I have just started taking steps with the aim of porting my current residential home loan to a Buy to Let Barclays Direct mortgage. The bank has said that I need a solicitor as part of the process. I had a chat the same Great Shelford conveyancing practitioner who dealt with the legals when I initially bought the premises. The costs estimate e-mailed to me of £500 has taken me by surprise as its a refinance than a sale or purchase.
The estimate does seem a little on the high side. If you are content to expend time contrasting quotes you might trim some of the expense by say £125. That being said, if you were satisfied with the conveyancing the firm provided you mightcome to regret opting for an an untested lawyer. Don't forget to be sure the solicitor can act for Barclays Direct. You can make use of our search tool to locate a Great Shelford conveyancing firm on the Barclays Direct approved list of lawyers, which can often include conveyancing solicitors in Great Shelford.
Can you point me to a directory of Principality panel solicitors in Great Shelford on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings viewable over the internet. Where you are looking for a Great Shelford lawyer on the Principality please use our tool.
We had selected conveyancing lawyers located in Great Shelford on the Kent Reliance solicitor approved list. They are now charging me a supplemental sum for handling the Kent Reliance mortgage. Is this an additional conveyancing fee specified by Kent Reliance?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your solicitor is entitled to charge a fee for this. This charge is not dictated by Kent Reliance but by your Great Shelford lawyer. Numerous firms on the Kent Reliance panel will levy ’dealing with mortgage’ fee and others do not.
We expect to receive a OIP from Virgin Money this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Virgin Money recommend any Great Shelford solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint Great Shelford solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
I used Action Conveyancing several years past for my conveyancing in Great Shelford. Now, I need my documents but cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Great Shelford of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
About to purchase a new build apartment in Great Shelford. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Great Shelford
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There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Should I appoint a Great Shelford conveyancing lawyer based in the area that I am purchasing? I have an old university friend who can execute the legal formalities but her office is over three hundred miles drive away.
The primary upside of using a local Great Shelford conveyancing firm is that you can visit the firm to execute documents, hand in your identification documents and apply pressure on them if necessary. Having local Great Shelford know how is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and in the main were happy that must outweigh using an unfamiliar Great Shelford conveyancing lawyer solely due to them being Great Shelford based.
What are the frequently found defects that you witness in leases for Great Shelford properties?
There is nothing unique about leasehold conveyancing in Great Shelford. Most leases are drafted differently and drafting errors can sometimes mean that certain provisions are not included. The following missing provisions could result in a defective lease:
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Repairing obligations to or maintain elements of the building Insurance obligations
You could encounter difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Halifax, Skipton Building Society, and Aldermore all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, forcing the buyer to withdraw.
I invested in buying a studio flat in Great Shelford, conveyancing having been completed 8 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Great Shelford with a long lease are worth £175,000. The average or mid-range amount of ground rent is £65 per annum. The lease expires on 21st October 2083
With 58 years unexpired the likely cost is going to span between £22,800 and £26,400 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.