What is the optimum way to find out if the solicitor handling my conveyancing in Shaftesbury is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Chelsea Building Society thus paying £187.00 plus VAT in supplemental legal charges.
Feel free to take advantage of the search tool on this web page. Pick the lender and type ‘Shaftesbury’ or your location and you will be presented with numerous conveyancers based in Shaftesbury or nearest you.
I am looking for a leasehold apartment up to £305k and identified one round the corner in Shaftesbury I like with amenity areas and station nearby, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Shaftesbury for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan the shortness of the lease will be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
In what way does the Landlord & Tenant Act 1954 affect my business offices in Shaftesbury and how can you help?
The particular law that you refer to affords protection to commercial tenants, granting the a statutory right to apply to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Shaftesbury
My husband and I are novice buyers - had an offer accepted, but the agent told us that the seller will only move forward if we appoint the agent's chosen solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a local conveyancer accustomed to conveyancing in Shaftesbury
It is unlikely the owners are driving this. Should the seller want ‘a quick sale', turning down a genuine buyer is is going to put the whole deal at risk. Try to communicate with the sellers directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you do not need to sell (d) you wish to move quickly (e)but you intend to use your preferred Shaftesbury conveyancing firm - not the ones that will provide the negotiator at the agency a commission or meet his conveyancing targets demanded by HQ.
Why do Shaftesbury conveyancing fees are more expensive for leasehold and freehold properties?
If purchasing a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control