Do I need to visit the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Bourton on the Water so that I can pop in to their offices when needed.
As opposed to 15 years ago, the vast majority lenders no longer require their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to hand over identification documents and there are still distinct benefits to instructing a local ayer, in your situation a conveyancing solicitor in Bourton on the Water.
I have paid off my mortgage with Virgin Money. I assume I don't need a Bourton on the Water solicitor on the Virgin Money panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Virgin Money 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 Virgin Money mortgage from the register. Virgin Money, 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 Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
After weeks of negotiation I have agreed a price on an apartment in Bourton on the Water. My financial adviser pressured me to appoint their conveyancer. I paid an advanced payment of £225. A few days later, the conveyancing practitioner called me sheepishly admitting that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Our sealed bid on a house in Bourton on the Water has been agreed to, but there is a chain. The owners have put an offer on somewhere, however it’s not yet agreed to, and have viewings of other flats booked. I have selected a nearby conveyancing solicitor in Bourton on the Water. What should be my next step? At what stage do I apply for the mortgage with Santander?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then survey, Bourton on the Water conveyancing search charges, etc). First, you should ensure that your property lawyer is on the Santander approved list. Concerning the subsequent stages this very much dictated by the specifics of your transaction, desire for the property and on the state of the market. During a hot market some purchasers will apply for a home loan with Santander and pay for the valuation and only if it comes back ok would they pay their property lawyer to press on with searches.
Is there anything unique about your site and other online quote calculators when it comes to conveyancing in Bourton on the Water?
At this site get an accurate costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Bourton on the Water. Unlike many estate agents and brokerage sites we do not operate referral arrangements with solicitors. A large number of agents and online brokers 'recommend' the firm paying the highest per referral, as opposed to the best value conveyancing in Bourton on the Water
I am 14 days into a leasehold purchase having been directed to conveyancers by the local agent to handle our conveyancing in Bourton on the Water. I am am extremely frustrated with the level of service. Could you you assist me in finding new lawyers?
A lawyer would need to be very poor in order to consider replacing them. Has your mortgage been sent? If so you need to make them aware of the new contact details and have the mortgage documents are re-issued. Your new solicitor ideally needs to be on the banks panel to avoid escalating expenses and complications. That should be your first question of the new lawyers. The find a solicitor tool will assist you in finding a bank approved lawyer for your home move in Bourton on the Water
Last January I purchased a leasehold property in Bourton on the Water. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a 1st floor flat in Bourton on the Water, conveyancing having been completed half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Bourton on the Water with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ends on 21st October 2092
With just 67 years left to run we estimate the premium for your lease extension to be between £10,500 and £12,000 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
We had our home loan approved on Tuesday with our lender. We have retained a long established conveyancer in Bourton on the Water yesterday. This morning, our mortgage adviser contacted us saying that the bank said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we did not have a clue that the mortgage company had some control over our choice Is this permitted?
You are at liberty to instruct any lawyer you prefer to use including the said conveyancer in Bourton on the Water but if they are not on the your lender's approved list you must pay an extra fee so the mortgage company can instruct their own solicitors as well to protect their interest. sometimes it is conceivable that your solicitor may apply to get included on to the lender panel. You can use online search facilities including lenderpanel.com to find a conveyancing solcitor in Bourton on the Water on the bank panel. You can go into your high street lender branch in Bourton on the Water. They will know some good conveyancing solicitors in Bourton on the Water on the panel for your mortgage company.