My fiance’s uncle is a property lawyer. I hope that I can be offered friends and family rates for conveyancing, However if that does not come through, what level of figure would I typically be looking at for conveyancing in Rumney?
Do compare pricing. Make use of our search tool on this site. Whilst estimates do vary but the service one can expect differ between solicitors as is true with the vast majority of professional services.
I am about to put a bid on a leasehold apartment in Rumney. The property agents assure me that it is usual for flats in Rumney to have less than 75 years remaining. I am taking out a loan with Platform. Will the property be mortgageable given that the lease has 72 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 17/11/2024 the requirements read as follows :
I opted to have a survey carried out on a property in Rumney before instructing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies may not give a mortgage on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Rumney. Conveyancing will be smoother if you use a solicitor in Rumney especially if they regularly deal with such properties in Rumney.
I need to appoint a conveyancing solicitor for residential conveyancing in Rumney. I've chance upon a site which seems to have the ideal solution If there is a chance to get all this stuff completed via web that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My nephew is just in the process of moving home, the home loan was agreed last week in principle. After the offer was accepted on house we called the mortgage company to progress the mortgage application. We were disappointed to discover that mortgage companies do not accept all solicitor, they need to be on their approved list, is this correct?
Lenders tend to imposes restrictions either the type or the number of conveyancing firms on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Rumney lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.