My best friend’s step-father is a property lawyer. I anticipate that I'll be able to get mate’s pricing for conveyancing, but if not, what level of fees should I be expecting for conveyancing in Lytchett Matravers?
You should contrast pricing. Make use of our comparison tool on this site. Whilst quotes do vary but the service one can expect are distinct between solicitors as is true with the vast majority of professional services.
Finally the sale completed on my house in Lytchett Matravers last September yet the purchaser is texting every few hours to moan that his conveyancer is waiting to hear from mine. What are the post completion sale formalities following completion?
After completion of your disposal your conveyancer is committed to deliver the transfer documentation and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor must also evidence that the home loan has been discharged to the purchasers solicitors. There are no post completion formalities unique to conveyancing in Lytchett Matravers.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Lytchett Matravers building society branch on a couple of occasions and was advised it wasn't an issue and they would lend. My Lytchett Matravers conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
Your property lawyer must follow the Council of Mortgage Lenders’ Handbook section two provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am due to exchange contracts on my apartment. I had a double glazing fitted in January 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Nottingham are being problematic. The Lytchett Matravers solicitor who is on the Nottingham conveyancing panel is saying indemnity insurance will be fine but Nottingham are insisting on a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Planning on purchasing a flat in Lytchett Matravers. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bank of Ireland conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Lytchett Matravers conveyancing practitioner is on the Bank of Ireland conveyancing panel.
Can you offer any advice when it comes to appointing a Lytchett Matravers conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for your lease extension (regardless if they are a Lytchett Matravers conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with several firms including non Lytchett Matravers conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:
-
Can they put you in touch with clients in Lytchett Matravers who can give a testimonial?
I acquired a leasehold flat in Lytchett Matravers, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Lytchett Matravers with over 90 years remaining are worth £216,000. The ground rent is £50 yearly. The lease runs out on 21st October 2093
With only 69 years left to run the likely cost is going to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
My husband and I have today had an offer accepted on our first home in Lytchett Matravers, and are about to get solicitors appointed. We have made use of the numerous comparison tools and the fee estimates are from all over the the UK. Is it critical to have a Lytchett Matravers conveyancer local to our potential new home? We are happy to do all the communicating over email, but I am thinking at some stage we may need to physically go into the solicitor's office to sign papers?
The lawyer does not have to be in Lytchett Matravers, but opting for local means that you can go in if needed, for instance, if a signature is needed urgently. Furthermore, a Lytchett Matravers solicitor is likely to be familiar with local agents and (if the vendor has chosen a local property lawyer) with them, which will help smooth the process.