Is it possible for conveyancing in Melbourne to be done inside 10 days?
Where you are under a tight deadline for your conveyancing it is advisable to make sure that your conveyancer is familiar with the location as they will make use of local connections and insight. It is possible that they would have handled otherproperties in the same road. You would be best advised to use a Melbourne conveyancing lawyer. Second, check that the conveyancing firm is on the lender panel. It is understood that just under twenty per cent of Melbourne conveyancing deals are delayed or derailed after finding out that a buyer’s solicitor was not on their banks member panel. In many cases this discovery resulted in the legal transfer of property being held up by an average of three weeks. It is estimated that this issue affects approximately 100,000 home moves every year. Almost all Melbourne conveyancing firms can not act for certain lenders so do check at the outset.
I have been advised by my lawyer that absentee landlord insurance is necessary on my purchase. What is the level of cover for Melbourne conveyancing?
The right level of absentee landlord indemnity insurance depends on who your lender is. It would differ for example between Lloyds TSB Bank and Virgin Money. Conveyancing solicitors as opposed to borrowers take out such policies.
Is there a list of Kent Reliance panel solicitors in Melbourne on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of mortgage companies make their panel listings visible on the web. If you are in need of a Melbourne property lawyer on the Kent Reliance please make the most of our facility.
We previously selected conveyancers based in Melbourne on the Clydesdale solicitor approved list. They are now charging me a further amount for handling the Clydesdale mortgage. Is this a supplemental conveyancing fee specified by Clydesdale?
Unfortunately, as long as it is in their Terms of Engagement or estimate then yes your conveyancing practitioner can levy a fee for this. This fee is not dictated by Clydesdale but by your Melbourne conveyancer. Plenty of firms on the Clydesdale panel will levy an ‘acting for lender’ fee but plenty of practices include it on their overall fee.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Melbourne. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Melbourne
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I have been on the look out for a leasehold apartment up to £305k and identified one near me in Melbourne I like with a park and station in the vicinity, the downside is that it's only got 61 years on the lease. There is not much else in Melbourne for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
In what way does the Landlord & Tenant Act 1954 affect my commercial property in Melbourne and how can your lawyers assist?
The particular law that you refer to provides protection to business tenants, granting the legal entitlement to apply to court for a new tenancy and remain in occupation at the end of an expired lease. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and handle your commercial conveyancing in Melbourne
My husband and I are 18 days into a freehold purchase having been directed to solicitors by the estate agent to execute conveyancing in Melbourne. I am am very disappointed with the level of service. Could you help me find new conveyancers?
They would have to be very bad to suggest changing them. Has your loan offer been generated? In the event that it has you need to make them aware of the new contact details and get the loan are re-sent. The solicitor ideally needs to be on the mortgage company approved list to avoid supplemental fees and frustration. So that should be your first question of the new lawyers. Our search tool can help you find a bank approved solicitor for your home move in Melbourne