I am in the throes of transferring my current homeowner home loan to a Buy to Let Britannia mortgage. I was told by my mortgage that I must appoint a conveyancer as part of the process. I had a chat my former Cotswolds conveyancing firm who who conducted the conveyancing when I initially bought the property. The fee calculation they've given of £500 has shocked me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The costs illustration is fractionally on the high side. If you are prepared to spend time scrutinising charges you might get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, providing that you were satisfied with the assistance the firm gave you mightlive to regret opting for an a cheaper conveyancer. Don't forget to enquire the firm can also act for Britannia. You can utilise our search tool to get a quote a Cotswolds conveyancing firm on the Britannia approved list of lawyers, which can often include conveyancing solicitors in Cotswolds.
We were just about to exchange contracts for a property in Cotswolds. We have hit a problem. The loan offer with TSB expires on 18/3/2026 but the vendors are insisting on a completion date of 20/3/2026. Is it possible to extend the loan offer?
The best person to deal with your issue is your lawyer who will calculate if they corresponding with the mortgage company, owner’s representatives, selling agents or possibly all three taking into account the history of your transaction to date.
Is there a reason why leasehold purchase conveyancing in Cotswolds costs more?
In short, leasehold conveyancing in Cotswolds and elsewhere usually involve more hours of investigation compared to freehold transactions. This includes analysing the lease terms, communicating with the landlord concerning serving applicable notices, procuring current service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first granted.
I am mortgaging my property in Cotswolds, does my lawyer need to be on the Coventry BS Conveyancing panel?
There is nothing to stop you using your solicitor, but Coventry BS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
My husband and I are FTB’s - agreed a price, yet the property agent informed us that the seller will only go ahead if we appoint the agent's recommended conveyancers as they need a ‘quick sale’. Our preferred option is to instruct a local conveyancer used to conveyancing in Cotswolds
We suspect that the seller is not behind this requirement. If they desire ‘a quick sale', taking such a hostile approach to a serious purchaser is is going to put the whole deal at risk. Try to communicate with the owners directly and explain that (a)you are serious buyers (b)you are ready to go, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you intend to instruct your own,trusted Cotswolds conveyancing lawyers - not the ones that will earn their estate agent a referral fee or meet his conveyancing thresholds pre-set by HQ.
I am looking at a two maisonettes in Cotswolds both have approximately 50 years unexpired on the lease term. Will this present a problem?
There are plenty of short leases in Cotswolds. The lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the marketability of the lease reduces and results in it becoming more expensive to acquire a lease extension. For this reason it is advisable to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage companies may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We recommend you seek professional help from a solicitor and surveyor with experience in this arena.
I purchased a studio flat in Cotswolds, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Cotswolds with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 per annum. The lease terminates on 21st October 2091
With only 65 years remaining on your lease the likely cost is going to range between £13,300 and £15,400 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.