raised equity towards further house. The neighborhood we are talking about is Hertfordshire. Will your lawyers be able to act for both sets of banks and link together the two deals?
Make use of our comparison tool on this page to be sure that the conveyancers are on the appropriate lender panels. Having checked that they are your lawyer should be able to tie up the two deals but you should have a chat with you conveyancer and make apparent your expectations and requirements.
My husband and I are first time buyers - had an offer accepted, but the selling agent advised that the vendor will only proceed if we appoint their recommended solicitors as they need a ‘quick sale’. We would rather use a high street conveyancer who is familiar with conveyancing in Hertfordshire
We suspect that the seller is unaware of this request. If they desire ‘a quick sale', alienating a genuine purchaser is is going to put the whole deal at risk. Speak to the owners direct and make the point that (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to use your preferred Hertfordshire conveyancing firm - not the ones that will give the estate agent a commission or achieve conveyancing figures demanded by corporate headquarters.
I am a negotiator for a long established estate agency in Hertfordshire where we have witnessed a few leasehold sales derailed as a result of short leases. I have been given contradictory information from local Hertfordshire conveyancing solicitors. Could you shed some light as to whether the vendor of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
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. The benefit of this is that the buyer 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 needs to be completed before, or at the same time as completion of the sale.
An alternative approach is 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.
Hertfordshire Leasehold Conveyancing - Examples of Queries Prior to Purchasing
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Be sure to discover if there is anything that is prohibited in the lease. For example it is very common in Hertfordshire leases that pets are not permitted in in a block in Hertfordshire. If you like the apartmentin Hertfordshire yet your cat can’t live with you then you will be faced difficult decision. Is there a share of the freehold? What is the the remaining lease term?
I have recently placed an offer on a leasehold flat in Hertfordshire and the estate agent that we are using recommended his conveyancer. He quoted a thousand pounds including VAT and 3rd party costs. Does this sound steep?
You should not rely on one quote. You should seek like-for-like quotes for your conveyancing in Hertfordshire. Then choose one that you are comfortable with and just as important, is on the approved list of the mortgage company that you are sourcing your mortgage from.