My partner and I are intent on purchasing residence in Williton. My property lawyer is not listed on the bank solicitor panel. Is it possible for me to appoint my Williton conveyancing solicitor even though they are not on the bank list of approved lawyers?
Your options include
- Complete the deal with your preferred Williton solicitor but your mortgage company will need to appoint a lawyer from their approved panel. This will result in additional cost together with potential interruption.
- Choose a fresh solicitor to act in the purchase, obviously checking they are on the mortgage company conveyancing panel.
- Appeal to your conveyancer to seek to join the bank panel
Completed the sale of my flat in Williton last January yet the purchaser is e-mailing me to say his solicitor is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your sale your lawyer should forward the transfer documentation and all of the paperwork to the buyer’s solicitors. Depending on the transaction, your lawyer should also send confirmation that the legal charge in favour of the lender has been discharged to the purchasers solicitors. There are no post completion tasks specific conveyancing in Williton.
What does a local search tell me concerning the house we're purchasing in Williton?
Williton conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company such as Onsearch The local search plays a central role in many a Williton conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search will reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
I have been pointed in your direction by a few estate agents in Williton to locate a property lawyer on your site. What’s the financial upside for Estate Agents to market your site ahead of another?
We refuse to make any referral fee for sending work in our direction. We found it would be just too difficult to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I am one month into a leasehold purchase having been recommend to solicitors by the high street agent to execute conveyancing in Williton. We are not happy. Could you help me find new solicitors?
They would need to be really bad in order to consider replacing them. Has the mortgage been generated? In the event that it has you need to inform them of the new contact details and get the loan are issued to the new lawyers. Your new conveyancer needs to be on the mortgage company approved list to avoid escalating fees and frustration. That should be your first question of the new solicitors. The find a solicitor tool can assist you in finding a lender approved solicitor for your conveyancing in Williton
Having had my offer accepted I require leasehold conveyancing in Williton. Before I set the wheels in motion I want to be sure as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and almost all are in Williton - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a basement flat in Williton, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar flats in Williton with an extended lease are worth £195,000. The ground rent is £45 invoiced every year. The lease comes to an end on 21st October 2089
You have 63 years left to run we estimate the premium for your lease extension to be between £16,200 and £18,600 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.