My wife and I are about to complete buying a house in Andover but as a consequence of wreckage from the recent storms I have managed to agree compensation from the owner of six thousand pounds by way of a reduction in the price. I had intended this to be addressed as part of a side agreement however Nationwide will not permit this. Should they have been involved?
The solicitor being on the Nationwide approved list is required to inform Nationwide of any changes to the sale price. If you prohibit your conveyancer to report the reduction to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new conveyancing practitioner for your conveyancing in Andover.
Is there a reason why leasehold purchase conveyancing in Andover is more expensive?
The conveyancing costs for a leasehold premises in Andover is inevitably greater as compared to a freehold residence. This is due to the extra investigations necessary in dealing with the landlord and management company to obtain information concerning whether the rent and maintenance charges have been cleared and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the building.
Are there any apps to assist me to identify a Andover law firm on the Barclays conveyancing panel? I have a car and am happy to travel upto 10kilometers to meet the conveyancer.
You can use the tool on this website. Please choose the mortgage company and your location and you will see a number of Andover conveyancing lawyers based on proximity. We have detailed some Andover conveyancing firms at the bottom of this page and you can telephone them to see whether they are on the Barclays member panel
I have just started marketing my basement apartment in Andover. Conveyancing has not commenced, however I have just had a quarterly service charge invoice – what should I do?
The sensible thing to do is clear the service charge as you normally would as all rents and maintenance payments should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser 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. This will smooth the conveyancing process.
I acquired a garden flat in Andover, 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? Equivalent flats in Andover with over 90 years remaining are worth £171,000. The ground rent is £50 invoiced every year. The lease runs out on 21st October 2103
With only 79 years left to run we estimate the price of your lease extension to range between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.