We wanted to use a property lawyer in The Park for our house move. Our financial adviser informed us that our mortgage lenders Leeds Building Society won't deal with them. Why is this not regarded as unfair competition?
A decade ago most mortgage companies had an appetite for risk which was higher than today. Almost all The Park conveyancing firms would have been on many mortgage company panels. The financial services regulator in 2010 completed a thematic investigation into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more data from law firms concerning their operations and their employees as well as set certain criteria such a completing on a minimum volume of conveyancing. Many The Park conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. The Park is amongst the many locations where the solicitors showing on our search results are are approved Leeds Building Society.
My friend advised me that if I am purchasing in The Park I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard The Park conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about The Park around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the The Park Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, The Park Education with maps and statistics, Local Amenities and other useful data regarding The Park.
I am looking for a ground for flat up to £195,000 and found one round the corner in The Park I like with amenity areas and railway links in the vicinity, however it only has 49 years on the lease. There is not much else in The Park in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan the shortness of the lease will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you can 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 term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
I am a sole trader looking to take an assignment of a lease of a shop on a shopping parade. Can you recommend lawyers offering competitive costs for commercial conveyancing in The Park for below 1500k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in The Park, including the sale and purchase of businesses as well as simply property. Whether you are intending to buy or sell a shop, pub, restaurant, office, retail unit or a whole business we can find you the right lawyer. Regarding the fees these will vary based on the structure and nuances of the deal. Let us have your contact information or email us so that we may furnish you with a fixed commercial conveyancing calculation.
I am using a search engine for the term conveyancing in The Park it shows results of numerous conveyancersin the vicinity. How do I determine which is the right conveyancing solicitor for my move?
The preferential method of seeking a suitable conveyancer is through a trusted recommendation, so enquire of friends and those you trust who have acquired a property in The Park or a respected estate agent or financial adviser. Costs for conveyancing in The Park vary, so it's sensible to obtain at least three quotes from varying types of conveyancers. Be sure to obtain confirmation that the fees are fixed.