Unfortunately I am unable to travel far from Red Lodge. I would like to know the logic why all Red Lodge solicitors aren't automatically on all lender panels?
Even though it may seem unfair for lenders to restrict who can represent them, from the public’s or conveyancer’s point of view, the the contrary view is that banks are increasingly anxious and consider it vital to defend themselves against mortgage fraud. As a consequence of this concern mortgage companies have restricted their conveyancing panel to a manageable size.
Are you able to suggest a Platform Home Loans Ltd allowed Red Lodge conveyancing conveyancer who can have us moved in within 10 days? Am I best advised to choose a high street Red Lodge practice or a factory type comparison site?
We can recommend some very good Red Lodge conveyancing firms. Another option is to visit the high street in Red Lodge. Approach some well established law practices and ask to see a conveyancing solicitor for a fee estimate. Discuss your expectations together with your reasons and ask for an assurance on speed. Select the lawyer that genuine.
I have been on the look out for a ground for flat up to £305k and found one round the corner in Red Lodge I like with amenity areas and railway links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Red Lodge in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the shortness of the lease will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I was pointed in your direction by a number of selling agents in Red Lodge to locate a property lawyer on your site. Is there a financial advantage for Estate Agents to offer your lawyers over another?
We refuse to offer any financial incentive for directing people in our direction. We found it would be just too difficult to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
We're first time buyers - had an offer accepted, yet the property agent told us that the seller will only move forward if we appoint their recommended conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a high street conveyancer with experience of conveyancing in Red Lodge
We suspect that the seller is not behind this demand. If they want ‘a quick sale', turning down a genuine buyer is is going to put the whole deal at risk. Speak to the vendors direct and make the point that (a)you are genuine buyers (b)you are ready to go, with finances in place © you do not need to sell (d) you wish to move quickly (e)but you will continue to appoint your preferred Red Lodge conveyancing lawyers - as opposed tothe ones that will give the negotiator at the agency a commission or achieve conveyancing thresholds pre-set by head office.
What are your top tips when it comes to appointing a Red Lodge conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a property lawyer for your lease extension (regardless if they are a Red Lodge conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Red Lodge conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
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What are the charges for lease extension work? If the firm is not ALEP accredited then what is the reason?
Red Lodge Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
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Please inform me if there are any major works in the planning that will add a premium to the maintenance charges? The answer will be important as a) areas may result in problems in the building as the common areas may start to deteriorate if maintenance remain unpaid b) if the leasehold owners have an issue with the managing agents you will wish to know about it For many Red Lodge leaseholds the cost for major works are not included within service charges, although there some managing agents in Red Lodge ask tenants to contribute towards a reserve fund and this is used to offset against larger repairs or maintenance.