Recently contacted my conveyancing solicitor in Crowle who acted for me 18 months ago requesting a conveyancing quote based on an identical type of house sale & purchase (a leasehold premises and a freehold property) of almost identical values with a home loan from Virgin Money. I am now being quoted double. Should I look for a cheaper online conveyancer?
The quote is slightly on the high side. Where you are happy to invest time contrasting prices you may be able to trim some of the cost by perhaps £100 plus VAT. That being said, if you were happy with the conveyancing the firm offered you maylive to regret opting for an a cheaper lawyer. If is important to enquire the firm can represent Virgin Money. You can use our search tool to get a quote a Crowle conveyancing firm on the Virgin Money approved list of lawyers, which can often include conveyancing solicitors in Crowle.
Two weeks ago we had a mortgage agreed in principle with Nationwide. Crowle conveyancing practitioners have been instructed. What is the average time that one could expect to receive a mortgage offer from Nationwide?
There is no definitive answer here. Have Nationwide conducted the survey? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I recently had an offer accepted on an apartment in Crowle. My mortgage broker pressured me to appoint their solicitor. I paid an on account payment of £175. Soon after, the lawyer called me embarrassingly acknowledging that they were not on the Barclays 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 Barclays 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.
I was told three weeks ago that my mortgage has been agreed to by Co-operative. Is it usual for Co-operative to only issue the offer once my solicitor in Crowle is approved on their conveyancing panel? Co-operative have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.
The deeds to my home are lost. The lawyers who conducted the conveyancing in Crowle 10 years ago have long since closed. What do I do?
As long as the title is registered the information relating to your proprietorship will be evidenced by HMLR under a Title Number. It is possible to perform a search at the Land Registry, find your property and secure current copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will also normally hold a file copy of the Registered Lease and again, a copy can be retrieved for a small fee.
I am looking for a flat up to £245,000 and found one near me in Crowle I like with a park and transport links in the vicinity, the downside is that it only has 51 years on the lease. I can't really find anything else in Crowle in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan the remaining unexpired lease term will likely be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I have been recommended by a number of property agents in Crowle to choose a conveyancer using your seach tool. What’s the financial advantage for Estate Agents to recommend your lawyers rather than another?
We don’t make any referral fee for pointing buyers and sellers to this site. We found it would be just too difficult a fee because a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
What advice can you give us when it comes to finding a Crowle conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for lease extension works (regardless if they are a Crowle conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with several firms including non Crowle conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
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What are the costs for lease extension conveyancing? How many lease extensions has the firm completed in Crowle in the last 12 months?
I acquired a leasehold flat in Crowle, conveyancing formalities finalised in 2000. How much will my lease extension cost? Similar properties in Crowle with a long lease are worth £221,000. The ground rent is £50 invoiced every year. The lease finishes on 21st October 2095
With only 70 years unexpired we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.