I'm in the process of transferring my domestic home loan to a Buy to Let Chelsea Building Society mortgage. I was told by my financial advisor that I need a solicitor for this. I got in contact with the same Caterham conveyancing practitioner who acted on my behalf when I first purchased the premises. The quote e-mailed to me of £450 plus VAT has taken me by surprise as its a refinance than a sale or purchase.
The quote is fractionally on the steep side. Where you are happy to invest time comparing charges you could reduce the fees marginally by perhaps a hundred pounds. That being said, if you were content with the legal work the firm gave you maylive to regret opting for an a cheaper conveyancer. Don't forget to enquire the firm can represent Chelsea Building Society. Do employ our search tool to choose a Caterham conveyancing firm on the Chelsea Building Society member panel, which can often include conveyancing solicitors in Caterham.
We're in Caterham, First timers buying with a mortgage (lender is Leeds Building Society , and our lawyer is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
How does conveyancing in Caterham differ for newly converted properties?
Most buyers of new build residence in Caterham approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is completed. This is because developers in Caterham typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Caterham or who has acted in the same development.
I am looking into buying my first house which is in Caterham and I am already nervous. I couldn't find anything specific about Caterham. Conveyancing will be needed in due course but do you know about the Caterham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Caterham. In the meantime here are some basic statistics that we found
What advice can you give us when it comes to choosing a Caterham conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a property lawyer for your lease extension (regardless if they are a Caterham conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Caterham conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be helpful:
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If they are not ALEP accredited then what is the reason?
I am the proprietor of a ground-floor 1950’s flat in Caterham. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount due for the purchase of the freehold?
Most definitely. We are happy to put you in touch with a Caterham conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Caterham premises is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case related to 3 flats. The unexpired lease term was 75 years.
Do online conveyancing organisations undertake everything a local Caterham solicitor does or do I still need to employ a solicitor for the final stages for my conveyancing in Caterham?
If you use an online conveyancer they will undertake all the things your Caterham conveyancer would cover.