I selected a Ampthill based lawyer for our conveyancing in Ampthill yesterday. After carefully reading the terms of engagement I noteI am responsible for costs even if the movedoes not happen. Should I go with them or instruct an on-line conveyancing brokerage advertising no move no charge conveyancing in Ampthill?
It is usually a trade off in that if "No Sale No Fee" is offered then the fee levels will tend to be be uplifted to counteract those transactions that fail to complete. You should be mindful that these arrangements tend not to protect you from expenses for instance Ampthill conveyancing search charges.
I am buying a house mortgage free in Ampthill. I have been residing for the last dozen years in Ampthill. Conveyancing searches are exorbitant. As I know the area and road intimately must I have all the conveyancing searches?
Provided that you do not need a mortgage, then the vast majority of the Ampthill conveyancing searches are optional. Your solicitor will ’encourage you, perhaps strongly, that you should have searches done, but she has a professional duty to take that path of encouragement . Do bear in mind; if you are going to dispose of the house at a future date, it will likely be be of relevance to your future purchaser what the searches determine. Sometimes properties with functional issues can still throw up unexpected search results. A competent conveyancing solicitor in Ampthill should be able to give you some helpful advice concerning this.
I purchased a freehold premises in Ampthill yet invoiced for rent, why is this and what is this?
It is rare for properties in Ampthill and has limited impact for conveyancing in Ampthill but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Are all Ampthill Conveyancing Quality Solicitors on the UBS conveyancing panel?
A selection of lenders now make use of CQS as the kick off point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their panels.
I have today made my last payment due on my mortgage with HSBC. I assume I don't need a Ampthill lawyer on the HSBC panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your HSBC mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the HSBC mortgage from the register. HSBC, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
Planning on purchasing a flat in Ampthill. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Ampthill property lawyer is on the Leeds Building Society conveyancing panel.
Due to the input of my in-laws I had a survey completed on a house in Ampthill before appointing solicitors. I have been advised that there is a flying freehold element to the property. The surveyor advised that some lenders tend not grant a loan on this type of house.
It varies from the lender to lender. Lloyds has different instructions from Halifax. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Ampthill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ampthill to see if the conveyancing will be more expensive.
My father has encouraged me to instruct his conveyancing solicitors in Ampthill. Should I use them?
Much as we are happy to recommend a Ampthill conveyancing lawyer it’s preferable to find a conveyancing practitioner is to seek referrals from friends or family who have used the solicitor that you are contemplating using.