My property lawyer in Langport is not on the Britannia Approved Panel. Can I still use my family solicitor even though they are not on the Britannia list of approved lawyers?
The limited options open to you here include:
- Carry on with your existing Langport solicitors but Britannia will need to instruct a conveyancer on their list of acceptable firms. This will inevitably rack up the overall conveyancing fees as well as cause frustration.
- Choose an alternative practitioner to act in the purchase, obviously checking they are on the Britannia panel
Will my conveyancer be making enquiries regarding flooding during the conveyancing in Langport.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Langport. Plenty of people will purchase a property in Langport, completely aware that at some time, it may suffer from flooding. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Lawyers are not qualified to give advice on flood risk, however there are a numerous checks that may be undertaken by the buyer or on a buyer’s behalf which should give them a better understanding of the risks in Langport. The conventional set of property information forms given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual question of the owner to discover if the property has suffered from flooding. If flooding has previously occurred and is not disclosed by the seller, then a purchaser may bring a compensation claim as a result of such an incorrect response. The purchaser’s lawyers may also commission an enviro search. This should higlight whether there is any known flood risk. If so, further inquiries will need to be conducted.
I have recentlybeen informed that Stirling Law have been shut down. They carried out my conveyancing in Langport for a purchase of a freehold house 18 months ago. How can I check that my home is in my name in the name of the former proprietor?
The easiest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Langport conveyancing specialists.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Langport is the location of the property. What do you suggest?
Flying freeholds in Langport are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Langport you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Langport may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm converting the mortgage on my primary house to a BTL mortgage with Nationwide Building Society and intend to use the remaining equity as a deposit on another property. The neighborhood we are looking at is Langport. Will your lawyers be able to act for both sets of banks and link together the conveyances?
Make use of our comparison tool on this page to be sure that the conveyancers are on the appropriate lender panels. Assuming that they are your conveyancer will be able to tie up the two transactions but you should have a chat with you lawyer and make clear your desired outcome and needs.
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £450,000 garden flat in Langport next week. The landlords agents has quoted £396 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Langport?
Langport conveyancing on leasehold flats often necessitates the buyer’s solicitor submitting questions for the landlord to answer. Although the landlord is under no legal obligation to respond to such questions most will be willing to do so. They are entitled to levy a reasonable administration fee for responding to enquiries or supplying documentation. There is no set fee. The average costs for the information that you are referring to is £350, in some situations it is in excess of £800. The administration charge required by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration charges, without which the invoice is not strictly payable. In reality one has little option but to pay whatever is requested of you should you wish to complete the sale of your home.
I bought a 1 bedroom flat in Langport, conveyancing formalities finalised 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Langport with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease finishes on 21st October 2088
With just 63 years left to run we estimate the price of your lease extension to range between £16,200 and £18,600 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.