I am in the throes of changing my current homeowner loan to a Buy to Let Clydesdale mortgage. I was told by my financial advisor that I must appoint a solicitor as part of the process. I got in contact with my past Chinnor conveyancing solicitor who acted on my behalf when I first bought the property. The fee calculation issued of £575 plus disbursements is surprising as its a remortgage than a sale or purchase.
The quote is fractionally on the expensive side. Where you are happy to spend time scrutinising charges you could shave off some of the cost by as much as a hundred pounds. That being said, providing that you were content with the assistance the firm provided you couldcome to rue choosing an a cheaper solicitor. Remember to ensure that the solicitor can also act for Clydesdale. Do utilise our search tool to get a quote a Chinnor conveyancing firm on the Clydesdale conveyancing panel, which can often include conveyancing solicitors in Chinnor.
Why is leasehold purchase conveyancing in Chinnor costs more?
Chinnor leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
We're in Chinnor, FTBs buying with a mortgage (lender is Principality , and our solicitor is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner 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.
It has been three months since my purchase conveyancing in Chinnor completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a leasehold apartment up to £305k and found one close by in Chinnor I like with a park and station nearby, however it only has 51 years on the lease. I can't really find anything else in Chinnor suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
In my capacity as executor for the estate of my father I am disposing of a house in Newport but I am based in Chinnor. My conveyancer (approximately 235 miles awayneeds me to execute a statutory declaration prior to completion. Could you suggest a conveyancing lawyer in Chinnor to witness and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Chinnor based