My wife and I are buying a 2 bedroom apartment in Tewkesbury with a mortgage. We like our Tewkesbury solicitor, however the bank says he's not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or continue with our Tewkesbury solicitor and pay for one of their panel lawyers to act for them. We feel that this is unjust; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Tewkesbury conveyancing solicitor to apply to be on the conveyancing panel.
The deeds to my property are lost. The lawyers who dealt with the conveyancing in Tewkesbury 4 years ago have long since closed. What are my next steps?
In today’s world there are copies made of almost everything, and your lawyer should be aware precisely where to locate all the suitable documentation so you may purchase or sell your house without any difficulty. Where copies are not available, your lawyer may be able to arrange cover in the form of insurance or indemnities against future claims on your premises.
The estate agent has sent us the confirmation of our purchase of a new build flat in Tewkesbury. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Tewkesbury
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Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I am looking for a leasehold apartment up to £195,000 and identified one near me in Tewkesbury I like with a park and transport links nearby, however it's only got 52 remaining years left on the lease. There is not much else in Tewkesbury for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the remaining unexpired lease term will be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
I am looking to sell my property. My previous lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Tewkesbury if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Tewkesbury. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I have just appointed agents to market my 2 bed flat in Tewkesbury. Conveyancing has not commenced, however I have recently received a yearly service charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should pay the maintenance contribution as usual because all rents and maintenance payments will be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until 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.
Tewkesbury Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to Purchasing
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Best to be warned whether window replacement or some other significant cost is pending that will be shared between the leasehold owners and may well materially impact the level of the maintenance charges or require a one off invoice. Who are the managing agents? Please note if it is fewer than 80 years it will affect the value of the flat. Check with your lender that they are happy with the length of the lease. Leases with less than 80 years remaining means that you will probably have to extend the lease sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you will need to own the property for a couple of years before you are eligible to exercise a lease extension.