Why do I have to pay up front for my conveyancing in Strawberry Hill?
Where you are retaining lawyers for conveyancing in Strawberry Hill your solicitor will ask you put them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. When the deposit is as part of the total price then this will be asked for shortly before exchange of contracts. The final balance that is due should be sent to your lawyer a couple of days prior to the completion date.
How can we tell if a Strawberry Hill conveyancing solicitor on the UBS panel is any good?
When it comes to conveyancing in Strawberry Hill getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the lawyer carrying out your transaction.
My partner and I have arranged a further advance on our mortgage from Kent Reliance as we want to conduct improvements to our home in Strawberry Hill. Do we need to select a nearby Strawberry Hill solicitor on the Kent Reliance conveyancing panel to deal with the legals?
Kent Reliance would not normally require a member of their conveyancing panel 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 Kent Reliance panel.
After weeks of negotiation I have agreed a price on a house in Strawberry Hill. My mortgage broker suggested a lawyer. I paid an upfront payment of £175. Soon after, the conveyancing practitioner contacted me embarrassingly acknowledging that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Due to the encouragement of my in-laws I had a survey completed on a property in Strawberry Hill before instructing conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some banks may refuse to issue a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Strawberry Hill. Conveyancing may be slightly more expensive based on your lender's requirements.
As co-executor for the will of my uncle I am selling a house in Monmouth but I am based in Strawberry Hill. My lawyer (who is 200 miles awayneeds me to sign a stat dec prior to completion. Could you suggest a conveyancing solicitor in Strawberry Hill to attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are located in Strawberry Hill
I've recently bought a leasehold flat in Strawberry Hill. Am I liable to pay service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
My wife and I have hit a brick wall in trying to purchase the freehold in Strawberry Hill. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We are happy to put you in touch with a Strawberry Hill conveyancing firm who can help.
An example of a Lease Extension case for a Strawberry Hill flat is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case related to 1 flat. The unexpired term was 60.45 years.
We own a leasehold flat in Strawberry Hill. Conveyancing was finished in 2010. I have been told that I mustn’t let the lease length get too short. Why is that a problem?
Strawberry Hill domestic long term leases are for a prescribed period - often ninety nine years when they are first granted. However a significant flats in Strawberry Hill were built or converted 20 or more years ago and so these leases now have fewer than 80 years left to run. This may sound like a long time but Banks, Building Societies and other mortgage institutions tend to need leases to have a minimum of seventy five years unexpired to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are nearing eighty years. To increase the marketability of your property you should be thinking about whether to extend your lease long before you come to sell it. There are also advantages to doing so before the lease reaches even 80 years as when the lease falls below 80 years the amount you have to pay to extend starts to get a lot more expensive.