We see that you have a post code search directory identifying law firms on the Clydesdale conveyancing panel. Do companies pay you a commission if I retain them for our conveyancing in Looe?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Looe.
Forgive me if this question is silly but I am new to the home moving as FTB of a two bedroom flat in Looe. Do I pick up the keys to the house on completion from my conveyancer? If so, I will instruct a local conveyancing solicitor in Looe?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's solicitors, and shortly after the monies have arrived, you should be invited to collect the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
When it comes to lenders such as Barclays, do Looe solicitors incur a yearly amount to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Can I be sure that the Looe conveyancing solicitor on the Leeds Building Society panel is any good?
When it comes to conveyancing in Looe seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor handling your transaction.
Am I right to be wary about brokers that I am dealing with are encouraging me to use a web based conveyancing firm rather than a High Street Looe conveyancing firm?
As is the case with lots of professional services, often referrals from family and friends can be worth their weight in gold. Yet there are numerous players in a conveyancing deal; estate agents, financial adviser and banks might all recommend lawyers to retain. On occasion the conveyancers might be known to one of the organisations as being good in their field, but sometimes there behind the scenes financial incentive behind the endorsement. You are at liberty to select your preferred lawyer. You need to be aware that the majority of lenders operate an approved list of law firms you have to use for the lender aspect of your transaction.
I am employed by a long established estate agent office in Looe where we have witnessed a few leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have been given conflicting advice from local Looe conveyancing solicitors. Please can you confirm whether the owner of a flat can start the lease extension process for the buyer?
As long as the seller has owned the lease 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. This means that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord 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 purchaser.
I acquired a 1st floor flat in Looe, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding properties in Looe with over 90 years remaining are worth £185,000. The ground rent is £65 charged once a year. The lease finishes on 21st October 2082
You have 61 years remaining on your lease the likely cost is going to span between £19,000 and £22,000 as well as costs.
The figure 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 this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.
We are about to buying a house in Looe. Could our property lawyer have the amount we are are purchasing for a secret from the likes of Zoopla. How could this be achieved ?
HMLR by statute are obliged to reveal price sold data on the official title for domestic properties countrywide including homes in Looe. The register of ownership is an open document, so the Land Registry would be breaching their statutory obligations if they failed to grant access to the register.
You can make a request of HM Land Registry to withhold the price paid data however the answer would be in the negative.