Just been in touch with my conveyancing lawyer in Parson Cross who conducted the legals 18 months ago asking for a conveyancing quote based on the same type of house sale & purchase (a leasehold residence and a freehold property) of similar values with a loan from Nationwide Building Society. It looks as though am now being charged double. Am I right to be tempted to shop around for an alternative conveyancer?
The estimate does seem a tad on the high side. Where you are prepared to expend time comparing quotes you might get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, providing that you were pleased with the service the firm offered you maycome to rue opting for an an untested solicitor. Don't forget to check the conveyancer can also act for Nationwide Building Society. You can use our search tool to get a quote a Parson Cross conveyancing firm on the Nationwide Building Society conveyancing panel, which can often include conveyancing solicitors in Parson Cross.
My grandmother passed away last year and as sole heir and executor I was left the house in Parson Cross. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Barclays, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then Barclays will require that you use a conveyancer on the Barclays conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Barclays conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Barclays mortgage is registered as a charge at the Land Registry.
A colleague suggested that where I am purchasing in Parson Cross I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Parson Cross conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Parson Cross around the property and the people living there. It includes 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 Property Price, Crime details, Parson Cross Education with plans and statistics, Local Amenities and other useful information concerning Parson Cross.
How does conveyancing in Parson Cross differ for newly converted properties?
Most buyers of new build property in Parson Cross come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Parson Cross usually buy the land, 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 conveyancing solicitors 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 used to new build conveyancing in Parson Cross or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Parson Cross before instructing conveyancers. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some lenders will refuse to grant a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Parson Cross. Conveyancing will be smoother if you use a solicitor in Parson Cross especially if they are acquainted with such properties in Parson Cross.
What advice can you give us when it comes to choosing a Parson Cross conveyancing firm to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Parson Cross conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with several firms including non Parson Cross conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:
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What are the charges for lease extension conveyancing? If they are not ALEP accredited then what is the reason?
Parson Cross Leasehold Conveyancing - Sample of Queries Prior to buying
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Generally speaking the outlay for major works tend not to be included within maintenance charges, albeit that a few managing agents in Parson Cross require leasehold owners to contribute towards a reserve fund and this is used to offset against major works. How much is the ground rent and service charge? Can you tell me if there are any major works anticipated that will increase the maintenance charges?