Recently contacted my conveyancing solicitor in Newbury who completed the legal work 18 months ago asking for a conveyancing estimate based on an identical type of home move (a leasehold premises and a freehold premises) of almost identical values with a loan from Norwich and Peterborough Building Society. I am now being charged twice the amount. Better the devil I know or do I try and find an alternative property lawyer?
The costs illustration is slightly on the steep side. If you you were to look around you might trim some of the cost by as much as £125. That being said, if you were pleased with the service the firm provided you couldcome to rue choosing an an untested solicitor. If is important to be sure that the firm can represent Norwich and Peterborough Building Society. You can use our search tool to select a Newbury conveyancing firm on the Norwich and Peterborough Building Society approved list of lawyers, which can often include conveyancing solicitors in Newbury.
My Newbury conveyancer has uncovered an inconsistency when comparing the surveyor’s assumptions in the valuation report and what is in the legal papers for the property. My lawyer has advised that he is duty bound to ensure that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s stance appropriate?
Your lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Do banks and building societies provide you with an approved list of Newbury conveyancing solicitors? How do you know who is on the Bank of Ireland conveyancing panel?
Newbury conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.
I have justdiscovered that Arc property Solicitors have closed. They carried out my conveyancing in Newbury for a purchase of a leasehold flat 10 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The quickest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Newbury conveyancing specialists.
My husband and I may need to sub-let our Newbury basement flat for a while due to taking a sabbatical. We used a Newbury conveyancing firm in 2001 but they have closed and we did not have the foresight to seek any guidance as to whether the lease allows us to sublet. How do we find out?
Notwithstanding that your last Newbury conveyancing solicitor is no longer around you can check your lease to see if it allows you to sublet the property. The accepted inference is that if the lease is silent, subletting is permitted. Quite often there is a prerequisite that you need to obtain permission via your landlord or some other party in advance of subletting. This means that you cannot sublet without prior permission. Such consent should not be unreasonably turned down. If your lease does not allow you to sublet you should ask your landlord if they are willing to waive this restriction.
I am the registered owner of a studio flat in Newbury, conveyancing was carried out in 1995. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Newbury with a long lease are worth £260,000. The ground rent is £45 yearly. The lease comes to an end on 21st October 2096
You have 75 years remaining on your lease we estimate the price of your lease extension to be between £8,600 and £9,800 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.