Having sold my house in Alcester last September yet the purchaser is calling me to say her lawyer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Following your house sale your lawyer should forward the transfer deeds and all additional paperwork to the purchaser's conveyancer. If applicable, your lawyer should also evidence that the home loan has been discharged to the buyers conveyancers. There are no post completion requirements just for conveyancing in Alcester.
After months of negotiation I have agreed a price on a house in Alcester. My mortgage broker pressured me to appoint their lawyer. I paid an upfront payment of £225. A few days later, the conveyancer contacted me to say that they were not on the Virgin Money 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 Virgin Money 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.
Leeds Building Society have agreed my mortgage in principle, my offer on a apartment in Alcester has been agreed to, what are the next steps?
The property agent will want to know who your solicitors are (make sure the lawyers are on the lender’s panel). Call up Leeds Building Society or the broker and complete any outstanding paperwork. Leeds Building Society will sellect a valuer who will get in touch with the selling agent or seller to schedule a time for the valuation to occur. Once conducted (assuming no problems) it takes about a fortnight to receive the mortgage offer. Leeds Building Society will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Alcester.
I have finally had an offer on a flat in Alcester agreed to, but there is a chain. The vendors have offered on a flat, however it’s not yet agreed to, and have viewings of other flats booked. I have selected a nearby conveyancing solicitor in Alcester. What should be my next step? When should I get the mortgage application with HSBC going?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of one thousand pounds, then survey, Alcester conveyancing search fees, etc). The first course of action is to ensure that your conveyancer is on the HSBC conveyancing panel. Regarding the subsequent steps this very much depends on the specifics of your transaction, motivation for this property and on the state of the market. In a rising market some purchasers will apply for a home loan with HSBC and pay for the valuation and only if it comes back ok would they request their conveyancer to move forward with the conveyancing in Alcester.
A friend advised me that if I am purchasing in Alcester I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Alcester conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Alcester around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Alcester Education with plans and statistics, Local Amenities and other useful information concerning Alcester.
What advice can you give us when it comes to choosing a Alcester conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for your lease extension (regardless if they are a Alcester conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We advise that you make enquires with several firms including non Alcester conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
If they are not ALEP accredited then why not?
I invested in buying a basement flat in Alcester, conveyancing was carried out in 2004. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Alcester with over 90 years remaining are worth £216,000. The ground rent is £50 charged once a year. The lease runs out on 21st October 2088
With just 69 years unexpired we estimate the price of your lease extension to be between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
My partner and I are searching for an affordable conveyancing solicitor in Alcester to buy a home. I I am fearful of appointing the wrong one but with lots of Alcester conveyancing organisations to pick from...who do I opt for?
An independent personal recommendation via a friend or family member who has used a conveyancing solicitor before is always a preferable. You are likely to know someone who has used a conveyancing lawyer in the past. Feel free to make use of our comparison tool for Alcester conveyancing quotes