Why would one instruct a Poundbury conveyancing company when national conveyancers are easier on the wallet?
By all means make sure that you contrast conveyancing costs in Poundbury and you should seek a reasonable quote but don’t become consumed with looking for the cheapest Poundbury conveyancer. Appointing the right conveyancer can mark the difference between a smooth and a distressing house move. It is important that you ensure that you have expert advice from a specialist lawyer. An e-mail can never take the place of a telephone conversation and are no substitute for a face to face appointment. The firms that we work with will appoint you a qualified and top rated conveyancing solicitor who can handle your conveyancing from start to finish, providing a level of hand holding that you rarely receive from an internet conveyancer. He or She will update you as to any developments making sure that you are ensuring that you are updated at regular intervals. Should you need to phone the office you will know who to ask for and we'll ensure you are kept fully informed.
How up to date is your database of Poundbury solicitors on the Yorkshire BS conveyancing panel? Do Yorkshire BS send you an updated list?
Poundbury conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
Me and my partner are buying a property in Poundbury. It might be a silly question but how we can trust a solicitor? On completion day we will need to put our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have today made my last payment due on my mortgage with Bank of Ireland. I assume I don't need a Poundbury solicitor on the Bank of Ireland panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Bank of Ireland mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Bank of Ireland mortgage from the register. Bank of Ireland, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
After what seems like an age I have had an offer on a maisonette in Poundbury accepted, but there is a chain. The vendors have offered on a flat, but it’s not been accepted yet, and have viewings of other apartments booked. I have instructed a high street conveyancing solicitor in Poundbury. What do I do now? At what point should I apply for the mortgage with HSBC?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of one thousand pounds, then survey, Poundbury conveyancing search fees, etc). First, you should ensure that your lawyer is on the HSBC approved list. Regarding the subsequent steps this very much dictated by the uniqueness of your transaction, desire for this property and on the state of the market. In a rising market some buyers would apply for a home loan with HSBC and pay for the valuation and only if it was satisfactory would they pay their lawyer to proceed with the conveyancing in Poundbury.
My step-father has recommend that I instruct his conveyancers in Poundbury. Do I follow his advice?
There are no two ways about it the best way to find a conveyancing practitioner is to have feedback from friends or family who have actually experience in using the solicitor you're contemplating using.
I am looking at a couple of flats in Poundbury both have in the region of 50 years remaining on the lease term. should I be concerned?
There are plenty of short leases in Poundbury. The lease is a right to use the property for a period of time. As a lease gets shorter the saleability of the lease reduces and it becomes more expensive to acquire a lease extension. This is why it is advisable to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this arena.
I inherited a studio flat in Poundbury, conveyancing formalities finalised February 1997. Can you work out an approximate cost of a lease extension? Equivalent flats in Poundbury with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 per annum. The lease ends on 21st October 2093
With 69 years unexpired we estimate the price of your lease extension to range between £9,500 and £11,000 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.