Can the conveyancing solicitors listed on your site perform attended exchange conveyancing in Stockbridge Village?
There are a few conveyancing specialists carrying out 24hr exchanges. Please call us to secure a costs illustration and details as to availability.
Can I use your services to locate a Conveyancing solicitor in Stockbridge Village even if I’m not purchasing or selling a house, for instance if I intend to buy an office in Stockbridge Village with a loan from The Mortgage Works?
The service is predominantly used to find domestic conveyancing solicitors in Stockbridge Village but we have set out at the end of this page some Stockbridge Village commercial conveyancing firms. You will need to make contact with the company directly to see if they are also authorised to represent The Mortgage Works
We are purchasing a apartment in Stockbridge Village. It might be a silly question but how we can trust a conveyancer? On completion day we will need to send funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We are getting the release of further monies on our mortgage from Nationwide as we wish to conduct a loft conversion to our house in Stockbridge Village. Do we need to select a bricks and mortar Stockbridge Village solicitor on the Nationwide conveyancing panel to handle the paperwork?
Nationwide don't usually instruct a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nationwide panel.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Stockbridge Village building society branch on various occasions and was told it does not affect the mortgage offer and they would lend. My Stockbridge Village conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they would not lend based on their published requirements. I have no idea who is right.
As long as the conveyancer is on the mortgage company approved list, they must adhere to the CML Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender 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.
I am looking for a ground for flat up to £235,500 and found one close by in Stockbridge Village I like with a park and transport links in the vicinity, the downside is that it's only got 49 years on the lease. I can't really find anything else in Stockbridge Village for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
Should I be wary by 3rd parties that I am dealing with are encouraging me to use an online conveyancing firm as opposed to a local Stockbridge Village conveyancing firm?
As is the case with many service providers, often input from connections can be extremely useful or valuable. Yet there are lots of players in a conveyancing deal; estate agents, financial adviser and banks might all suggest lawyers to retain. Sometimes these lawyers might be known to one of the organisations as experts in their field, but sometimes there may be a financial incentive behind the recommendation. You are free to select your own conveyancer. However, bear in mind that the majority of banks specify a panel list of conveyancers you are obliged to use for the mortgage related work in your transaction.
I have recently realised that I have 62 years remaining on my lease in Stockbridge Village. I now wish to get lease extension but my freeholder is can not be found. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. However, you will be required to prove that you have used your best endeavours to find the freeholder. In some cases a specialist should be helpful to try and locate and prepare a report which can be accepted by the court as evidence that the freeholder can not be located. It is advisable to get professional help from a conveyancer both on investigating the landlord’s disappearance and the vesting order request to the County Court covering Stockbridge Village.
I purchased a split level flat in Stockbridge Village, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Stockbridge Village with an extended lease are worth £180,000. The ground rent is £65 invoiced every year. The lease expires on 21st October 2083
With 58 years remaining on your lease the likely cost is going to be between £22,800 and £26,400 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.