Is there a reason why leasehold purchase conveyancing in Greenfield costs more?
Greenfield leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Due to the encouragement of my in-laws I had a survey completed on a property in Greenfield ahead of instructing conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some lenders may not give a mortgage on such a property.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Greenfield. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Greenfield to see if the conveyancing costs will increase in light of this.
Am I right to be concerned by estate agents that I am dealing with are suggesting a web based conveyancing firm as opposed to a local Greenfield conveyancing company?
As with many service providers, often input from family and friends can be extremely useful or valuable. But there are numerous parties with a vested interest in a conveyancing deal; estate agents, mortgage brokers and mortgage companies may recommend conveyancers to choose. On occasion the conveyancers might be known to one of the organisations as one of the best in their field, but occasionally there behind the scenes financial incentive behind the recommendation. You are at liberty to select your own lawyer. You need to be aware that some banks specify a panel list of law firms you have to use for the mortgage aspect of your house move.
I need to retain a conveyancing solicitor for sale conveyancing in Greenfield. I happened to land on a web site which seems to have the perfect solution If there is a chance to get all the legals done via web that would be preferable. Do I need to 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?
How and when do I incur the Stamp Duty Land Tax due for my house transaction in Greenfield?
Your property lawyer will fill out a stamp duty return on your behalf during your Greenfield conveyancing transaction for you to sign. On completion your solicitor will submit your STL application to the Inland Revenue and - as long as they have the funds - settle any Stamp Duty liability on your behalf.