It has taken forever and a day but a mortgage agreement from HSBC for the refinancing of my 2 room flat is due within the next few days. Are you able to suggest a low cost conveyancing law firm in Booker?

You have come to the wrong site to search for a cheap conveyancing solicitors in Booker. We can offer you value for money conveyancing but we do not work with the cheapest lawyers. Resist the temptation to appoint companies teasing you with £99 conveyancing in Booker. Optimistically, in going for low cost conveyancing, you will end up with what you pay for and at worst it will result in you paying a lot in additional fees and still not get the service required.

The Booker conveyancing firm handling our Booker conveyancing has identified a difference when comparing the assumptions in the valuation survey and what is revealed within the title deeds. My solicitor informs me that he is duty bound to check that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s stance appropriate?

Your property lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

I am the registered owner of a freehold house in Booker but still invoiced for rent, why is this and what is this?

It is rare for properties in Booker and has limited impact for conveyancing in Booker but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.

Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.

My uncle has recommend that I instruct his conveyancing solicitors in Booker. Should I choose my own property lawyer?

Much as we are happy to recommend a Booker conveyancing lawyer the ideal way to choose a conveyancing practitioner is to get guidance from friends or family who have actually used the conveyancer that you are contemplating using.

Can you provide any top tips for leasehold conveyancing in Booker from the point of view of speeding up the sale process?

• Much of the delay in leasehold conveyancing in Booker can be avoided where you get in touch lawyers as soon as your agents start advertising the property and ask them to put together the leasehold information needed by the purchasers’ solicitors.
The majority of landlords or managing agents in Booker charge for providing management packs for a leasehold home. You or your lawyers should discover the fee that they propose to charge. The management pack sought on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Booker. A minority of Booker leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors. If there is a history of any disputes with your landlord or managing agents it is very important that these are settled before the property is put on the market. The purchasers and their solicitors will be warry about purchasing a property where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is clearly preferable to present the dispute as historic rather than ongoing.

Leasehold Conveyancing in Booker - Examples of Questions you should ask Prior to Purchasing

How many of the leaseholders are in arrears for their service charge payments? Does this lease have in excess of 85 years remaining? Where a Booker lease has no more than eighty years it will have adverse implications on the salability of the property. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will probably have to extend the lease at some point and it is worth finding out what this will be. Remember, in most cases you will be be obliged to have owned the premises for two years before you are legally able to extend the lease.