We note that you have a search directory identifying firms on the Aldermore conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Studley?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Studley.
Is there a search tool that I can utilise to find out if the solicitor conducting my conveyancing in Studley is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Santander thus paying £192.00 in further legal invoice.
Feel free to make use of the search tool on this page. Please choose the lender and type ‘Studley’ or your preferred area and you will discover numerous conveyancers based in Studley or by proximity to you.
How does conveyancing in Studley differ for newly converted properties?
Most buyers of new build property in Studley approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because house builders in Studley usually buy the land, 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 property lawyers 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 Studley or who has acted in the same development.
Am I better off to use a Studley conveyancing solicitor based in the vicinity that I am purchasing? An old friend can carry out the legal formalities but his firm is located 300miles drive away.
The primary upside of using a high street Studley conveyancing firm is that you can drop in to sign documents, deliver your identification documents and apply pressure on them if necessary. Having local Studley know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and in the main were happy that must trump using an unfamiliar Studley conveyancing lawyer solely due to them being Studley based.
I've found a house that appears to meet my requirements, at a great price which is making it more attractive. I have since found out that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in Studley. Conveyancing solicitors have not yet been appointed. Will my lawyers set out the risks of buying a leasehold house in Studley ?
The majority of houses in Studley are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. It is clear that you are purchasing in Studley in which case you should be looking for a Studley conveyancing solicitor and check 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 with the house. The lease comes with conditions such as requiring the landlord’sconsent to conduct changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the estate where the property is part of an estate. Your solicitor should appraise you on the various issues.
I bought a studio flat in Studley, conveyancing having been completed August 1997. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Studley with a long lease are worth £191,000. The ground rent is £55 charged once a year. The lease terminates on 21st October 2072
You have 53 years unexpired we estimate the price of your lease extension to range between £27,600 and £31,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.