I have just started taking steps with the intention of changing my current residential mortgage to a Buy to Let TSB mortgage. I was told by my financial advisor that I must appoint a lawyer for this. I got in contact with my previous Kempsey conveyancing firm who dealt with the legals when I previously purchased the property. The fee estimate e-mailed to me of £575 plus disbursements has surprised me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a little on the high side. If you you were to look around you could trim some of the cost by say £125. That being said, if you were content with the service the firm offered you mightcome to regret opting for an a cheaper conveyancer. Remember to ensure that the solicitor can act for TSB. Do use our search tool to locate a Kempsey conveyancing firm on the TSB member panel, which can often include conveyancing solicitors in Kempsey.
Can you vouch for a Aldermore accepted Kempsey conveyancing firm that can complete within a short deadline? Am I best advised to go for a high street Kempsey practice or a factory type comparison site?
We can recommend some very good Kempsey conveyancing firms. Another option is to visit the main road in Kempsey. Visit two or three firms and request to speak with a conveyancing solicitor for a quote. Mention your expectations together with the reasons and get an assurance on your deadline. Choose the lawyer that genuine.
We are looking to buy a property and require a conveyancing solicitor in Kempsey who is on the Principality approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Principality . We don't recommend any particular firms conducting conveyancing in Kempsey.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Kempsey. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 16/11/2024, the requirements read as follows :
What is your number one tip for finding a conveyancing solicitor in Kempsey
Do not opt for the cheapest Kempsey conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
My uncle advised me that in purchasing a property in Kempsey there could be various restrictions limiting what one can do in terms of external alterations to the property. Is this right?
There are a number of properties in Kempsey which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Kempsey should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am being told by my solicitor that absentee landlord insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Kempsey?
The right level of absentee landlord indemnity insurance depends on your lender. It would differ for example between Halifax and Coventry Building Society. Conveyancing solicitors as opposed to borrowers take out such insurances.
I work for a busy estate agency in Kempsey where we have experienced a number of flat sales jeopardised due to short leases. I have received conflicting advice from local Kempsey conveyancing solicitors. Can you confirm whether the vendor of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I bought a studio flat in Kempsey, conveyancing having been completed in 2009. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Kempsey with an extended lease are worth £170,000. The ground rent is £50 charged once a year. The lease finishes on 21st October 2103
With just 79 years unexpired the likely cost is going to span between £7,600 and £8,800 plus costs.
The suggested premium range 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 due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.