We are selling our house in Leyland and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A high street Leyland conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers used a web based conveyancing practice as opposed to a conveyancing solicitor in Leyland. We have lived in Leyland for 4 years we know of no issue. Should we get in touch with our local Authority to get confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I'm refinancing my existing property to a buy to let loan with and intend to use the remaining equity as a down payment on a second house. The location we are looking at is Leyland. Will your solicitors be able to act for the two mortgage companies and tie in the two deals?
Do use our comparison tool on this site to be sure that the lawyers are approved by both lenders. Assuming that they are the solicitor will be able to simultaneously deal with the two deals but you should have a chat with you conveyancer and specify your desired outcome and requirements.
My husband and I are 17 days into a freehold purchase having been directed to solicitors by the estate agent to perform conveyancing in Leyland. I am am starting to be frustrated with the quality of service. Could you you assist me in finding new solicitors?
A solicitor would need to be very bad in order to consider replacing them. Has the mortgage offer been generated? If so you must make them aware of the new lawyer and have the loan are issued to the new lawyers. Your conveyancer needs to be on the mortgage company panel to avoid escalating expenses and complications. That should be your first question of the new solicitors. The find a solicitor tool should assist you in finding a lender approved lawyer for your conveyancing in Leyland
I acquired a 2 bed flat in Leyland, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Leyland with a long lease are worth £165,000. The ground rent is £45 levied per year. The lease comes to an end on 21st October 50
With only 50 years unexpired we estimate the premium for your lease extension to span between £36,100 and £41,800 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.
My son is about to join the property ladder, he had his mortgage in principle. After the seller agreed the offer on the flat we called the mortgage institution to progress the mortgage application. We were shocked to learn that mortgage companies do not accept all , they need to be on their approved list, is this correct?
Lenders normally imposes restrictions either the type or the number of conveyancing solicitors on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Leyland on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.