I was recommended to a conveyancer who has sent a quote for £1200 for no move no fee conveyancing in Long Stratton. I am looking to sell a purpose built property for £275,000. This appears overpriced. Is it above what I should be paying for conveyancing in Long Stratton?
The costs illustration is slightly on the high side. If you are prepared to invest time comparing charges you may be able to get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, you mightlive to rue choosing an a cheaper conveyancer. If is important to be sure that the solicitor can act for your mortgage company. Do make use of our comparison tool to select a Long Stratton conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Long Stratton.
My husband and I are acquiring a newly constructed apartment in Long Stratton and my solicitor is informing me that she is duty bound to the mortgage company to reveal incentives from the seller. I am nearing the developer’s deadline to sign contracts and I would rather not delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am the registered owner of a freehold residence in Long Stratton but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Long Stratton and has limited impact for conveyancing in Long Stratton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Is it the case that all Long Stratton solicitors on the Principality conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Principality conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Many mortgage companies do list licenced conveyancers on their panel in which case such organisation would be overseen by the CLC.
I am selling my house. I had a double glazing fitted in March 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, UBS are being pedantic. The Long Stratton solicitor who is on the UBS conveyancing panel is recommending indemnity insurance as a solution but UBS are requiring a building regulation certificate. Why do UBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that UBS have referred the matter to their valuer. The reason why UBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I've read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Long Stratton solicitor - who is on the Nationwide conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Nationwide will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nationwide will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Long Stratton surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one near me in Long Stratton I like with amenity areas and transport links in the vicinity, however it only has 52 years unexpired on the lease. I can't really find anything else in Long Stratton in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan that many years will be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
As co-executor for the estate of my father I am selling a property in Newport but reside in Long Stratton. My lawyer (based 300 kilometers awayhas requested that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Long Stratton who can attest this legal document for me?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are Long Stratton based