Just been in touch with my conveyancing lawyer in Abridge who acted for me two years ago asking for a conveyancing estimate based on the same type of house sale & purchase (a leasehold residence and a freehold premises) of similar values with a home loan from Platform Home Loans Ltd. I am now being quoted double. Am I right to be tempted to shop around for an alternative conveyancer?
The estimate does seem a tad on the high side. If you are willing to invest time contrasting quotes you might shave off some of the expense by perhaps £100 plus VAT. That being said, if you were pleased with the service the firm provided you couldlive to rue opting for an a cheaper solicitor. Remember to enquire that the conveyancer can represent Platform Home Loans Ltd. Do make use of our search tool to select a Abridge conveyancing firm on the Platform Home Loans Ltd approved list of lawyers, which can often include conveyancing solicitors in Abridge.
My lawyer has discovered a a problem with the lease for the apartment we are purchasing in Abridge. The other side have put forward defective title insurance as a solution. We are happy with insurance and will cover the costs. Our property lawyer has advised that he must check that the mortgage company is content with this solution. Are we the client or is the bank?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. These conveyancing instructions must be adhered to.
How does conveyancing in Abridge differ for new build properties?
Most buyers of new build premises in Abridge approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because house builders in Abridge typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Abridge or who has acted in the same development.
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a great price which is making it all the more appealing. I have since discovered that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Abridge. Conveyancing advisers have not yet been instructed. Will they explain the issues?
The majority of houses in Abridge are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Abridge in which case you should be shopping around for a Abridge conveyancing solicitor and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the freeholder’sconsent to conduct alterations. It may be necessary to pay a contribution towards the maintenance of the communal areas where the property is part of an estate. Your solicitor should report to you on the legal implications.
Following years of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Abridge. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We are happy to put you in touch with a Abridge conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Abridge property is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case related to 2 flats. The number of years remaining on the existing lease(s) was 69.26 years.
I am looking for Abridge competitive conveyancing fees. Can I be confident that all the Abridge law firms that are identified on your directory are on the lender conveyancing panel?
The law firms listed on our site have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Abridge conveyancing solicitor being on the lender conveyancing panel is not accurate.