Last month we had a mortgage agreed in principle with Barclays. Ashbourne conveyancing lawyers are instructed. What is the average time that one could expect to receive a mortgage offer from Barclays?
There is no definitive answer here. Have Barclays conducted the survey? Have you advised Barclays as to your lawyers' details and checked that your lawyers are on the Barclays conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
My husband and I are at the point of looking at flats in Ashbourne and I am about to put in an offer. Is it advisable to have a lawyer on ‘stand by’? I am planning to take a home loan with Leeds Building Society.
It would be advisable to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are obtaining a mortgage with Leeds Building Society, ask your prospective lawyers if they are on the Leeds Building Society conveyancing panel otherwise they can't do the mortgage legal work.
Planning on purchasing a house in Ashbourne. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB 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 Ashbourne property lawyer is on the TSB conveyancing panel.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to take this when buying a property in Ashbourne? or Apparently there is a law dating back centuries that means some house owners residing in a parish church boundary may be liable to pay for maintenance to the chancel in proximity to the church. Is this applicable for conveyancing in Ashbourne?
Unless a prior purchase of the property completed post 12 October 2013 you could assume that lawyers delivering conveyancing in Ashbourne to continue to propose a a chancel search and or insurance against a claim.
Me and my brother have a semi-detached Victorian house in Ashbourne. Conveyancing lawyer acted for me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the exact same address. Is it worth asking Bank of Scotland to clarify?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ashbourne and other areas of 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 lenders. You can also enquire as to the position with your conveyancing practitioner who carried out the work.
I'm purchasing a new build house in Ashbourne with a loan from Platform Home Loans Ltd. The developers would not move on the amount so I negotiated £7000 of extras instead. The sale representative suggested that I not to tell my solicitor about this side-deal as it will impact my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In searching the internet for the term cheap conveyancing in Ashbourne it reveals many property lawyerslocally. With so much choice what is the best way to find the right solicitor for the sale of my house?
The best way of seeking the right conveyancer is through a personal recommendation, so ask friends and relatives who have bought a property in Ashbourne or a reputable estate agent or financial adviser. Fees for conveyancing in Ashbourne differ, so it's a good idea to obtain at least four estimates from varying types of conveyancers. Make sure that you clarify that the fees are fixed.
Estate agents have just been given the go-ahead to market my garden apartment in Ashbourne. Conveyancing solicitors are to be appointed soon, however I have just received a yearly service charge demand – should I leave it to the buyer to sort out?
It best that you pay the service charge as normal because all ground rent and maintenance invoices will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I purchased a studio flat in Ashbourne, conveyancing formalities finalised May 2007. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Ashbourne with over 90 years remaining are worth £197,000. The ground rent is £55 yearly. The lease runs out on 21st October 2080
With just 55 years unexpired the likely cost is going to be between £31,400 and £36,200 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 renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues 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 before seeking the advice of a professional.