I plan on buying an apartment in Whitby. My Conveyancer is not listed on the mortgage company conveyancing panel. Can I still retain my Whitby conveyancing solicitor notwithstanding that they are excluded from the lender panel of approved conveyancing solicitors?
Your options include
- Complete the deal with your preferred Whitby conveyancer but your bank will need to use a property lawyer from their approved panel. The net result is additional cost and likely delay.
- Choose a new property lawyer to act in the purchase, obviously checking they are on the lender conveyancing panel.
- Appeal to your solicitor to apply to join the mortgage company panel
My wife and I are getting closer to an exchange on a house in Whitby and my parents have transferred the exchange deposit to my lawyer. I am now told that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your solicitor is duty bound to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
I am purchasing a semi-detached house in Whitby. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Whitby you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Whitby.
We're new on the property ladder - had an offer accepted, yet the property agent has warned us that the seller will only issue a contract if we use their preferred conveyancers as they want a ‘quick sale’. Our preferred option is to instruct a family solicitor accustomed to conveyancing in Whitby
We suspect that the owner is unaware of this requirement. Should the vendor desire ‘a quick sale', taking such a hostile approach to a genuine buyer is going to damage their objectives. Avoid the agents and go straight to the owners and explain that (a)you are genuine buyers (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you intend to appoint your preferred Whitby conveyancing firm - as opposed tothose that will provide the estate agent a introducer fee or achieve conveyancing figures set by HQ.
Planning to complete next month on a ground floor flat in Whitby. Conveyancing solicitors assured me that they report fully next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Whitby should include some of the following:
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Alterations to the premises Does the lease prevent you from renting out the property, or working from home Where does the liability rest for repairing the window frames Rent payments - how much and what the invoice dates are, and also know whether this is subject to change specifics of the parties to the lease, for instance these could be the tennant, head lessor, freeholder
I am the registered owner of a leasehold flat in Whitby, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Whitby with over 90 years remaining are worth £201,000. The ground rent is £45 invoiced every year. The lease expires on 21st October 2090
With only 65 years unexpired we estimate the premium for your lease extension to span between £13,300 and £15,400 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.
I have today had an offer accepted on an apartment in Whitby and the estate agent that we are using recommended his solicitor. They quoted £900 plus VAT and 3rd party costs. Does this sound like a good deal?
You should not rely on 1 estimate. One should seek like-for-like quotes for your conveyancing in Whitby. Then choose one that you are comfortable with and crucially, is on the approved list of the bank that you have applied for a mortgage from.