Recently been in touch with my conveyancing solicitor in Woore who conducted the legals 18 months ago requesting a conveyancing estimate based on an identical type of house sale & purchase (a leasehold residence and a freehold property) of similar values with a home loan from Virgin Money. I am now being quoted double. Should I hunt for an alternative property lawyer?
The estimate fees seem a bit high. If you are content to spend time scrutinising costs you may be able to decrease the fees marginally by as much as a hundred pounds. That being said, providing that you were pleased with the assistance the firm provided you maycome to rue opting for an an untested solicitor. Don't forget to check the solicitor can also act for Virgin Money. You can employ our search tool to choose a Woore conveyancing firm on the Virgin Money approved list of lawyers, which can often include conveyancing solicitors in Woore.
I have todaydiscovered that Arc property Solicitors have closed. They conducted my conveyancing in Woore for a purchase of a leasehold apartment 18 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The easiest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Woore conveyancing specialists.
I'm buying a new build house in Woore benefiting from help to buy. The developers refused to budge the price so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not to tell my solicitor about this extras as it could put at risk my loan with the lender. Do I keep my lawyer in the dark?.
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 property I have offered on two weeks back in what should have been a simple, chain free conveyancing. Woore is where the house is located. Can you shed any light on this issue?
Flying freeholds in Woore are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Woore 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 Woore may ascertain 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 property.
In scouring the internet for the words on line conveyancing in Woore it reveals numerous solicitorslocally. How do I determine which is the right solicitor for me?
The best method of seeking a suitable conveyancer is through a trusted testimonial, so enquire of friends and relatives who have purchased a property in Woore or a respected estate agent or mortgage broker. Charges for conveyancing in Woore differ, so it's a good idea to secure a minimum of four costs illustrations from varying types of companies. Dont forget to clarify that the fees are fixed.
Can you offer any advice when it comes to appointing a Woore conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Woore conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with several firms including non Woore conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be of use:
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How many lease extensions have they completed in Woore in the last year? How familiar is the firm with lease extension legislation?
I purchased a 1st floor flat in Woore, conveyancing was carried out 8 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Woore with a long lease are worth £211,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease runs out on 21st October 2093
With just 67 years remaining on your lease we estimate the price of your lease extension to range between £10,500 and £12,000 as well as professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.