The mortgage offer from Nationwide for the refinancing of my 4 bedroom flat is coming by the end of next week. Could you put forward a cheap conveyancing law firm in Preston Park?
This site is not designed to help those in pursuit of the cheapest conveyancing solicitors in Preston Park. Our aim is to provide cost effective conveyancing but we do not aim to advertise as being the cheapest. Resist the temptation to appoint organisations seducing you with £99 conveyancing in Preston Park. In your best case scenario, in deciding on cheap conveyancing, you will get your money’s worth and at worst it will result in you invoiced for extras and still not receive the service expected.
I am currently in the process of buying my council flat in Preston Park. I have a mortgage agreed with Principality. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
About to purchase apartment in Preston Park. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Preston Park conveyancer is on the Aldermore conveyancing panel.
I have instructed a Preston Park conveyancer having checked that they are on the Principality conveyancing panel. Does my lawyer arrange the survey of the property?
Principality will need an independent valuation of the property. Your lawyer will not arrange this. Usually Principality will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Preston Park surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
It has been three months since my purchase conveyancing in Preston Park completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I opted to have a survey carried out on a property in Preston Park prior to retaining lawyers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies may refuse to give a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you e-mail us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Preston Park. Conveyancing may be slightly more expensive based on your lender's requirements.
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a great price which is making it all the more appealing. I have subsequently been informed that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Preston Park. Conveyancing advisers have are soon to be instructed. Will they explain the issues?
Most houses in Preston Park are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are purchasing in Preston Park so you should seriously consider shopping around for a Preston Park conveyancing solicitor and be sure that they are used to transacting on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’sconsent to conduct alterations. You may also be required to pay a service charge towards the maintenance of the estate where the house is part of an estate. Your lawyer should report to you on the legal implications.
Leasehold Conveyancing in Preston Park - A selection of Questions you should ask before Purchasing
Many Preston Park leasehold apartments will have a service bill for maintenance of the block invoiced on behalf of the management company. Where you acquire the property you will have to pay this contribution, normally in instalments throughout the year. This can differ from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common areas. There will also be a rentcharge for you to pay yearly, normally this is not a significant amount, say around £50-£100 but you need to check as sometimes it can be many hundreds of pounds. Best to be warned whether a new roof is being installed or some other major work is coming up to be shared between the tenants and will materially increase the the service charges or necessitate a specific payment. What is the yearly maintenance fee and ground rent?