I had intended to instruct a conveyancing solicitor in March for our home move. Our broker informed us that our mortgage lenders Nottingham Building Society won't deal with them. Why is this not regarded as unduly restrictive?
A lender can direct that an approved solicitor act for it. You would be expected to bear the charges for this. Please make use of our search facility to get a quote from a solicitor to carry conveyancing in March on the Nottingham Building Society approved list of solicitors.
When it comes to mortgage companies such as Virgin Money, do March solicitors face a fee to be on the list of approved solicitors?
We are unaware of any mortgage company fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
Does a directory service exist listing RBS panel solicitors in March on the Council of Mortgage Lender’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings visible on the web. Where you are seeking to appoint a March conveyancing practitioner on the RBS please use our facility.
How can we know in advance if a March conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in March seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer conducting your conveyancing.
My friend suggested that if I am purchasing in March I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your March conveyancing searches. It is a large report of more than thirty pages, listing and setting out important information about March around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information concerning March.
Are there restrictive covenants that are commonly picked up during conveyancing in March?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in March. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
In surfing the world wide web for the term cheap conveyancing in March it shows results of many conveyancersin the area. How do I determine which is the suitable conveyancer for the sale of my house?
The best way of seeking the right conveyancer is through a trusted testimonial, so seek the opinion of colleagues and relatives who have acquired a property in March or the respected estate agent or financial adviser. Costs for conveyancing in March vary, so it's advisable to request a minimum of three quotes from different conveyancers. Be sure to seek confirmation that the charges are guaranteed not to to be inflated.
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable price which is making it all the more appealing. I have since been informed that the title is leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in March. Conveyancing solicitors have not yet been appointed. Will they explain the issues?
The majority of houses in March are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in March so you should seriously consider shopping around for a March 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. As a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as requiring the landlord’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the upkeep of the communal areas where the property is part of an estate. Your lawyer should appraise you on the various issues.
I acquired a studio flat in March, conveyancing having been completed 9 years ago. How much will my lease extension cost? Corresponding flats in March with an extended lease are worth £192,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease runs out on 21st October 2080
With just 54 years remaining on your lease we estimate the price of your lease extension to be between £32,300 and £37,400 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.