Just contacted my conveyancing solicitor in Winchester who conducted the legals 18 months ago and wanted a conveyancing estimate based on an identical type of house sale & purchase (a leasehold premises and a freehold premises) of similar values with a loan from TSB. I am now being quoted twice the amount. Stick with what I know or do I seek out an alternative conveyancer?
The estimate does seem a tad on the high side. Where you are prepared to expend time comparing costs you could trim some of the expense by say a hundred pounds. On the other hand, if you were pleased with the legal work the firm offered you maycome to rue opting for an an untested solicitor. If is important to be sure the conveyancer can represent TSB. Do employ our search tool to get a quote a Winchester conveyancing firm on the TSB approved list of lawyers, which can often include conveyancing solicitors in Winchester.
I used Arc property Solicitors several years past for my conveyancing in Winchester. I now require my file however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Winchester of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying a new build house in Winchester with the aid of help to buy. The builders would not budge the amount so I negotiated five thousand pounds worth of extras instead. The property agent advised me not disclose to my lawyer about the extras as it will affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Winchester is where the house is located. Can you shed any light on this issue?
Flying freeholds in Winchester are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Winchester you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Winchester may determine 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 residence.
In my capacity as executor for the estate of my uncle I am disposing of a residence in Swansea but I am based in Winchester. My lawyer (who is 260 kilometers awayhas requested that I sign a stat dec ahead of completion. Can you recommend a conveyancing lawyer in Winchester who can attest this legal document for me?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are Winchester based
In relation to leasehold conveyancing in Winchester what are the most frequent lease defects?
Leasehold conveyancing in Winchester is not unique. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain provisions are not included. The following missing provisions could result in a defective lease:
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Insurance obligations
A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, Coventry Building Society, and Bank of Ireland all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to withdraw.
I invested in buying a ground floor flat in Winchester, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Winchester with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 levied per year. The lease finishes on 21st October 2079
With 55 years remaining on your lease we estimate the price of your lease extension to be between £31,400 and £36,200 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.