We were about to instruct a conveyancing solicitor in Romsey found on your site but have come across alternative fee calculations via the web look cheaper – why is this?
You can find many firms of solicitors marketing what appear to be extremely cheap conveyancing in Romsey. You should think long and hard about how important this transaction is to you that you are willing to take 'cheap' risks with regard to the standard of the conveyancing. Many of them highlight a bargain fee to grab your attention but conceal supplemental charges in the small print..
The Romsey conveyancing firm handling our Romsey conveyancing has identified a discrepancy between the information in the home valuation survey and what is revealed within the legal papers for the property. My solicitor informs me that he must ensure that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s stance right?
Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Why is leasehold purchase conveyancing in Romsey is more expensive?
Romsey leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Should I use a Romsey conveyancing solicitor who is local to the property I am buying? I have an old university friend who can perform the legal formalities but her office is over three hundred miles away.
The benefit of a high street Romsey conveyancing firm is that you can visit the firm to execute documents, hand in your identification documents and apply pressure on them if necessary. They will also have local insight which is a plus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were happy that must surpass using an unknown Romsey conveyancing lawyer just because they are based in the area.
Can you offer any advice when it comes to finding a Romsey conveyancing firm to deal with our lease extension?
If you are instructing a conveyancer for lease extension works (regardless if they are a Romsey conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Romsey conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be helpful:
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Can they put you in touch with clients in Romsey who can give a testimonial? How many lease extensions have they completed in Romsey in the last 12 months?
I acquired a ground floor flat in Romsey, conveyancing formalities finalised in 1999. Can you work out an approximate cost of a lease extension? Corresponding flats in Romsey with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease terminates on 21st October 2091
With just 66 years remaining on your lease the likely cost is going to range between £11,400 and £13,200 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.
Do I cancel my mortgage payments with Nottingham as soon as a completion date for my sale in Romsey has been set?
No, you must keep paying any mortgage payments to Nottingham until the mortgage is discharged on completion as part of your Romsey conveyancing.