Just been in touch with my conveyancing lawyer in Marlborough who completed the legal work 18 months ago asking for a conveyancing estimate based on the same type of home move (a leasehold residence and a freehold property) of almost identical values with a home loan from TSB. It looks as though am now being quoted double. Am I right to be tempted to shop around for an alternative firm of conveyancing solicitor?
The estimate fees seem a little high. If you shop around you might get the conveyancing a bit cheaper by perhaps a hundred pounds. That being said, providing that you were satisfied with the service the firm gave you maycome to rue choosing an an unknown lawyer. Remember to be sure that the solicitor can also act for TSB. You can make use of our search tool to choose a Marlborough conveyancing firm on the TSB approved list of lawyers, which can often include conveyancing solicitors in Marlborough.
This question may be naive but I am wet behind the ears as a 1st time purchaser of a two bedroom flat in Marlborough. Do I pick up the keys to the property on completion from my solicitor? If so, I will find a High Street conveyancing solicitor in Marlborough?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the vendor’s solicitors, and once they have received this, you will be invited to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
I have decided to exercise my right to buy my property in Marlborough off the council. I have a mortgage offer with TSB. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
I've digested plenty of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Marlborough solicitor - who is on the Virgin Money conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Marlborough surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
The deeds to our property can not be found. The conveyancers who handled the conveyancing in Marlborough 4 years ago no longer exist. What are my next steps?
As long as you have a registered title the information relating to your proprietorship will be evidenced by HMLR under a Title Number. It is easy to perform a search at the Land Registry, locate your house and get up to date copies of the property title for less than a fiver. If the title is Leasehold then the Land Registry will in most cases retain a file duplicate of the Registered Lease and again, a copy can be ordered for twenty pounds.
How straightforward is it to use your search tool to find a conveyancing solicitor in Marlborough on the approved list for my mortgage?
Step one is to select a mortgage company such as Halifax, Coventry Building Society or Clydesdale then choose your preferred area for instance Marlborough. Conveyancing organisations in Marlborough and beyond should be listed.
Expecting to exchange soon on a studio apartment in Marlborough. Conveyancing solicitors inform me that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Marlborough should include some of the following:
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Are you allowed to have a pet in the flat? The total ownership of the premises. This will be the property itself but may include a loft or storage are if applicable. Ground rent - what is payable and when is collected, and also know whether this is subject to change Whether the lease restricts you from renting out the property, or having a home office for business You should have a good understanding of the insurance requirements
I invested in buying a garden flat in Marlborough, conveyancing was carried out October 2001. How much will my lease extension cost? Equivalent properties in Marlborough with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease ceases on 21st October 2078
With 53 years left to run we estimate the premium for your lease extension to span between £27,600 and £31,800 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.
How much experience do your Marlborough conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Marlborough conveyancing lawyers help thousands of people move home every year and assisted plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Marlborough conveyancers have worked on recent similar matters.