I just bought a property at auction in Leven. Conveyancing is needed. What is next?

Given that you are now legally bound yourself to purchase you now have to retain a conveyancing practitioner soon as you are facing a fast approaching deadline in which to complete the deal. All auction property will ordinarily have an associated legal set of papers. This will likely include most,if not all of the documents that your solicitor requires. In the case of leasehold property the legal papers should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You should pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding organised to complete on the on the contractual date .

When it comes to mortgage companies such as Nottingham, do Leven solicitors have to pay a yearly amount to be on the list of approved solicitors?

We are unaware of any lender fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.

I recently had an offer accepted on an apartment in Leven. My financial adviser suggested a lawyer. I paid an advanced payment of £175. A couple of days later, the conveyancer called me sheepishly admitting that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

About to purchase a new build flat in Leven. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Leven

Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are surveyor prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.

My brother has recommend that I use his lawyers for conveyancing in Leven. Should I find my own conveyancer?

Much as we are happy to recommend a Leven conveyancing lawyer it’s preferable to find a conveyancing solicitor is to get guidance from friends or relatives who have experience in using the solicitor that you are contemplating using.

All being well we will complete our sale of a £225,000 maisonette in Leven on Thursday in a week. The managing agents has quoted £360 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Leven?

Leven conveyancing on leasehold flats more often than not requires the buyer’s lawyer submitting questions for the landlord to address. Although the landlord is not legally bound to answer such questions most will be content to do so. They are at liberty to charge a reasonable administration fee for answering enquiries or supplying documentation. There is no set fee. The average fee for the information that you are referring to is over three hundred pounds, in some transactions it exceeds £800. The management information fee levied by the landlord must be accompanied by a summary of rights and obligations in relation to administration fees, otherwise the charge is technically not due. In reality one has no option but to pay whatever is demanded should you wish to exchange contracts with the buyer.

Leven Conveyancing for Leasehold Flats - Sample of Questions you should consider before buying

How many years remain on the lease? Please tell me if there are any major works in the near future that will increase the maintenance charges? You should be aware if it is no more than eighty years it will impact the value of the property. Check with your mortgage company that they are willing to lend given the lease term. A short lease means that you will most likely require a lease extension sooner rather than later and you need to have some idea of how much this will be. For most Levenlease extensions you will need to own the residence for two years in order to be eligible to extend the lease.

Are all Leven law firms on every bank conveyancing panel?

The Lexsure search tool on this page may be of use or you can drop into your high street bank branch in Leven. Chances are that they will know some good conveyancing solicitors in Leven