I am considering applying for a Lloyds mortgage for purchase of a new build (under development) in Ampthill with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Lloyds ?
There is nothing to stop you using your solicitor, but Lloyds will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I used Arc property Solicitors several years ago for my conveyancing in Ampthill. Now, I need my documents however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Ampthill of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the input of my in-laws I had a survey completed on a property in Ampthill in advance of instructing solicitors. I have been advised that there is a flying freehold element to the property. The surveyor has said that some banks may refuse to grant a loan on such a home.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. If you e-mail us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ampthill. Conveyancing will be smoother if you use a solicitor in Ampthill especially if they are acquainted with such properties in Ampthill.
What does commercial conveyancing in Ampthill cover?
Commercial conveyancing in Ampthill incorporates a broad array of services, offered by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
We expect to complete our sale of a £150,000 maisonette in Ampthill in just under a week. The freeholder has quoted £372 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Ampthill?
Ampthill conveyancing on leasehold flats normally necessitates the purchaser’s lawyer submitting enquiries for the landlord to answer. Although the landlord is not legally bound to answer these enquiries most will be content to do so. They may charge a reasonable charge for responding to questions or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is over three hundred pounds, in some transactions it is in excess of £800. The administration charge required by the landlord must be accompanied by a summary of rights and obligations in relation to administration fees, without which the invoice is not strictly payable. In reality you have little option but to pay whatever is demanded should you wish to sell the property.
Leasehold Conveyancing in Ampthill - Sample of Queries Prior to Purchasing
The best form of lease arrangement is a share of the freehold. In this scenario the leaseholders benefit from being in charge if their destiny and notwithstanding that a managing agent is often employed where the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Are there any major works in the planning that will add a premium to the maintenance fees? It would be wise to discover as much as you can concerning the managing agents as they can either make your living at the property much simpler or much more difficult. As the owner of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to daily issues like the tidiness of the common parts. Enquire of other tenants whether they are happy with them. On a final note, investigate as to the dates that the maintenance charges are due to the relevant party and specifically what it includes.