Unfortunately I am unable to travel far from Corfe Mullen. Is there a reason why all Corfe Mullen property lawyers are not on all lender panels?
Even though it may seem unfair for lenders to limit who can represent them, from the public’s or lawyer’s perspective, the other side of the coin is that lending institutions are increasingly anxious and feel it vital to protect them against mortgage fraud. As a result of this concern lenders are limiting their conveyancing panel to a manageable size.
My Solicitor in Corfe Mullen is not on the Bank of Ireland Solicitor Panel. Can I still continue with my family solicitor notwithstanding that they are excluded from the Bank of Ireland list of approved lawyers?
Your options are as follows:
- Complete the purchase with your preferred Corfe Mullen lawyers but Bank of Ireland will need to retain a lawyer on their panel. This will inevitably rack up the total legal fees and cause delays.
- Find an alternative practitioner to act in the conveyancing, not forgetting to check they are Convince your conveyancer to do everything within their powers to join the Bank of Ireland conveyancing panel
In my capacity as executor for the will of my uncle I am selling a residence in Cardiff but I am based in Corfe Mullen. My lawyer (based 200 kilometers awayneeds me to sign a stat dec before the transaction finalising. Can you recommend a conveyancing solicitor in Corfe Mullen who can attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are based in Corfe Mullen
Last May I purchased a leasehold house in Corfe Mullen. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I acquired a ground floor flat in Corfe Mullen, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Corfe Mullen with a long lease are worth £181,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease terminates on 21st October 2074
With just 51 years left to run we estimate the price of your lease extension to range between £30,400 and £35,200 plus costs.
The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.
We are contemplating choosing an online property lawyer ahead of a Corfe Mullen conveyancing practice. Am I making a mistake?
Numerous benefits exist in having the opportunity to visit a local Corfe Mullen conveyancing solicitor for instance
- signing documents on short notice
- often being able to see someone face-to-face can make a significant difference, particularly for more complex house moves
- the ability to raise concerns if things need to addressed
When analysing estimates, look out for hidden extras. Most decent Corfe Mullen high street solicitors give an all-inclusive price. Many online companies seem to offer discounted fees, but have burried 'extras' in the in the terms and conditions.