Recently contacted my conveyancing lawyer in Park Hill who completed the legal work 18 months ago and wanted a conveyancing costs illustration based on an identical type of house move (a leasehold premises and a freehold property) of similar values with a loan from Accord Mortgages Ltd. I am now being quoted double. Am I right to be tempted to shop around for an alternative conveyancer?

The quote is slightly on the expensive side. If you are content to spend time scrutinising charges you might decrease the fees marginally by perhaps £125. On the other hand, assuming were content with the service the firm offered you maycome to rue opting for an an unknown solicitor. Remember to check that the firm can represent Accord Mortgages Ltd. Do make use of our search tool to locate a Park Hill conveyancing firm on the Accord Mortgages Ltd member panel, which can often include conveyancing solicitors in Park Hill.

Do I find a Licenced Conveyancer or Solicitor for conveyancing in Park Hill?

There are many registered licenced Conveyancers in Park Hill and Solicitor practices in Park Hill who can help with your conveyancing We would stress that both are supervised by regulatory bodies with both specialising in the legal work in the home buying process. They may both also deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

I have today made my last payment due on my mortgage with Leeds Building Society. I assume I don't need a Park Hill conveyancer on the Leeds Building Society panel to discharge the mortgage at the Land Registry. Am I right?

If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:

1. but are not moving to another property
2. where Leeds Building Society has sent the Land Registry the discharge electronically, and
3. Leeds Building Society has instructed the Land Registry to do so

My offer on a property in Park Hill has been accepted, but there is a chain. The vendors have offered on somewhere, however it’s not been accepted yet, and have viewings of other flats in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Park Hill. What do I do now? At what point should I apply for the mortgage with Virgin Money?

It is understandable to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is approx £1k, then valuation, Park Hill conveyancing search charges, etc). First, you should check that your property lawyer is on the Virgin Money conveyancing panel. As to the subsequent stages this very much depends on the uniqueness of your transaction, motivation for the property and on the state of the market. In a rising market some home buyers will apply for the mortgage with Virgin Money and pay for the valuation and only if it was satisfactory would they pay their conveyancer to move forward with searches.

I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Park Hill is where the house is located. Is there any guidance you can impart?

Flying freeholds in Park Hill are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Park Hill you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Park Hill may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

I am a negotiator for a reputable estate agency in Park Hill where we see a number of flat sales put at risk due to short leases. I have been given contradictory information from local Park Hill conveyancing solicitors. Can you shed some light as to whether the owner of a flat can initiate 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 commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.

Alternatively, it may be possible 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.

Leasehold Conveyancing in Park Hill - Examples of Queries before buying

The prefered form of lease arrangement is if the freehold reversion is in the ownership of the leaseholders. In this situation the tenants benefit from being in charge if their destiny and notwithstanding that a managing agent is often employed if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves. You should be aware if it is less than 80 years it will have adverse implications on the value of the apartment. It is worth checking with your mortgage company that they are willing to lend given the lease term. A short lease means that you will most likely have to extend the lease at some point and you need to have some idea of how much this will be. Remember, in most cases you would need to own the premises for a couple of years in order to be eligible to exercise a lease extension. Who are the managing agents?

Online reading suggests that Park Hill solicitors are more expensive than Park Hill conveyancers in Park Hill to use when purchasing a property. Am I better off using a conveyancer or a solicitor where I am purchasing a house in Park Hill.

When it comes to conveyancing in Park Hill the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.