We are buying a 2 bedroom apartment in Thurston with a mortgage. We wish to retain our Thurston lawyer, but the bank advise she’s not on their "panel". It seems we have no choice but to instruct one of the bank panel firms or continue with our Thurston lawyer as well as pay for one of their panel ones to represent them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. The mortgage offered to you 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. Another option that might be available is for your Thurston conveyancing lawyer to apply to be on the conveyancing panel.
I require conveyancing for a flat in a fairly new development (6 years built) in Thurston. Almost all the flats have already been sold. Do I need carry out the neighbourhood searches as part of conveyancing in Thurston?
If you are buying a property with the assistance of a loan, your bank will require some (many) of the searches so you'll have no choice. If not, then Thurston conveyancing searches are optional. Your solicitor, will 'advise', perhaps in the strongest possible terms, that you should not go ahead without searches, but he or she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or you will need to change to an alternative solicitor for your conveyancing in Thurston.
I need some quick conveyancing in Thurston as I am under a deadline to exchange contracts in less than one month. A home loan is not required. Can I escape the need for conveyancing searches to save money and time?
If.Given you are not getting a home loan you have the choice not to have searches carried out although no solicitor would suggest that you don't. With plenty of history conveyancing in Thurston the following are instances of issues that can show up and adversely affect future saleability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Unadopted Roads,...
The deeds to our property are lost. The solicitors who dealt with the conveyancing in Thurston 5 years ago have long since closed. What are my options?
In today’s world there are copies made of almost everything, and your solicitor will be aware exactly where to locate all the suitable documentation so you can purchase or dispose of your house without any difficulty. If duplicates are not available, your solicitor can put in place insurance or indemnities protecting you against possible claims on your property.
I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Thurston I like with a park and transport links in the vicinity, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Thurston in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage that many years may be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
As a leasehold owner I am on the hook for a maintenance fee for my first floor flat in Thurston. As a result of flawed financial planning I slipped behind with remittance. The freeholders agreed a payment plan but there is still in the region of £3000 outstanding as of today.
I want to dispose of the property and I am worried this will jeopardize the sale if I have to settle the amount due in advance. I'd like to sell up and then repay the debt from the completion monies - is this achievable?
You should speak with the solicitor carrying out your Thurston conveyancing but one option may be to arrange for the debt to be transferred to the purchasers. The final price payable would be reduced to reflect the amount of debt they take on. They would then pay the fees once they are the owners.