I was recommended to a lawyer who has given a fee estimate £1350 for freehold conveyancing in Old Malden. I’m hoping to sell a newly refurbished property for £250,000. Is this expensive? Is it in excess of the average fee for conveyancing in Old Malden?
The estimate does seem a tad overpriced. If you shop around you might reduce the fees slightly by perhaps £100 plus VAT. That being said, you mightlive to rue opting for an an unknown conveyancer. Don't forget to be sure the solicitor can represent your lender. Do make use of our comparison tool to locate a Old Malden conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Old Malden.
How do I investigate if the solicitor conducting my conveyancing in Old Malden is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Ireland thus spending £175.00 in supplemental legal invoice.
Please do make use of the search tool on this web page. Please choose the lender and type ‘Old Malden’ or your location and you will be presented with numerous conveyancers offices in Old Malden or nearest you.
If you had a top tip for selecting a conveyancing solicitor in Old Malden what would it be?
Do not opt for the cheapest Old Malden conveyancing costs illustration. You really do get what you’re paying 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 the deal.
We expect to receive a OIP from UBS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do UBS recommend any Old Malden solicitors on the UBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Old Malden solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I'm in the process of looking at flats in Old Malden and I am about to put in an offer. Is it advisable to have my solicitor on ‘stand by’? I intend to finance via a mortgage with Coventry BS.
It would be wise to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. As you are seeking a mortgage with Coventry BS, ask your prospective lawyers if they are on the Coventry BS conveyancing panel otherwise they can't do the mortgage legal work.
I'm purchasing a new build house in Old Malden benefiting from help to buy. The developers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not disclose to my lawyer about this deal as it will jeopardize my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I'm remortgaging my primary house to a BTL mortgage with Chelsea Building Society and intend to use the remaining equity towards a second property. The location we are looking at is Old Malden. Will your lawyers be able to act for the two lenders and link together the conveyances?
Do use our comparison tool on this site to ensure that the conveyancers are approved by both mortgage companies. Assuming that they are your conveyancer should be able to tie up the two transactions but you should have a chat with you conveyancer and specify your expectations and requirements.
Having checked my lease I have discovered that there are only 68 years left on my flat in Old Malden. I now want to get lease extension but my freeholder is missing. What are my options?
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 an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to prove that you have used your best endeavours to find the freeholder. In some cases an enquiry agent may be useful to carry out a search and to produce a report which can be accepted by the court as proof that the landlord can not be located. It is advisable to get professional help from a conveyancer in relation to investigating the landlord’s absence and the vesting order request to the County Court covering Old Malden.
My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Old Malden. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We can put you in touch with a Old Malden conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Old Malden property is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case affected 1 flat.