Why do I have to pay up front for conveyancing in Dewsbury?
Where you are retaining lawyers for conveyancing in Dewsbury your lawyer will ask you put them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. When the deposit is as part of the total price then this will be asked for shortly prior to contracts are exchanged. Any further balance that is due should be sent to your lawyer shortly before completion.
I have been on the look out for a leasehold apartment up to £195,000 and found one round the corner in Dewsbury I like with open areas and transport links nearby, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Dewsbury in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage the shortness of the lease will be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
I'm remortgaging my current property to a buy to let mortgage with and intend to use the remaining equity as a down payment on further house. The location we are interested in is Dewsbury. Will your lawyers be able to act for both sets of banks and link together the conveyances?
Make use of our comparison tool on this page to ensure that the lawyers are on the relevant lender panels. Assuming that they are the conveyancer should be able to simultaneously deal with the two deals but you should talk with you solicitor and make clear your expectations and needs.