We selected a Ludgershall based solicitor for my conveyancing in Ludgershall today. Upon checking the terms of engagement I notewe are responsible for charges even if the dealdoes not proceed. Should I go with them or choose an on-line lawyer promoting no move no charge conveyancing in Ludgershall?
Generally there is a compromise along the lines that if "No Sale No Fee" is advertised then the fee levels will tend to be be uplifted to offset those conveyances that do not go ahead. Do bear in mind that these schemes generally do not cover disbursements such as Ludgershall conveyancing search fees.
All was ready to complete my purchase in Ludgershall next Friday. My lawyer now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What does the insurance need to cover?
Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These requirements are not specific to conveyancing in Ludgershall.
I had intended to instruct a conveyancing solicitor in Ludgershall for our house purchase. Our financial adviser has since advised us that our mortgage company Clydesdale won't deal with them. Surely this is unfair competition?
A mortgage company will require a panel solicitor act for it. Borrowers are expected to bear the charges for this. Do use our directory service to find a solicitor to conduct conveyancing in Ludgershall on the Clydesdale approved list of solicitors.
I have been on the look out for a flat up to £245,000 and found one near me in Ludgershall I like with open areas and transport links nearby, the downside is that it only has 52 years unexpired on the lease. There is not much else in Ludgershall in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage that many years will likely be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
Finally our conveyancing in Ludgershall is set to complete next Friday, yet the sellers I am buying off wishes to move out 24 hours later at midday. Can I agree to this?
Where you are having a mortgage then your conveyancing practitioner will require that the property isvacant on Friday - the bank will insist on it.