I am in need of a property lawyer. Do I opt for a national conveyancer rather than a family Marazion conveyancing solicitor?
On the whole conveyancing practitioners in your location will have strong alliances with your local authority, which can assist with your Marazion conveyancing searches that your lawyer will need to carry out. It can only assist if they enjoy strong relationships with the Local Land Registry Office your area Marazion, other conveyancers in the location and Marazion property agents.
My husband and I are nearing an exchange on a property in Marazion and my parents have sent the exchange deposit to my solicitor. I am now told that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
Your solicitor is obliged to check with the bank to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
I am thinking of mortgaging my home in Marazion, does my lawyer have to be on the Leeds Building Society Solicitor panel?
In theory, you could use a solicitor that is not on the Leeds Building Society conveyancing panel, but Leeds Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
In my capacity as executor for the will of my uncle I am disposing of a property in Cardiff but I am based in Marazion. My conveyancer (approximately 300 miles awayhas requested that I sign a stat dec ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Marazion to attest this legal document for me?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Marazion based
I am tempted by the attractive purchase price for a couple of flats in Marazion both have about forty five years remaining on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Marazion. The lease is a right to use the property for a prescribed time frame. As the lease shortens the value of the lease deteriorates and it becomes more expensive to extend the lease. For this reason it is advisable to increase the term of the lease. More often than not it is difficult to sell a property with a short lease as mortgage companies may be unwilling to lend money on such properties. Lease extension can be a difficult process. We recommend you get professional assistance from a solicitor and surveyor with experience in this arena.
I invested in buying a garden flat in Marazion, conveyancing having been completed in 1997. How much will my lease extension cost? Corresponding flats in Marazion with over 90 years remaining are worth £190,000. The ground rent is £45 invoiced annually. The lease terminates on 21st October 2088
You have 62 years left to run the likely cost is going to be between £17,100 and £19,800 as well as professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.