Recently contacted my conveyancing lawyer in Southam who conducted the legals 18 months ago requesting a conveyancing quote based on an identical type of house sale & purchase (a leasehold premises and a freehold property) of almost identical values with a loan from The Mortgage Works. It looks as though am now being quoted double. Am I right to be tempted to shop around for an alternative firm of conveyancing solicitor?
The quote is slightly on the expensive side. If you are content to spend time scrutinising charges you may be able to trim some of the cost by as much as £125. On the other hand, if you were satisfied with the conveyancing the firm provided you couldcome to rue opting for an an unknown solicitor. If is important to check the solicitor can act for The Mortgage Works. You can employ our search tool to locate a Southam conveyancing firm on the The Mortgage Works conveyancing panel, which can often include conveyancing solicitors in Southam.
We are looking to buy a property and require a conveyancing solicitor in Southam who is on the Aldermore approved panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Aldermore . We don't recommend any particular firms conducting conveyancing in Southam.
I am selling my apartment in Southam. Does my conveyancer need to be on the Santander conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
We are purchasing a 3 bedroom semi in Southam. Our aim is to carry out an extension to the side at the property.Will legal work on the property involve investigations to determine if these works are allowed?
Your solicitor should check the deeds as conveyancing in Southam can occasionally identify restrictions in the title deeds which prevent categories of works or necessitated the permission of a 3rd party. Some works require local authority planning consent and approval in accordance building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
It is unclear whether my lender requires a lease extension. I have called into my local Southam bank branch on various occasions and was told it does not affect the mortgage offer and they will lend. My Southam conveyancing solicitor - who is on the bank conveyancing panel- called to say that they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the bank panel, she or he must adhere to the CML Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Intending to buy a house in Southam. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Southam solicitor is on the Co-operative conveyancing panel.
The deeds to my home can not be found. The conveyancers who did the conveyancing in Southam 5 years ago no longer exist. What are my options?
Gone are the days when you need to have the physical official documentation to prove you are the owner of your registered land or premises, given that the Land Registry hold details of all registered land or property electronically.
I have been on the look out for a leasehold apartment up to £305k and found one near me in Southam I like with amenity areas and railway links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Southam for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term will be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.