I have just been advised by my estate agent that my Shaftesbury lawyer is not on the mortgage company Conveyancing panel. What can I do to check?
Your first step should be to contact your Shaftesbury lawyer directly. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they may recommend you to a Shaftesbury conveyancing firm that is on the approved list of lawyers for your bank.
We have rather pushy sellers who has recommended a exclusivity agreement with a payment 10k. Is it wise to enter into such agreements?
This form of agreement isn't common in Shaftesbury, conveyancers will often try and steer clients away from them as they divert attention from the primary objective, namely conveyancing and if you end up losing your deposit then the solicitor is left exposed. Furthermore, there is no assurance that just because the seller has executed an exclusivity agreement they will complete the sale with you. They may be tempted to break the contract if they receive sufficient financial inducement to do so because an aggrieved claimant with the benefit of a lockout agreement will still have to establish consequential losses from the breach and this may not equalise the financial benefit that the owner may obtain by breaching the contract, however morally shameful that may be.
My friend advised me that if I am buying in Shaftesbury I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes quoted for as part of the standard Shaftesbury conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Shaftesbury around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Shaftesbury Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Shaftesbury.
I opted to have a survey done on a property in Shaftesbury before instructing lawyers. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies will not grant a loan on this type of premises.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Shaftesbury. Conveyancing may be slightly more expensive based on your lender's requirements.
What makes your site different to alternative internet conveyancing solicitors when it comes to conveyancing in Shaftesbury?
At this site receive an accurate quote from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Shaftesbury. As opposed to estate agents and many comparison sites we do not operate referral deals with solicitors. Some agents and online brokers 'recommend' the firm who pay the highest per referral, not the best value conveyancing in Shaftesbury
I have recently realised that I have Fifty years remaining on my lease in Shaftesbury. I am keen to extend my lease but my freeholder is missing. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to locate the freeholder. In some cases an enquiry agent may be helpful to try and locate and prepare an expert document to be accepted by the court as evidence that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer in relation to proving the landlord’s absence and the application to the County Court covering Shaftesbury.
Shaftesbury Leasehold Conveyancing - Sample of Queries before Purchasing
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The answer will be helpful as a) areas can cause problems for the building as the communal areas may begin to deteriorate where services remain unpaid b) if the leasehold owners have an issue with the managing agents you will wish to have all the details How much is the ground rent and service charge?