Is there a reason why leasehold purchase conveyancing in West Cross costs more?
West Cross leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I have been recommended a conveyancing solicitor in West Cross. I need to find out if they are accepted on the Platform Home Loans Ltd approved list of lawyers. Can you assist?
You should contact the solicitor and ask them whether they can act for the bank. Otherwise please call Platform Home Loans Ltd who may be able to help.
If you had a top tip for choosing a conveyancing solicitor in West Cross what would it be?
We would encourage you not to base your choice on the cheapest West Cross conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
This question may be naive but I am wet behind the ears as FTB of a ground floor flat in West Cross. Do I pick up the keys to the property on the completion date from my conveyancer? If so, I will appoint a High Street conveyancing solicitor in West Cross?
On the day of completion you will not be required to attend the conveyancers office in West Cross. Conveyancing lawyers for you will arrange to send the completion advance to the vendor’s lawyers, and shortly after the monies have arrived, you should be called to pick up the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
My offer on a property in West Cross has been agreed to, but there is a chain. The sellers have offered on somewhere, however it’s not been accepted yet, and have viewings of other flats in the pipeline. I have chosen a nearby conveyancing solicitor in West Cross. What do I do now? When do I get the mortgage application with HSBC started?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then survey, West Cross conveyancing search costs, etc). The first course of action is to check that your conveyancer is on the HSBC conveyancing panel. As to the subsequent steps this very much depends on the circumstances of your transaction, desire for the property and on the state of the market. During a rising market the majority of buyers would apply for a home loan with HSBC and pay for the valuation and only if it was satisfactory would they request their solicitor to proceed with searches.
How does conveyancing in West Cross differ for newly converted properties?
Most buyers of new build premises in West Cross approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because house builders in West Cross usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in West Cross or who has acted in the same development.
Is it possible to change conveyancer as I need to instruct one who is on the Nationwide Building Society conveyancing list. I hired a local conveyancing solicitor in West Cross round the corner but he is not approved by Nationwide Building Society
We will our best to assist in finding you a conveyancing solicitor in West Cross on the Nationwide Building Society panel. Please note that the property lawyers that we list do not pay us fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in West Cross. In utilising the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in West Cross.
What advice can you give us when it comes to choosing a West Cross conveyancing practice to deal with our lease extension?
When appointing a solicitor for lease extension works (regardless if they are a West Cross conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with several firms including non West Cross conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:
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What volume of lease extensions have they carried out in West Cross in the last year? What are the costs for lease extension work?
I own a ground floor flat in West Cross, conveyancing having been completed 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in West Cross with over 90 years remaining are worth £202,000. The ground rent is £60 invoiced annually. The lease comes to an end on 21st October 2082
You have 57 years remaining on your lease we estimate the price of your lease extension to span between £28,500 and £33,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.