Recently been in touch with my conveyancing solicitor in Edingale who completed the legal work 18 months ago requesting a conveyancing estimate based on the same type of home move (a leasehold premises and a freehold premises) of similar values with a home loan from TSB. I am now being charged twice the amount. Should I hunt for an alternative conveyancer?
The costs illustration is slightly on the high side. If you are willing to spend time comparing quotes you could trim some of the expense by say £100 plus VAT. That being said, if you were content with the conveyancing the firm provided you mightlive to regret choosing an an unknown conveyancer. Don't forget to be sure that the conveyancer can act for TSB. You can employ our search tool to get a quote a Edingale conveyancing firm on the TSB approved list of lawyers, which can often include conveyancing solicitors in Edingale.
I am nearing an exchange on a house in Edingale and my mum and dad have transferred the 10% deposit to my property lawyer. I am now told that as the deposit has not arrived from me my lawyer needs to make a notification to my bank. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the lender about my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The solicitor is duty bound to check with mortgage company to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
The Edingale conveyancing solicitors that I appointed last week on my house acquisition in Edingale have without warning closed. They were on acting for me because I needed a lawyer on the HSBC conveyancing panel and my preferred Edingale lawyer was not. I paid them money on account. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the HSBC conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
The deeds to our home are lost. The lawyers who did the conveyancing in Edingale 4 years ago are no longer around. What do I do?
Nowadays there are copies made of almost everything, and your conveyancer will be aware precisely where to locate all the suitable documentation so you can purchase or sell your property without a hitch. If copies can’t be located, your conveyancer may be able to arrange cover in the form of insurance or indemnities protecting you against future claims on the property.
Having had my offer accepted I require leasehold conveyancing in Edingale. Before I get started I want to be sure as to the remaining lease term.
Assuming the lease is recorded at the land registry - and most are in Edingale - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I own a leasehold flat in Edingale, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Corresponding properties in Edingale with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease comes to an end on 21st October 2086
With 61 years left to run we estimate the premium for your lease extension to span between £19,000 and £22,000 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.