I have just started taking steps with a view to changing my domestic home loan to a Buy to Let Chelsea Building Society mortgage. The bank has said that I must appoint a lawyer as part of the process. I got in contact with my previous Harbury conveyancing firm who who conducted the conveyancing when I previously bought the house. The fee calculation provided of £450 plus VAT is surprising as its a refinance than a sale or purchase.
The estimate does seem a little on the high side. If you you were to look around you might get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, providing that you were satisfied with the legal work the firm provided you mightcome to regret opting for an a cheaper solicitor. Don't forget to be sure the solicitor can act for Chelsea Building Society. You can make use of our search tool to locate a Harbury conveyancing firm on the Chelsea Building Society member panel, which can often include conveyancing solicitors in Harbury.
The Harbury conveyancing firm that just started acting on my house acquisition in Harbury have without warning closed. I only went with them because I had to have a solicitor on the Virgin Money conveyancing panel and my previous Harbury lawyer was not. I paid them funds on account. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to take this when acquiring a residence in Harbury? or Apparently there is an ancient law that means some owners of property living in a parish church boundary will be compelled to contribute towards repairs to the chancel within the church. Is this a legitimate concern for conveyancing in Harbury?
Unless a previous acquisition of the property completed post 12 October 2013 you may expect lawyers handling conveyancing in Harbury to continue to recommend a chancel search and or chancel repair liability policy.
Due to the advice of my in-laws I had a survey completed on a house in Harbury before retaining conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some lenders will not issue a loan on this type of home.
It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Harbury. Conveyancing will be smoother if you use a solicitor in Harbury especially if they are familiar with such properties in Harbury.
I'm converting the mortgage on my current home to a buy to let loan with Halifax and intend to use the remaining equity towards another house. The location we are looking at is Harbury. Will your lawyers be able to act for the two lenders and link together the conveyances?
Do use our comparison tool on this page to ensure that the conveyancers are approved by both banks. On the basis that they are your lawyer should be able to connect the two conveyancing matters but you should talk with you conveyancer and make clear your expectations and needs.
I have recently realised that I have 72 years left on my lease in Harbury. I am keen to extend my lease but my freeholder is can not be found. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to prove that you have used your best endeavours to track down the lessor. In some cases an enquiry agent would be helpful to carry out a search and to produce a report which can be accepted by the court as evidence that the landlord is indeed missing. It is wise to seek advice from a property lawyer both on proving the landlord’s disappearance and the application to the County Court overseeing Harbury.
Harbury Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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For many Harbury leaseholds the cost for major works tend not to be included within maintenance charges, although some managing agents in Harbury obliged leasehold owners to pay into a sinking fund created for the specific intention of establishing a fund for major works. Make sure you find out if the the lease contains any unreasonable restrictions in the lease. For instance it is very common in Harbury leases that pets are not allowed in certain buildings in Harbury. If you like the apartmentin Harbury however your cat is not allowed to move with you then you will be faced difficult compromise. How many of the leaseholders are in arrears for their service charge payments?