My fiance’s brother is a property lawyer. I hope that I will receive friends and family pricing for conveyancing, However if that does not come materialise, what kind of figure would I typically be looking at for conveyancing in Westbury?
Do compare pricing. Do use our comparison tool on this page. The quotes will be different but service levels do are distinct between law firms as is the case with most professions.
I have given 8 weeks notice to my existing landlord and must be out of my let out flat in Westbury by the end of next month. Conveyancing on my purchase is progressing. Can I complete in three weeks as I wish to avoid having to move into temporary accommodation?
Generally one should not serve notice for your letting unless exchange of contracts has taken place. Assuming that you have not previously done so, speak to your conveyancer and urge them to they seek the assistance the other solicitors, try to a target completion date that all parties will work to achieve
The estate agent has sent us the confirmation of our purchase of a new build flat in Westbury. Conveyancing is daunting 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 legal work.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Westbury
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are architect prepared.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Westbury is where the house is located. Can you shed any light on this issue?
Flying freeholds in Westbury are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Westbury you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Westbury may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am 3 weeks into a freehold purchase having been directed to a firm by the estate agent to do our conveyancing in Westbury. We are not happy. Can you you assist me in finding new solicitors?
They would need to be really bad to suggest replacing them. Has your mortgage offer been generated? In the event that it has you must advise them of the new lawyer and get the loan are re-sent. The conveyancer should be on the lenders approved list to avoid supplemental fees and complications. So that should be your first question of the new solicitors. Our search tool will help you find a lender approved conveyancer for your conveyancing in Westbury
Our lawyer in Westbury has discovered a a legal deficiency with the lease for the flat we are buying in Westbury. The seller’s lawyers have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer has advised that as he is on the lender conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the lender are the client. A precondition to being on the mortgage company approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.