Why is leasehold purchase conveyancing in Guildford is more expensive?
The conveyancing fees on a leasehold premises in Guildford is often greater as compared to a freehold residence. This is because there is an amount of additional time required in dealing with the freeholder and management company to collate the information concerning whether the rent and maintenance charges have been discharged and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the block.
I am planning to acquire a flat and require a conveyancing solicitor in Guildford who is on the Bank of Scotland conveyancing. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Bank of Scotland in certain locations such as Guildford. We dont recommend any particular firm.
I bought my apartment on 13 June and the transaction details is not yet registered. Should I be concerned? My conveyancing solicitor in Guildford said it will be concluded in a couple of weeks. Are properties in Guildford particularly slow to register?
As far as conveyancing in Guildford is concerned, registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can adjust according to the party submitting the application, whether there are errors and if the Land registry communicate with any 3rd persons or bodies. Currently in the region of three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Historically registration is effected after the buyer has moved in to the property therefore 'speed' is not typically primary concern but where it is urgent that the the registration takes place urgently then you or your lawyers could contact the land registry and explain the circumstances.
I opted to have a survey done on a property in Guildford before retaining solicitors. I have been told that there is a flying freehold element to the house. Our surveyor advised that some banks may not issue a loan on this type of property.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Guildford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Guildford to see if the conveyancing will be more expensive.
Is it best to use a Guildford conveyancing lawyer based in the vicinity that I am hoping to buy? An old friend can execute the legal formalities but her office is 300kilometers drive away.
The primary upside of using a high street Guildford conveyancing practice is that you can pop in to execute documents, deliver your ID and apply pressure on them if necessary. Having local Guildford know how is a benefit. That being said it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and on the whole were happy that must outweigh using an unknown Guildford conveyancing solicitor just because they are round the corner.