I'm in the process of transferring my existing standard loan to a Buy to Let Godiva Mortgages Ltd mortgage. I have been informed by my broker that I need a conveyancer as part of the process. I spoke to my previous Penwortham conveyancing solicitor who dealt with the legals when I previously bought the house. The fee calculation issued of £500 has shocked me as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The charges appear a little high. If you are prepared to invest time scrutinising prices you may be able to shave off some of the expense by as much as £125. On the other hand, providing that you were content with the conveyancing the firm gave you couldlive to rue opting for an an untested solicitor. Don't forget to be sure the solicitor can also act for Godiva Mortgages Ltd. You can utilise our search tool to select a Penwortham conveyancing firm on the Godiva Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Penwortham.
I have given 8 weeks notice to my existing landlord and have to be out of my let out flat in Penwortham by 9/6/2025. Conveyancing for my house purchase has just started. Is it possible to complete in 4 weeks as I wish to avoid having to find short term accommodation?
The normal practice is not to give notice for your lease unless exchange of contracts has taken place. If you have not previously done so, contact to your lawyer and ask them to they apply pressure on the sellers lawyers, try to get a realistic time scale from them that all parties will look towards
What is the difference between a licensed conveyancer and conveyancing solicitor in Penwortham
There are many registered licenced Conveyancers in Penwortham and Solicitor practices in Penwortham who can help with your conveyancing We would stress that both are supervised by regulatory bodies with both specialising in the legal work in transferring property. They may both also deal with associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
My aunt advised me that in buying a property in Penwortham there could be a number of restrictions affecting the ability to carry out external alterations to the property. Is this right?
We are aware of anumerous of properties in Penwortham which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Penwortham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Planning on purchasing a apartment in Penwortham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Penwortham conveyancing practitioner is on the Santander conveyancing panel.
Due to the encouragement of my in-laws I had a survey completed on a house in Penwortham in advance of instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some banks will not issue a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you contact us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Penwortham. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to retain a conveyancing solicitor for remortgage conveyancing in Penwortham. I happened to discover a web site which seems to have the ideal solution If there is a chance to get all formalities completed via email that would be ideal. Do I need to be wary? What should out be looking out for?
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?
What are the frequently found problems that you witness in leases for Penwortham properties?
Leasehold conveyancing in Penwortham is not unique. Most leases are drafted differently and drafting errors can result in certain clauses are missing. The following missing provisions could result in a defective lease:
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Maintenance charge proportions which don’t add up to the correct percentage
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, Leeds Building Society, and Nottingham Building Society all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, obliging the purchaser to pull out.
I bought a ground floor flat in Penwortham, conveyancing formalities finalised August 1998. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Penwortham with a long lease are worth £186,000. The ground rent is £55 levied per year. The lease runs out on 21st October 2078
With 53 years remaining on your lease we estimate the premium for your lease extension to range between £27,600 and £31,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.