I am looking for value for money conveyancer. Do I opt for a web based conveyancer rather than a local March conveyancing solicitor?
Existing third party relationships are another important factor to consider when appointing conveyancing solicitors. March conveyancers benefit from connections with financial advisers and estate, local authorities, valuers and other conveyancing firms meaning the whole process is going to be much smoother for you. Having a sound experience in the local area is also a plus .
Having sold my house in March last August but my buyer keeps calling me to say his conveyancer needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
After completion of your sale your conveyancer is committed to deliver the transfer deeds and all of the paperwork to the purchaser's conveyancer. Where appropriate, your lawyer should also evidence that the home loan has been paid off to the purchasers conveyancers. There is unlikely to be post completion formalities unique to conveyancing in March.
I am purchasing my first flat in March with a mortgage from Aldermore. The sellers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not to tell my lawyer about this extras as it will impact my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Should I appoint a March conveyancing lawyer in close proximity to the house I am buying? I have an old university friend who can perform the conveyancing however they are based approximately 350kilometers away.
The primary upside of using a high street March conveyancing practice is that you can visit the firm to execute paperwork, hand in your identification documents and pester them if necessary. They will also have local intelligence which is a benefit. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and on the whole were impressed that should outweigh using an unknown March conveyancing solicitor just because they are based in the area.
I am hoping to put an offer on a small detached house that seems to be perfect, at a great figure which is making it more attractive. I have subsequently discovered that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a leasehold house in March. Conveyancing lawyers have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in March ?
Most houses in March are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. It is clear that you are buying in March so you should seriously consider looking for a March conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’spermission to carry out alterations. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the house is located on an estate. Your lawyer will advise you fully on all the issues.
Leasehold Conveyancing in March - Examples of Questions you should ask Prior to buying
The prefered form of lease arrangement is a share of the freehold. In this scenario the lessees enjoy being in charge if their destiny and although a managing agent is often employed if the building is larger than a house conversion, the managing agent acts for the leaseholders themselves. If a March lease has no more than 80 years it will affect the marketability of the property. It is worth checking with your bank that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will probably require a lease extension at some point and you need to have some idea of how much this would cost. Remember, in most cases you would need to own the property for a couple of years before you are eligible to extend the lease. How many of the leaseholders are in arrears for their maintenance charge payments?