Do banks and building societies provide you with an approved list of Liss conveyancing solicitors? How do you know who is on the Nottingham conveyancing panel?

Liss conveyancing firms themselves provide us confirmation that they are on the Nottingham conveyancing panel as opposed to being supplied with a list from Nottingham directly.

How does conveyancing in Liss differ for new build properties?

Most buyers of new build property in Liss come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Liss tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Liss or who has acted in the same development.

My husband and I are 3 weeks into a freehold purchase having been directed to a firm by the local agent to perform conveyancing in Liss. I am not happy. Could you help me find new lawyers?

They would have to be very bad in order to consider diss instructing them. Has your mortgage been generated? If so you will need to make them aware of the new conveyancer and ensure the mortgage documents are issued to the new lawyers. Your new solicitor ideally should be on the lenders panel to avoid added charges and complications. That should be your first question of the new conveyancers. The find a solicitor tool can help you find a bank approved conveyancer for your conveyancing in Liss

I am a negotiator for a reputable estate agency in Liss where we have experienced a few leasehold sales jeopardised due to short leases. I have been given contradictory information from local Liss conveyancing solicitors. Can you clarify whether the seller of a flat can instigate the lease extension process for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.

An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Liss Leasehold Conveyancing - A selection of Questions you should consider Prior to buying

You should be aware that where the lease has no more than eighty years it will affect the salability of the apartment. It is worth checking with your bank that they are content with remaining years on the lease. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth discovering how much this will be. For most Lisslease extensions you will be be obliged to have owned the residence for two years in order to be eligible to extend the lease. The best form of lease structure is where the freehold reversion is in the ownership of the leaseholders. In this arrangement the tenants have control and although a managing agent is frequently retained if the building is larger than a house conversion, the managing agent is directed by the tenants. What is the service charge and ground rent on the flat?

Been searching for a property lawyer for freehold sale conveyancing in Liss. I'm selling, simple no mortgage to redeem, no hurry, currently empty. Received an estimate from a solicitor for £1000 including VAT which is a tad expensive considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Liss?

Considering it’s a sale only, £425 + VAT should be about the lowest for a Liss solicitor firm.