Can you explain why leasehold purchase conveyancing in Dartmouth Park costs more?
In short, leasehold conveyancing in Dartmouth Park and North London usually requires more hours of investigation compared to freehold conveyancing. This includes reviewing the lease, corresponding with the landlord concerning the service of appropriate notices, securing current service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first entered into.
We hope to to purchase with Coventry BS. We have called around locally yet am unable to find a Dartmouth Park conveyancing firm on the Coventry BS approved list. Please you help?
You should make use of the find a lender approved solicitor tool on this site. Please choose the mortgage company and type Dartmouth Park or your preferred area and you will discover numerous conveyancers located in Dartmouth Park or by proximity to you.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Dartmouth Park bank branch on various occasions and was told it does not affect the mortgage offer and they will lend. My Dartmouth Park conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend based on their specific requirements. Who do I believe?
Provided that the conveyancing practitioner is on the lender approved list, they must follow the CML Handbook provisions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I recently had an offer agreed on an apartment in Dartmouth Park. My financial adviser suggested a lawyer. I paid an upfront payment of £200. Shortly after, the lawyer contacted me to say that they were not on the Leeds Building Society 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 Leeds Building Society 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.
I am selling my apartment. I had a double glazing fitted in June 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Virgin Money are being pedantic. The Dartmouth Park solicitor who is on the Virgin Money conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Virgin Money are insisting on a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Over the last few months I have been searching for a flat up to £195,000 and found one close by in Dartmouth Park I like with open areas and railway links nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Dartmouth Park for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage that many years will be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
My father has suggested that I instruct his lawyers for conveyancing in Dartmouth Park. Should I find my own solicitor?
There are no two ways about it it’s preferable to find a conveyancing lawyer is to seek guidance from friends or relatives who have previously instructed the firm that you are contemplating using.