I have just been advised by my broker that my Wareham solicitor is not on the lender Solicitor panel. How can I be certain that this is indeed the case?
The first thing you need to do is to call your Wareham lawyer directly. You lawyer should notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
Can you explain why leasehold purchase conveyancing in Wareham costs more?
The conveyancing costs on a leasehold property in Wareham is inevitably more expensive as compared to a freehold acquisition or disposal. This is because there is an amount of additional work required in corresponding with the freeholder and managing agents to collate the information concerning whether the rent and service fee have been paid and whether there are any major works due in the near future on repairs or maintenance of the building.
I have been on the look out for a leasehold apartment up to £305k and found one close by in Wareham I like with a park and railway links nearby, the downside is that it only has 51 years on the lease. There is not much else in Wareham in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I need to find a conveyancing solicitor for freehold conveyancing in Wareham. I have land on a site which seems to have the perfect solution If there is a chance to get all the legals completed via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What could I expect to pay for conveyancing in Wareham?
Almost all Wareham conveyancing solicitors will charge a standard fee. Where extra work become due during the conveyancing your conveyancer must disclose to you in writing of such extra fees for any work as soon as it becomes obvious. Some work on a no completion no cost principle, others will levy an bill for a proportion of the set charges, according to the point at which the conveyancing fails.
It may be helpful for you to seek various firms to provide you an estimate.