Should lawyers request money up-front when it comes to conveyancing in West Kirby?
If you are buying a property in West Kirby your lawyer will ask you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the purchase price then this should be asked for immediately before contracts are exchanged. The closing balance that is due should be sent to your lawyer a few days prior to the day of completion.
I am planning to acquire a property and need a conveyancing solicitor in West Kirby who is on the Britannia conveyancing. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Britannia in certain locations such as West Kirby. We dont recommend any particular firm.
I am buying a property in West Kirby. An unusual aspect is that the roof has a solar panel. Skipton have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Skipton your lawyer must check the conveyancing requirements contained in Section 2 of UK Finance Lenders’ Handbook for Skipton. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and lawyers are required to report to Skipton where a lease does not meet these specifications. The requirements relate to the installation of panels on properties countrywide and is not isolated to West Kirby.
I recently had an offer accepted on an apartment in West Kirby. My financial adviser pressured me to appoint their lawyer. I paid an on account payment of £200. A few days later, the lawyer contacted me embarrassingly acknowledging that they were not on the Principality 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 Principality 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.
Our offer on a semi in West Kirby has been agreed to, the sellers do nevertheless have an associated purchase. The owners have offered on a property, but it’s not yet tied up, and have viewings of other properties booked. I have instructed a high street conveyancing solicitor in West Kirby. What should be my next step? When should I get the mortgage application with Virgin Money started?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then survey, West Kirby conveyancing search costs, etc). First, you should ensure that your conveyancing practitioner is on the Virgin Money approved list. As to the subsequent stages this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. In a buoyant market many buyers would apply for a home loan with Virgin Money and pay for the valuation and only if it was satisfactory would they request their lawyer to press on with the conveyancing in West Kirby.
I opted to have a survey done on a house in West Kirby prior to instructing solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies may not give a mortgage on such a house.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. If you e-mail us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in West Kirby. Conveyancing will be smoother if you use a solicitor in West Kirby especially if they are acquainted with such properties in West Kirby.
I am in need of some leasehold conveyancing in West Kirby. Before diving in I require certainty as to the remaining lease term.
If the lease is recorded at the land registry - and 99.9% are in West Kirby - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a split level flat in West Kirby, conveyancing was carried out 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in West Kirby with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease runs out on 21st October 2078
You have 53 years remaining on your lease we estimate the premium for your lease extension to be between £27,600 and £31,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.
The solicitors carrying out our conveyancing in West Kirby has sent documents to review that show the property is unregistered with epitome documents. How can it be that the property not registred at the Land Registry?
Most property in West Kirby is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Many West Kirby conveyancing solicitors should be familiar with such matters but in the event that uncertainty exists the conventional proposition nowadays seems to be for the vendor’s solicitor to deal with the registration formalities first and then deal with the disposal - this will have a knock on effect to result in a protracted home move.