What happens if my lawyer’s firm is removed from the Co-operative Conveyancing panel ahead of completing my conveyancing in Clapham and Salph End?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I'm remortgaging my existing home to a BTL mortgage with Barclays and I will use the ballance of the raised equity as a down payment on further property. The location we are looking at is Clapham and Salph End. Will your lawyers be able to act for the two banks and tie in the conveyances?
Make use of our comparison tool on this site to check that the lawyers are approved by both banks. On the basis that they are the conveyancer should be able to tie up the two deals but you should have a chat with you solicitor and specify your expectations and needs.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Clapham and Salph End. I happened to land on a web site which appears to be the ideal solution If it is possible to get all this stuff completed via phone that would be preferable. 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?
Expecting to exchange soon on a garden flat in Clapham and Salph End. Conveyancing lawyers have said that they will have a report out to me next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Clapham and Salph End should include some of the following:
It needs to be made clear to you if the lease allows you to change or upgrade aspects of the premises- you should know whether it applies to all alterations or just structural alteration, and whether permission is required Are pets allowed in the flat? The total ownership of the premises. This might be the flat itself but may include a roof space or cellar if relevant. specifics of the parties to the lease, for instance these could be the leaseholder, superior lessor, freeholder Do you need to have carpet in the flat or are you allowed wood flooring?
I acquired a 2 bed flat in Clapham and Salph End, conveyancing was carried out in 2000. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Clapham and Salph End with a long lease are worth £227,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease terminates on 21st October 2091
With only 72 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
I have recently placed an offer on a leasehold flat in Clapham and Salph End and the broker that we are dealing with recommended his lawyer. She quoted £900 plus VAT and disbursements. Does this sound expensive?
You should not rely on a single estimate. One should obtain like-for-like quotes for your conveyancing in Clapham and Salph End. Then choose one that you trust and crucially, is on the approved list of the lender that you are sourcing your mortgage from.