I plan on buying a maisonette in Leicestershire. My lawyer has never been on on the mortgage company conveyancing list. Can I still use my Leicestershire conveyancing solicitor notwithstanding that they are excluded from the lender list of approved lawyers?
Various options include
- Carry on with your preferred Leicestershire lawyer but your mortgage company will no doubt use a conveyancer on their conveyancing panel. This will result in additional charges together with probable frustration.
- Get a fresh conveyancing practitioner to conduct the conveyancing, ensuring that they are on the mortgage company conveyancing panel.
- Convince your conveyancing practitioner to do everything possible to get listed on the lender’s panel of solicitors
We had appointed conveyancers located in Leicestershire on the Nationwide solicitor panel. They have just billed me a supplemental amount for dealing with the Nationwide mortgage. Is this an additional conveyancing fee specified by Nationwide?
Provided it is contained in their Terms of Engagement or Quote then yes your lawyer can charge a fee for this. The charge is not dictated by Nationwide but by your Leicestershire conveyancer. Plenty of firms on the Nationwide panel will charge an ‘acting for lender’ fee and others do not.
My partner and I are in the throws of looking at houses in Leicestershire and I am now considering a potential offer. Is it best to have a conveyancer on ‘stand by’? I will be getting a home loan with Barclays.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. Given that you are seeking a mortgage with Barclays, make sure you remember to check that your lawyer is on the Barclays conveyancing panel.
I have paid off my mortgage with RBS. I assume I don't need a Leicestershire lawyer on the RBS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your RBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS mortgage from the register. RBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
About to purchase a new build apartment in Leicestershire. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Leicestershire
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are architect prepared.
I am looking for a flat up to £195,000 and found one close by in Leicestershire I like with amenity areas and transport links in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Leicestershire in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan the shortness of the lease may be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
We're new on the property ladder - had an offer accepted, yet the agent informed us that the owners will only go ahead if we appoint their preferred lawyers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family conveyancer who is accustomed to conveyancing in Leicestershire
We suspect that the owner is not behind this ultimatum. If they desire ‘a quick sale', alienating a serious buyer is is going to put the whole deal at risk. Speak to the vendors direct and make the point that (a)you are serious purchasers (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to use your own,trusted Leicestershire conveyancing solicitors - not the ones that will give the estate agent a referral fee or hit his conveyancing targets set by senior management.
I today plan to offer on a house that appears to be perfect, at a reasonable figure which is making it all the more appealing. I have just discovered that the title is leasehold rather than freehold. I am assuming that there are issues purchasing a house with a leasehold title in Leicestershire. Conveyancing lawyers have are soon to be appointed. Will they explain the issues?
The majority of houses in Leicestershire are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Leicestershire so you should seriously consider looking for a Leicestershire conveyancing solicitor and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the freeholder’sconsent to conduct changes to the property. You may also be required to pay a contribution towards the upkeep of the communal areas where the property is part of an estate. Your lawyer will report to you on the legal implications.
Leicestershire Conveyancing for Leasehold Flats - A selection of Queries before buying
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Its a good idea to find out as much as possible concerning the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to every day issues such as the upkeep of the communal areas. Ask other people what they think of their service. In conclusion, be sure you understand the dates that you are obliged pay the maintenance charge to the appropriate party and specifically what you get for your money. It is important to be aware if redecorating or some other significant cost is due in the foreseeable future to be shared by the tenants and could well dramatically impact the level of the maintenance charges or result in a one time payment.