It may have been a long time coming a loan agreement from Santander for the remortgage of my 4 room maisonette is coming by the end of next week. Could you suggest a cheap conveyancing law firm in St George?
You are on the wrong site if you are seeking cut-price fees for conveyancing solicitors in St George. Our goal is to offer affordable conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing brokers enticing you with £100 conveyancing in St George. In your best case scenario, in going for low cost conveyancing, you will get your money’s worth and at worst you will end up with a surprising uplift in additional fees and still not end up with the service you were hoping for.
My lawyer has identified a a legal deficiency with the lease for the property we are buying in St George. The other side have put forward defective title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancer has advised that he must check that the mortgage company is content with this solution. Are we the client or is the bank?
Notwithstanding that you have a mortgage offer from the bank does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the bank are the client. These conveyancing instructions must be adhered to.
I used Action Conveyancing a few years ago for my conveyancing in St George. Now, I need my files but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in St George of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in St George differ for newly converted properties?
Most buyers of new build premises in St George contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is completed. This is because developers in St George tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in St George or who has acted in the same development.
I am looking for a leasehold apartment up to £305k and identified one round the corner in St George I like with amenity areas and transport links nearby, however it's only got 61 years unexpired on the lease. There is not much else in St George for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage that many years will likely be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.