Recently been in touch with my conveyancing solicitor in Kinver who acted for me 18 months ago requesting a conveyancing quote based on the same type of house move (a leasehold residence and a freehold premises) of almost identical values with a home loan from The Mortgage Works. It looks as though am now being charged twice the amount. Am I right to be tempted to shop around for a cheaper internet conveyancer?
The charges appear a bit high. If you you were to look around you might get the conveyancing a bit cheaper by say £125. That being said, assuming were satisfied with the assistance the firm provided you mightcome to regret choosing an an untested solicitor. Don't forget to enquire that the firm can represent The Mortgage Works. You can utilise our search tool to select a Kinver conveyancing firm on the The Mortgage Works conveyancing panel, which can often include conveyancing solicitors in Kinver.
My wife and I are soon to complete on the purchase of a property in Kinver but as a consequence of wreckage from a small fire at the property I have was able negotiate recompense from the current proprietors of six thousand pounds taking the form of a reduction in the price. This was going to be dealt with as part of amending the contract however Aldermore will not permit this. Why were they involved?
The lawyer that is on the Aldermore approved list is duty bound to disclose to Aldermore of any amendments to the sale price. If you were to refuse your solicitor to disclose the reduction to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new conveyancing practitioner for your conveyancing in Kinver.
I opted to have a survey carried out on a house in Kinver before retaining lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some lenders tend refuse to issue a loan on this type of home.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kinver. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kinver to see if the conveyancing costs will increase in light of this.
My father has suggested that I instruct his conveyancing solicitors in Kinver. Should I use them?
No doubt it’s preferable to find a conveyancing practitioner is to have referrals from friends or relatives who have previously instructed the solicitor that you are contemplating using.
I am employed by a long established estate agent office in Kinver where we have experienced a number of flat sales put at risk as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Kinver conveyancing solicitors. Please can you shed some light as to whether the vendor of a flat can commence the lease extension process for the purchaser on completion of the sale?
As long as 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. This means that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
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.
Kinver Leasehold Conveyancing - Examples of Queries Prior to buying
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Does the lease have onerous restrictions? How long is the Lease? On the whole the outlay for major works are not incorporated into the service charges, albeit that there some managing agents in Kinver require leasehold owners to pay into a reserve fund and this is used to offset against larger works.
Much to my surprise my property lawyer in Kinver has requested from me identification documents stating that this is part of his obligations as a solicitor on the bank Conveyancing panel. Am I being spun a yarn?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the lender. This is not unique to conveyancing in Kinver