I have just started taking steps with a view to porting my existing standard home loan to a Buy to Let National Westminster Bank mortgage. I was told by my financial advisor that I need a lawyer as part of the process. I had a chat the same Higham Wood conveyancing firm who acted on my behalf when I initially purchased the premises. The costs illustration sent of £575 plus disbursements has shocked me as its a remortgage than a sale or purchase.
The charges seem a tad high. If you you were to look around you might trim some of the expense by as much as a hundred pounds. That being said, assuming were pleased with the conveyancing the firm provided you mightcome to rue choosing an a cheaper conveyancer. Remember to check that the conveyancer can represent National Westminster Bank. You can employ our search tool to get a quote a Higham Wood conveyancing firm on the National Westminster Bank approved list of lawyers, which can often include conveyancing solicitors in Higham Wood.
We are about to complete buying a property in Higham Wood but as a result of wreckage from the recent storms I have was able negotiate recompense from the current proprietors of £3k in the form of a deduction in the price. This was going to be dealt with as part of the conveyancing process but Leeds Building Society are not allowing this. Should they have been involved?
The lawyer being on a Leeds Building Society conveyancing panel is duty bound to advise Leeds Building Society of any changes to the purchase price. If you prohibit your conveyancer to report the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new conveyancer for your conveyancing in Higham Wood.
We are buying a terrace house in Higham Wood. Our aim is to carry out an extension to the side at the property.Will legal conveyancing on the property include enquiries to ascertain if these works were previously refused?
Your solicitor will review the registered title as conveyancing in Higham Wood will on occasion reveal restrictions in the title deeds which prevent categories of alterations or necessitated the consent of another owner. Some works require local authority planning consent and approval in compliance with building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be sensible to check these things with a surveyor ahead of any purchase.
I recently had an offer agreed on a house in Higham Wood. My mortgage broker recommended their conveyancers. I paid an advanced payment of £225. A couple of days later, the conveyancing practitioner called me sheepishly admitting that they were not on the Co-operative 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 Co-operative 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.
Kent Reliance have agreed my home loan in principle, my bid on a property in Higham Wood has been agreed to, what happens next?
Your property agent will need to know who your solicitors are (ensure that the solicitors are on the lender’s panel). Contact Kent Reliance or your financial adviser and finish off any relevant documentation. Kent Reliance will sellect a valuer who will get in contact with the selling agent or vendor to book an appointment. Once carried out (assuming no problems) it takes on average a week to receive the mortgage offer. Kent Reliance will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Higham Wood.
Me and my brother purchased a renovated Victorian property in Higham Wood. Conveyancing lawyer acted for me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold under the matching property. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Higham Wood and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing solicitor who conducted the work.
I need to instruct a conveyancing solicitor for sale conveyancing in Higham Wood. I've land on a site which appears to be the perfect solution If there is a chance to get all the legals completed via email that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Estate agents have just been given the go-ahead to market my ground floor apartment in Higham Wood. Conveyancing solicitors are to be appointed soon, but I have just received a yearly maintenance charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the invoice as usual because all ground rent and service payments should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a 1st floor flat in Higham Wood, conveyancing having been completed in 2007. 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? Similar properties in Higham Wood with an extended lease are worth £211,000. The ground rent is £50 levied per year. The lease ends on 21st October 2093
You have 68 years remaining on your lease the likely cost is going to span between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.