I am in the market for a low cost property lawyer. Do I opt for a web based conveyancer as opposed to a high street Killay conveyancing lawyer?
In the main conveyancing solicitors in your location will enjoy good connections with your local authority, which can assist with your Killay conveyancing searches that your lawyer will inevitably need. It can only assist if they enjoy good connections with the Land Registry overseeing your area Killay, other lawyers in the location and Killay Estate Agents.
After weeks of negotiation I have agreed a price on an apartment in Killay. My financial adviser suggested a solicitor. I paid an advanced payment of £150. A couple of days later, the conveyancer contacted me embarrassingly acknowledging that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
HSBC have agreed my mortgage in principle, my offer on a apartment in Killay has been agreed to, what are the next steps?
The property agent will need to know who your solicitors are (ensure that the property lawyers are on the lender’s panel). Call up HSBC or the financial adviser and finish off any appropriate forms. HSBC will instruct a valuer who will get in contact with the estate agent or owners to book a slot for the valuation to occur. Once conducted (assuming no problems) it takes approximately a week to get a mortgage offer. HSBC will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Killay.
Our offer on a property in Killay has been accepted, the owners do however have a tied purchase. The sellers have placed an offer on a flat, however it’s not yet agreed to, and have viewings of other flats booked. I have instructed a high street conveyancing solicitor in Killay. What should be my next step? At what stage do I apply for the mortgage with HSBC?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx £1k, then survey, Killay conveyancing search fees, etc). The first thing to do is ensure that your property lawyer is on the HSBC approved list. Concerning the subsequent steps this very much depends on the circumstances of your case, desire for the property and on the state of the market. During a rising market many home buyers will apply for a home loan with HSBC and pay for the valuation and only if it was satisfactory would they pay their property lawyer to move forward with searches.
I require quick conveyancing in Killay as I am faced with pressure to sign on the dotted line within one month. Fortunately I do not need a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
If.Given you are not getting a mortgage you have the choice not to do searches although no law firm would recommend that you don't. With lots of history conveyancing in Killay the following are examples of what can show up and therefore impact future mortgageability: Enforcement Actions, Overdue Charges, Outstanding Grants, Road Schemes,...
I have been on the look out for a ground for flat up to £235,500 and identified one close by in Killay I like with amenity areas and railway links in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Killay for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Is it simple use the search facility to locate a conveyancing solicitor in Killay on the approved list for my mortgage?
1st choose a bank such as National Westminster Bank, Skipton Building Society or Godiva Mortgages Ltd then choose your location e.g. Killay. Conveyancing organisations in Killay and further afield should be shown.
We expect to complete our sale of a £425,000 flat in Killay on Friday in a week. The landlords agents has quoted £396 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge such fees for a leasehold conveyance in Killay?
Killay conveyancing on leasehold maisonettes usually necessitates the buyer’s conveyancer sending enquiries for the landlord to address. Although the landlord is under no legal obligation to answer such questions most will be willing to do so. They are entitled to levy a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is £350, in some situations it is in excess of £800. The management information fee levied by the landlord must be sent together with a synopsis of entitlements and obligations in relation to administration fees, otherwise the charge is technically not due. Reality however dictates that you have little choice but to pay whatever is demanded if you want to sell the property.
I invested in buying a ground floor flat in Killay, conveyancing formalities finalised June 1995. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Killay with over 90 years remaining are worth £255,000. The average or mid-range amount of ground rent is £45 per annum. The lease ends on 21st October 2098
With just 73 years unexpired the likely cost is going to be between £8,600 and £9,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.