We see that you have a post code search directory identifying solicitors on the Virgin Money conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Boreham?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Boreham.
How does conveyancing in Boreham differ for new build properties?
Most buyers of new build premises in Boreham come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is built. This is because new home sellers in Boreham typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Boreham or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Boreham is the location of the property. Is there any guidance you can impart?
Flying freeholds in Boreham are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Boreham you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Boreham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How easy is it to use your search facility to select a conveyancing lawyer in Boreham on the panel for my mortgage?
1st choose a lender such as Halifax, Norwich and Peterborough Building Society or Clydesdale then specify your preferred area such as Boreham. Conveyancing firms in Boreham and further afield should be listed.
I’m about to sell my basement apartment in Boreham. Conveyancing solicitors are to be appointed soon, however I have recently had a quarterly maintenance charge invoice – what should I do?
It best that you clear the service charge as usual as all rents and maintenance charges will be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I invested in buying a split level flat in Boreham, conveyancing having been completed 8 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Boreham with over 90 years remaining are worth £197,000. The ground rent is £55 levied per year. The lease ceases on 21st October 2073
With only 54 years remaining on your lease the likely cost is going to span between £32,300 and £37,400 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues 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 before getting professional advice.