Willusing a Melbourne conveyancing lawyer make the ownership transfer smoother?
Established third party connections is an important consideration when choosing conveyancing solicitors. Melbourne law firms often have long term relationships with mortgage brokers and property, local authorities, valuers and other conveyancing firms meaning you will move in shortest possible time. Possessing a wealth of knowledge of the local area is an advantage.
My wife and I are purchasing a house in Melbourne. I might seem paranoid but how we can trust a solicitor? At some point we will need to put funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
What is the difference between a licensed conveyancer and conveyancing solicitor in Melbourne
Two types of professional can perform conveyancing in Melbourne namely licenced conveyancers or solicitors. Both professionals handle conveyancing services that required to complete the sale or acquisition of property. Both are duty bound to conduct Melbourne conveyancing to the same quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly conducted and that the requisite procedures will be suitably adhered to.
I currently have a mortgage with UBS for my property in Melbourne. Conveyancing has been completed months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform UBS?
UBS must be informed of your intention prior to renting your property as this is likely to be a breach of UBS’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact UBS directly. It should not be necessary to do this via a UBS conveyancing panel solicitor.
How does conveyancing in Melbourne differ for new build properties?
Most buyers of new build or newly converted property in Melbourne approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Melbourne usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Melbourne or who has acted in the same development.
My partner has urged me to appoint his lawyers for conveyancing in Melbourne. Should I use them?
Much as we are happy to recommend a Melbourne conveyancing lawyer the ideal way to select a conveyancing solicitor is to seek guidance from friends or family who have used the solicitor that you are considering.
Due to sign contracts shortly on a garden flat in Melbourne. Conveyancing lawyers have said that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Melbourne should include some of the following:
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if lease provides for a sinking fund for major works? Rent payments - how much and what the invoice dates are, and be on notice if this is subject to change Changes to the property It needs to be made clear to you if the lease permits you to add or upgrade anything in the flat- you must know whether it applies to all alterations or just structural alteration, and whether licences for alterations is required
I inherited a studio flat in Melbourne, conveyancing formalities finalised June 1996. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Melbourne with over 90 years remaining are worth £192,000. The average or mid-range amount of ground rent is £55 levied per year. 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 plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.
I acquired a flat in Melbourne last 27/12/2024 and to date it is still not recorded with HM Land Registry. It was part of a development site and my conveyancer told me that it may take twelve months to complete the registration formalities. I have spoken with HM Land Registry directly and they say that the original application was cancelled due to questions not being addressed in time. Do I need to be concerned?
get in touch with your solicitor - if you are not getting sensible responses, look up their internal complaints procedure and escalate your concerns to a Partner. Registrations for Melbourne conveyancing are not known to be particularly slow.