My previous conveyancer has sent a quote for £1200 for no move no fee conveyancing in Long Stratton. I’m selling a newly refurbished house for £175,000. Is this too much? Is it above the norm for conveyancing in Long Stratton?
The charges are a bit high. If you are prepared to expend time comparing costs you could reduce the fees marginally by as much as a hundred pounds. That being said, you mightlive to rue opting for an an untested conveyancer. Don't forget to check the solicitor can act for your bank. Do employ our comparison tool to find a Long Stratton conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Long Stratton.
I am purchasing a newly constructed duplex in Long Stratton and my conveyancer is telling me that she is duty bound to the mortgage company to disclose incentives from the seller. I am under pressure to exchange contracts and I would rather not prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. 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 purchased a freehold property in Long Stratton yet pay rent, why is this and what is this?
It is rare 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 date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
is it true that all Long Stratton solicitors on the Virgin Money conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be overseen by the SRA. The majority of banks do list licenced conveyancers on their panel in which case such organisation would be regulated by the Council of Licensed Conveyancers.
I am selling my house. I had a double glazing fitted in December 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Virgin Money are being pedantic. The Long Stratton solicitor who is on the Virgin Money conveyancing panel is recommending indemnity insurance as a solution but Virgin Money are insisting on a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money 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 have instructed a Long Stratton property lawyer having made sure that they are on the Nationwide conveyancing panel. Does my lawyer arrange the survey of the property?
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 identified one round the corner in Long Stratton I like with a park and railway links nearby, however it's only got 49 years unexpired on the lease. I can't really find anything else in Long Stratton suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan that many years will be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
In my capacity as executor for the estate of my grandfather I am disposing of a residence in Neath but reside in Long Stratton. My conveyancer (approximately 260 kilometers from meneeds me to execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing lawyer in Long Stratton to witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are Long Stratton based