Recently contacted my conveyancing lawyer in Plymouth who conducted the legals 18 months ago and wanted a conveyancing costs illustration based on an identical type of house sale & purchase (a leasehold property and a freehold property) of similar values with a loan from Aldermore. I am now being charged twice the amount. Stick with what I know or should I seek out a cheaper online property lawyer?
The quote is slightly on the expensive side. If you are happy to expend time contrasting prices you could shave off some of the expense by as much as £100 plus VAT. That being said, if you were satisfied with the conveyancing the firm provided you mightlive to regret opting for an a cheaper lawyer. Don't forget to enquire the conveyancer can act for Aldermore. Do employ our search tool to locate a Plymouth conveyancing firm on the Aldermore approved list of lawyers, which can often include conveyancing solicitors in Plymouth.
My husband and I intend to remortgage our penthouse in Plymouth with Aldermore. We have a son approaching twenty who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, giving up any rights in the event that the apartment is repossessed. I have two concerns (1) Is this form unique to the Aldermore conveyancing panel as he never had to sign this form when we bought 5 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?
First, rest assured that your Aldermore conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Aldermore. This is solely used to protect Aldermore if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Aldermore had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I used Arc property Solicitors a few years past for my conveyancing in Plymouth. Now, I need my documents but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Plymouth of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Just had an offer accepted on a new build apartment in Plymouth. 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 conveyancing.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Plymouth
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. 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.
I own a leasehold flat in Plymouth. Conveyancing and Yorkshire Building Society mortgage organised. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in Plymouth who previously acted has now retired. What should I do?
The first thing you should do is make enquiries of HMLR to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Plymouth conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a split level flat in Plymouth, conveyancing having been completed 4 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Plymouth with a long lease are worth £202,000. The ground rent is £60 yearly. The lease finishes on 21st October 2082
You have 57 years left to run we estimate the premium for your lease extension to be between £28,500 and £33,000 as well as legals.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.
My wife and I have had DIP from Birmingham Midshires who said that they will loan up to £117k. When do we need to appoint a lawyer for conveyancing? Plymouth is where we are .
You can appoint a solicitor now so that the conveyancer can open the file so they can commence their AML checks etc. Once you wish them to start work you will be asked for a deposit normally approximately £225. That would normally be after you have the loan offer from your bank and survey report, nevertheless should you wish to expedite matters you can start the ball rolling sooner even though you may be risking some money.