The conveyancer who helped my last purchase has quoted £995 for no sale no fee conveyancing in Ely. I’m selling a Georgian house for £225,000. This appears over the top. Is it in excess of the norm for conveyancing in Ely?
The estimate does seem marginally steep. If you shop around you might get the conveyancing a bit cheaper by say £125. On the other hand, you mightcome to regret opting for an an unknown solicitor. If is important to check the firm can represent your bank. You can use our comparison tool to select a Ely conveyancing company on the banks member panel which can often include conveyancing solicitors in Ely.
I am the registered owner of a freehold premises in Ely yet pay rent, why is this and what is this?
It’s unusual for properties in Ely and has limited impact for conveyancing in Ely but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
This question may be naive but I am unexperienced as FTB of a two bedroom flat in Ely. Do I receive the keys to the premises on the completion date from my solicitor? If this is the case, I will appoint a High Street conveyancing solicitor in Ely?
On the day of completion you do not need to attend the conveyancers office in Ely. Your solicitors will transfer the completion advance to the seller's solicitors, and shortly after the monies have arrived, you will be invited to collect the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
When it comes to mortgage companies such as Santander, do Ely conveyancing practitioners face a fee to be on the conveyancing panel?
We are not aware of any bank fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
I have a mortgage with RBS for my property in Ely. Conveyancing has been completed 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform RBS?
Your original mortgage agreement with RBS will provide that you need their approval before renting your property as this is likely to be a breach of RBS’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact RBS directly. You need not do this via a RBS conveyancing panel firm.
What is different about your site and alternative online quote calculators for conveyancing in Ely?
At this site secure an accurate costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Ely. Unlike many estate agents and many comparison sites we do not have referral arrangements with solicitors. A large number of agents and online brokers 'recommend' the firm that pays the most kickback, as opposed to the best value conveyancing in Ely
I need to instruct a conveyancing practitioner in Ely for my house move. Is it possible to check a solicitor's record with the legal regulator?
Members of the public can search for documented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator may monitor call for training reasons.
I am on look out for some leasehold conveyancing in Ely. Before I get started I require certainty as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Ely - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Ely Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing
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How many of the leaseholders are in arrears for their maintenance charge payments? Where a Ely lease has no more than 80 years it will affect the salability of the apartment. Check with your bank that they are willing to go ahead with the loan given the lease term. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of how much this will be. For most Elylease extensions you will need to own the premises for two years before you are entitled to exercise a lease extension. How long is the Lease?