Why do I have to pay up front for my conveyancing in West Wickham?
Where you are retaining lawyers for conveyancing in West Wickham 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 conveyancing searches. When the down payment is payable against the total price then this will be needed immediately ahead of exchange of contracts. The closing balance that is needed will be payable shortly before completion.
My property lawyer in West Wickham is not listed on the Virgin Money Approved Panel. Is it possible for me to continue with my prefered solicitor even though they are excluded from the Virgin Money list of approved lawyers?
Your options are as follows:
- Carry on with your preferred West Wickham solicitors but Virgin Money will need to retain a conveyancer on their panel. This will inevitably rack up the overall conveyancing charges and result in delays.
- Find a new practitioner to to deal with the purchase, obviously checking they are Virgin Money approved.
- Try to convince your Virgin Money based solicitor to seek to join the Virgin Money panel
My wife and I purchased a renovated Georgian house in West Wickham. Conveyancing practitioner acted for me and Nationwide Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in West Wickham and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing practitioner who completed the work.
How does conveyancing in West Wickham differ for new build properties?
Most buyers of new build property in West Wickham come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in West Wickham usually acquire 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 conveyancing solicitors 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 Wickham or who has acted in the same development.
What advice can you give us when it comes to appointing a West Wickham conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a West Wickham conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non West Wickham conveyancing practices before you 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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If they are not ALEP accredited then what is the reason?
After months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in West Wickham. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We are happy to put you in touch with a West Wickham conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a West Wickham premises is 26 Manor Road in July 2010. the Tribunal decided that price to be paid for the freehold was £12,420 This case related to 2 flats. The unexpired term was 76.75 and 88.83.
Can you refer me to a good West Wickham conveyancing practitioner for purchasing a flat? A work colleague recommended one but their quote was £1250 for a 250k property. That seems high. The bank will be RBS.
LenderPanel.com is limited to being a directory service for solicitors who want to be listed as being on the approved conveyancing panel for RBS in certain areas for example West Wickham . Our intention is not to recommend any specific solicitor.