Some advice if I may. My Pewsey solicitor is informing me me that she is duty bound toapply for Pewsey conveyancing searches asthe firm are on the Santanderconveyancing panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a mortgage company your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Pewsey conveyancing searches.
I am looking to buy a flat and need a conveyancing solicitor in Pewsey who is on the Yorkshire Building Society solicitor. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Yorkshire Building Society in certain locations such as Pewsey. We dont recommend any particular firm.
Due to the input of my in-laws I had a survey completed on a house in Pewsey prior to retaining solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies may not issue a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Pewsey. Conveyancing will be smoother if you use a solicitor in Pewsey especially if they regularly deal with such properties in Pewsey.
I have been recommended by two or three local selling agents in Pewsey to get a quote from a solicitor using your seach tool. Is there a financial upside for Estate Agents to market your lawyers over and above alternative conveyancing organisations?
We refuse to make any commission for directing people our way. We found it would be just too difficult to pay a commission because a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I have just appointed agents to market my basement flat in Pewsey. Conveyancing solicitors are to be appointed soon, but I have recently had a yearly maintenance charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should pay the maintenance contribution as normal because all ground rent and maintenance charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment 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 purchased a leasehold flat in Pewsey, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Pewsey with over 90 years remaining are worth £180,000. The ground rent is £65 yearly. The lease expires on 21st October 2083
With only 58 years remaining on your lease we estimate the price of your lease extension to be between £22,800 and £26,400 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.