I was told today by my IFA that my Wimborne Minster the law firm I have appointed is not on the bank Solicitor panel. How can I check?
You need to call your Wimborne Minster conveyancer. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
Why do I have to pay up front for my conveyancing in Wimborne Minster?
If you are buying a property in Wimborne Minster your lawyer will request that you put them with monies to cover the search fees. Ordinarily this is called for to cover the fees of the conveyancing searches. When the down payment is payable against the sale price then this should be required shortly in advance of contracts are exchanged. The final balance that is due should be transferred shortly before completion.
I had intended to instruct a property lawyer in Wimborne Minster for our house move. Our financial adviser has since notified us that our bank Bank of Ireland won't deal with them. Surely this is unfair competition?
A mortgage company can direct that an approved solicitor act for it. You would be expected to bear the charges for this. Do use our tool to locate a solicitor to conduct conveyancing in Wimborne Minster on the Bank of Ireland approved list of solicitors.
I own a terraced Victorian house in Wimborne Minster. Conveyancing solicitor acted for me and Virgin Money. I happened to do a free search for it on the Land Registry database and I saw a couple of 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 review the Freehold register you have again and check the Charges Register as there may be 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 Wimborne Minster 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 purchasers. You can also check the position with the conveyancing lawyer who completed the work.
We are a couple of weeks into a leasehold purchase having been recommend to a firm by the selling agent to carry out the conveyancing in Wimborne Minster. We are not happy. Can you you assist me in finding new solicitors?
A conveyancer would have to be very poor in order to consider changing them. Has your loan offer been issued? In the event that it has you must inform them of the new contact details and ensure the offer are issued to the new lawyers. Your conveyancer needs to be on the mortgage company panel to avoid escalating costs and frustration. So that should be your first question of the new conveyancers. Our find a solicitor tool can help you find a lender approved conveyancer for your conveyancing in Wimborne Minster
I have just appointed agents to market my basement flat in Wimborne Minster. Conveyancing has not commenced, however I have just received a half-yearly maintenance charge demand – Do I pay up?
It best that you discharge the maintenance contribution as usual given that all rents and maintenance invoices will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I own a 1st floor flat in Wimborne Minster, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Wimborne Minster with a long lease are worth £170,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ceases on 21st October 2104
With 78 years remaining on your lease we estimate the price of your lease extension to span between £7,600 and £8,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.