Is there a reason why leasehold purchase conveyancing in Piccadilly is more expensive?
In short, leasehold conveyancing in Piccadilly and elsewhere usually involve more work compared to freehold transactions. This includes analysing the lease terms, corresponding with the landlord about serving applicable notices, obtaining current service charge and management information, procuring the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
We're in Piccadilly, First time buyers buying with a mortgage (lender is Yorkshire BS , and our solicitor is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
The estate agent has sent us the confirmation of our purchase of a new build flat in Piccadilly. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Piccadilly
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Please confirm the Lease plans are surveyor prepared. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I opted to have a survey completed on a property in Piccadilly ahead of instructing solicitors. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some lenders tend not grant a loan on such a home.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. If you e-mail us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Piccadilly. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Piccadilly to see if the conveyancing costs will increase in light of this.
My husband and I are a couple of weeks into a freehold purchase having been recommend to conveyancers by the high street agent to carry out the conveyancing in Piccadilly. We are not happy. Can you you assist me in finding new conveyancers?
They would need to be very bad in order to consider replacing them. Has your mortgage offer been sent? If so you will need to make them aware of the new conveyancer and ensure the offer are issued to the new lawyers. Your new conveyancer should be on the lenders panel to avoid escalating charges and frustration. That should be your first question of the new conveyancers. The search tool will assist you in finding a lender approved conveyancer for your conveyancing in Piccadilly
I need to find a lender panel solicitor in Piccadilly. Could you help me?
Unfortunately it’s not apparent why you need a Piccadilly panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Piccadilly are on their panel . If you do find such a firm in Piccadilly not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site