How do I investigate if the solicitor handling my conveyancing in Southville is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Clydesdale thus spending £187.00 plus VAT in further legal fees.
Feel free to take advantage of the find a lender approved solicitor tool on this web page. Pick the lender and type ‘Southville’ or your location and you will discover numerous solicitors based in Southville or by proximity to you.
three months have elapsed following my purchase conveyancing in Southville concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Southville differ for new build properties?
Most buyers of new build premises in Southville come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Southville typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Southville or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Southville ahead of appointing solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some banks will not issue a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Southville. Conveyancing will be smoother if you use a solicitor in Southville especially if they regularly deal with such properties in Southville.
I have just started marketing my basement apartment in Southville. Conveyancing lawyers have not yet been instructed, however I have just received a quarterly maintenance charge invoice – Do I pay up?
The sensible thing to do is clear the maintenance contribution as usual given that all rents and maintenance charges should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I am the registered owner of a leasehold flat in Southville, conveyancing was carried out October 2006. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Southville with over 90 years remaining are worth £185,000. The average or mid-range amount of ground rent is £65 levied per year. The lease ends on 21st October 2085
With only 60 years unexpired we estimate the premium for your lease extension to be between £20,000 and £23,000 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.
Online reading suggests that Southville solicitors are more expensive than licensed conveyancers in Southville when it comes to buying a property. So is it better if I use a conveyancer or a solicitor where I am purchasing a house in Southville.
When it comes to conveyancing in Southville the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.