Is there a reason why leasehold purchase conveyancing in Lifton is more expensive?
The conveyancing fees on a leasehold premises in Lifton is frequently higher when contrasted to a freehold acquisition or disposal. This is due to the extra investigations required in corresponding with the freeholder and managing agents to collate the evidence about whether the rent and service charges have been paid and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the block.
I am purchasing a semi-detached house in Lifton. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Lifton you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Lifton.
We had selected conveyancing lawyers with offices in Lifton on the Bank of Ireland solicitor panel. They have just invoiced me a further sum for dealing with the Bank of Ireland mortgage. Is this an additional conveyancing fee specified by Bank of Ireland?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your conveyancing practitioner may levy a fee for this. This fee is not set by Bank of Ireland but by your Lifton property lawyer. Numerous firms on the Bank of Ireland panel will charge ’dealing with mortgage’ fee and others do not.
I have paid off my mortgage with Santander. I assume I don't need a Lifton conveyancer on the Santander panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
After what feels like an age I have had an offer on a flat in Lifton accepted, but there is a chain. The owners have offered on somewhere, however it’s not yet agreed to, and are looking at other apartments booked. I have instructed a bricks and mortar conveyancing solicitor in Lifton. What do I do now? When should I get the mortgage application with UBS started?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx £1k, then valuation, Lifton conveyancing search costs, etc). First, you should check that your lawyer is on the UBS approved list. As to the next phase this very much depends on the circumstances of your case, motivation for the property and on the state of the market. In a hot market the majority of purchasers will apply for the mortgage with UBS and pay for the valuation and only if it comes back ok would they request their solicitor to proceed with searches.
I opted to have a survey carried out on a property in Lifton in advance of appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some lenders may refuse to grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lifton. Conveyancing will be smoother if you use a solicitor in Lifton especially if they are familiar with such properties in Lifton.
What can I do to establish who owns a house in Lifton?
Provided the property is registered with HMLR, and you have the information of the address of the property, you should be able to view details from the HMLR of the registered owner for a for less than a fiver.