I was told recently by my mortgage adviser that my Fairford solicitor is not on the lender Solicitor panel. How can I check?
The first thing you need to do is to call your Fairford conveyancer. It is reasonable to expect your lawyer to inform you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
I am hoping to move into my new home in Fairford next Tuesday. My solicitor now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the mortgage company. What does the insurance need to cover?
Any lawyer on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook instructions. These obligations are not unique to conveyancing in Fairford.
My relative recommended that where I am purchasing in Fairford I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Fairford conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Fairford around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Fairford Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Fairford Education with plans and statistics, Local Amenities and other useful data concerning Fairford.
My husband and I are new on the property ladder - had an offer accepted, but the property agent has warned us that the owners will only move forward if we use the agent's preferred lawyers as they want a ‘quick sale’. We would rather use a local conveyancer who is familiar with conveyancing in Fairford
We suspect that the seller is not behind this request. Should the seller require ‘a quick sale', taking such a hostile approach to a motivated buyer is not the way to achieve this. Contact the vendors directly and make the point that (a)you are motivated purchasers (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you intend to use your own,trusted Fairford conveyancing solicitors - not the ones that will earn the negotiator at the agency a commission or meet his conveyancing figures demanded by corporate headquarters.
Having checked my lease I have discovered that there are only 68 years remaining on my flat in Fairford. I now wish to get lease extension but my freeholder is can not be found. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to prove that you have made all reasonable attempts to find the landlord. For most situations a specialist should be useful to try and locate and prepare a report to be accepted by the court as evidence that the freeholder is indeed missing. It is wise to seek advice from a conveyancer in relation to proving the landlord’s absence and the application to the County Court overseeing Fairford.
I am the registered owner of a leasehold flat in Fairford, conveyancing was carried out in 1996. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Fairford with an extended lease are worth £206,000. The ground rent is £45 yearly. The lease expires on 21st October 2090
With 67 years left to run the likely cost is going to span between £10,500 and £12,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.