Me and my partner are purchasing a 2 bedroom flat in Fairwater with a mortgage. We have a Fairwater lawyer, but the mortgage company advise he's not on their "panel". We have to appoint one of the lender panel conveyancing practices or retain our Fairwater conveyancer as well as pay for one of their panel ones to act for them. This feels very unfair; can we not insist that the bank use our Fairwater lawyer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Fairwater conveyancing lawyer to apply to be on the conveyancing panel.
I am assisting my aunt sell her flat in Fairwater. Will the conveyancing solicitor arrange an EPC or it is for the owner to see to?
Following the abolition of Home Packs, EPC’s was kept a mandatory part of moving house. An energy assessment must be to hand in advance of the property being advertised. It is not as aspect of the sale process that law firms normally arrange. Where you are instructing a Fairwater conveyancing practitioner they may help arrange energy assessments given their relationships with reputable Fairwater energy assessors
My bid for a property was accepted at auction in Fairwater. Conveyancing is needed. What is next?
Having legally bound yourself to purchase you will need to appoint a conveyancing lawyer soon as you are facing a fast approaching deadline in which to complete the transaction. Every auction property should have a corresponding legal pack. This will include most,if not all of the documents that your lawyer will need. Where you are dealing with leasehold premises the auction pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You must hand this to your appointed conveyancing solicitor ASAP. You also need to ensure that you have funds in order to complete the transaction on the set completion date.
We are getting a further advance on our home loan from Clydesdale as we want to conduct alterations to our home in Fairwater. Do we need to appoint a bricks and mortar Fairwater solicitor on the Clydesdale conveyancing panel to deal with the paperwork?
Clydesdale would not normally instruct firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale panel.
The estate agent has sent us the confirmation of our purchase of a new build flat in Fairwater. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Fairwater
Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I am using a search engine for the words on line conveyancing in Fairwater it brings up numerous conveyancersin the area. With so much choice what is the best way to find the right property lawyer for my move?
The preferential way of seeking a suitable conveyancer is through a personal testimonial, so enquire of colleagues and those you trust who have purchased a property in Fairwater or the local estate agent or financial adviser. Costs for conveyancing in Fairwater vary, so it's a good idea to obtain a minimum of three quotes from varying types of property lawyers. Make sure that you clarify that the fees are fixed.
I am tempted by the attractive purchase price for a couple of maisonettes in Fairwater both have about fifty years unexpired on the lease term. Do I need to be concerned?
There are plenty of short leases in Fairwater. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease gets shorter the value of the lease deteriorates and it becomes more expensive to acquire a lease extension. This is why it is advisable to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders may be unwilling to lend money on such properties. Lease extension can be a difficult process. We advise that you get professional help from a conveyancer and surveyor with experience in this area.
Leasehold Conveyancing in Fairwater - Examples of Queries before buying
Please inform me if there are any major works anticipated that will add a premium to the maintenance costs? Are any of leasehold owners in arrears of their service charge liability?