Can you explain why leasehold purchase conveyancing in St Margarets is more expensive?
St Margarets leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
We are hoping to buy a 1 bedroom flat in St Margarets with a homeloan from Birmingham Midshires.We would like to retain our St Margarets conveyancing practitioner but Birmingham Midshires informed us he's not listed on their "panel". It seems we are left with no choice but to instruct a Birmingham Midshires panel firm or retain our local solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; Can we not simply insist that Birmingham Midshires use our lawyer?
No, not really. The mortgage issued to you contains terms and conditions, a common one being that conveyancers will be on the Birmingham Midshires conveyancing panel. Until recently, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Birmingham Midshires
Me and my brother own a renovated Edwardian property in St Margarets. Conveyancing practitioner acted for me and Virgin Money. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in St Margarets and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with the conveyancing practitioner who completed the work.
What makes your site different to other web based conveyancing solicitors when it comes to conveyancing in St Margarets?
At this site receive a conveyancing quote via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in St Margarets. As opposed to estate agents and brokerage sites we do not have referral arrangements with solicitors. Some agents and online brokers 'recommend' solicitors that pays the most commission, not the best value conveyancing in St Margarets
My husband and I are novice buyers - agreed a price, yet the estate agent advised that the owners will only move forward if we appoint their chosen lawyers as they want a ‘quick sale’. My instinct tells me that we should use a high street solicitor used to conveyancing in St Margarets
It is unlikely the owners are driving this. If they require ‘a quick sale', alienating a genuine purchaser is counter productive. Try to communicate with the sellers directly and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you will continue to use your own,trusted St Margarets conveyancing lawyers - rather thanthe ones that will provide the estate agent a referral fee or hit his conveyancing thresholds set by senior management.