I have just started taking steps with the aim of transferring my current residential mortgage to a BTL Halifax mortgage. I have been informed by my broker that I need a solicitor for this. I had a chat my past Grantham conveyancing practitioner who dealt with the legals when I originally bought the premises. The pricing estimate supplied of £470 is surprising as its a remortgage than a sale or purchase.
The charges are a bit high. Where you are happy to expend time contrasting prices you could shave off some of the expense by perhaps a hundred pounds. That being said, providing that you were happy with the assistance the firm offered you maycome to rue opting for an an unknown conveyancer. If is important to be sure the firm can also act for Halifax. You can use our search tool to choose a Grantham conveyancing firm on the Halifax approved list of lawyers, which can often include conveyancing solicitors in Grantham.
I have todaydiscovered that Stirling Law have closed. They carried out my conveyancing in Grantham for a purchase of a freehold house 10 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The quickest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Grantham conveyancing specialists.
How does conveyancing in Grantham differ for new build properties?
Most buyers of new build property in Grantham approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is finished. This is because new home sellers in Grantham tend to 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 property lawyers 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 Grantham or who has acted in the same development.
I opted to have a survey done on a house in Grantham ahead of appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some lenders may not give a mortgage on such a home.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Grantham. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the estate of my grandmother I am disposing of a residence in Monmouth but live in Grantham. My lawyer (approximately 250 miles awayneeds me to execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Grantham who can witness and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are Grantham based
Last August I purchased a leasehold flat in Grantham. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Grantham Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
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How many of the leaseholders are in arrears for their service charge payments? The majority of Grantham leasehold flats will incur a service charge for the upkeep of the block invoiced by the management company. Where you buy the apartment you will have to meet this charge, usually periodically accross the year. This could be anything from two or three hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge for you to pay annual, this is usually not a large sum, say approximately £25-£75 but you should to check it because occasionally it could be prohibitively expensive. You should want to discover as much as possible concerning the managing agents as they will either make living at the property much easier or a lot more difficult. As the owner of a leasehold property you will be in the clutches of the managing agents from a financial perspective and when it comes to practical matters such as the upkeep of the communal areas. Don't be afraid to ask other people what they think of them. In conclusion, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and specifically what you get for your money.