Just contacted my conveyancing solicitor in Selsdon who conducted the legals two years ago and wanted a conveyancing quote based on an identical type of house move (a leasehold premises and a freehold premises) of similar values with a mortgage from Virgin Money. It looks as though am now being quoted twice the amount. Should I hunt for an alternative firm of conveyancing solicitor?
The estimate fees appear a bit high. Where you are willing to spend time contrasting quotes you could shave off some of the expense by as much as £125. On the other hand, assuming were happy with the conveyancing the firm provided you mightcome to regret opting for an a cheaper solicitor. Don't forget to be sure that the solicitor can act for Virgin Money. You can make use of our search tool to choose a Selsdon conveyancing firm on the Virgin Money approved list of lawyers, which can often include conveyancing solicitors in Selsdon.
I am acquiring a newly constructed flat in Selsdon and my solicitor is telling me that she has to the lender to reveal incentives from the builder. I am on a tight deadline to sign contracts and I would rather not delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We see that you have a search directory identifying firms on the HSBC conveyancing panel. Do firms pay you a referral fee if I appoint them for our own conveyancing in Selsdon?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Selsdon.
I have been on the look out for a ground for flat up to £245,000 and identified one round the corner in Selsdon I like with amenity areas and station nearby, the downside is that it's only got 49 years on the lease. I can't really find anything else in Selsdon in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage that many years will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I need to find a conveyancing solicitor for freehold conveyancing in Selsdon. I have land on a site which appears to be the perfect solution If it is possible to get all this stuff completed via web that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Do you have any advice for leasehold conveyancing in Selsdon with the aim of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Selsdon can be avoided where you appoint lawyers the minute your agents start advertising the property and ask them to collate the leasehold documentation needed by the buyers’ conveyancers. The majority of freeholders or managing agents in Selsdon levy fees for providing management packs for a leasehold home. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most usual reason for delay in leasehold conveyancing in Selsdon. If you have carried out any alterations to the residence would they have required Landlord’s permission? Have you, for example laid down wooden flooring? Most leases in Selsdon state that internal structural alterations or laying down wooden flooring require a licence from the Landlord consenting to such works. Should you dont have the consents to hand you should not contact the landlord without contacting your lawyer first. A minority of Selsdon leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should notify your estate agents to make sure that the purchasers put in hand bank and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers.
My wife and I have hit a brick wall in negotiating a lease extension in Selsdon. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a missing landlord or where there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the amount due.
An example of a Freehold Enfranchisement case for a Selsdon premises is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case related to 6 flats. The number of years remaining on the existing lease(s) was 78.32 years.