I can't travel far from Weymouth. What is the rationale as to why all Weymouth solicitors aren't included on all lender panels?
Mortgage companies point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. This resulted in banks and building societies removing a number of firms from their panel of approved conveyancing practitioners .
Is there a reason why leasehold purchase conveyancing in Weymouth costs more?
The conveyancing charges on a leasehold premises in Weymouth is inevitably more expensive when contrasted to a freehold transaction. This is due to the additional investigations necessary in dealing with the freeholder and management company to collate the information concerning whether the rent and maintenance fee have been paid and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the block.
Can you help - my lawyer says that defective lease insurance is necessary on my purchase. What is the level of cover for Weymouth conveyancing?
The appropriate level of defective lease indemnity insurance should be dictated by who who your lender is. It would differ for example between Accord Mortgages Ltd and Virgin Money. Conveyancing lawyers as opposed to members of the public take out such insurances.
Completion of my remortgage has taken place for my property in Weymouth. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
UBS have agreed my home loan in principle, my offer on a flat in Weymouth has been agreed to, now what?
Your property agent will need to be advised as to your conveyancing practitioner's details (ensure that the solicitors are on the lender’s approved list). Call up UBS or the financial adviser and finalise any appropriate forms. UBS will sellect a valuer who will get in contact with the selling agent or vendor to schedule an appointment. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. UBS will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Weymouth.
My wife and I are close to exchanging contracts on the sale of our home in Weymouth and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any local lawyer would know this is not the case. It does beg the question why the purchasers are using a factory type conveyancing firm as opposed to a conveyancing solicitor in Weymouth. Having lived in Weymouth for six years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
The estate agent has sent us the confirmation of our purchase of a new build apartment in Weymouth. Conveyancing is a frightening process 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 conveyancing.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Weymouth
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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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I am a sole trader hoping to take an assignment of a lease of a shop on the high street. Can you recommend lawyers offering fixed charges for non-domestic conveyancing in Weymouth for less than £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Weymouth, including the disposal and purchase of businesses as well as simply premises. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail premises or a complete business we will find you the right firm. Regarding the costs this will depend on the structure and heads of terms of the proposed transaction. Please provide us with your contact information or phone us so that we may supply you with comprehensive commercial conveyancing calculation.