The conveyancer who assisted with my former purchase has given a fee estimate £1350 for leasehold conveyancing in Petworth. I am looking to sell a newly refurbished property for £150,000. This sounds too much. Is it in excess of the average fee for conveyancing in Petworth?
The charges are a bit high. If you are happy to invest time comparing fee on a like for like basis you could get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, you couldcome to rue choosing an an unknown solicitor. If is important to be sure that the solicitor can also act for your lender. You can employ our search tool to locate a Petworth conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Petworth.
Is there a search tool that I can utilise to find out if the solicitor carrying out my conveyancing in Petworth is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Scotland thus paying £187.00 plus VAT in another set of conveyancing fees.
Please do take advantage of the find a conveyancing panel solicitor tool on this site. Please choose the mortgage company and type ‘Petworth’ or your preferred area and you will be presented with a number of lawyer offices in Petworth or near you.
We have a mortgage agreed in principle with Yorkshire BS. Petworth conveyancing solicitors have been appointed. What is the average time that one could expect to receive a mortgage offer from Yorkshire BS?
Some lenders take longer than others. Have Yorkshire BS conducted the survey? Have you advised Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have today made my last payment due on my mortgage with UBS. I assume I don't need a Petworth conveyancer on the UBS panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
My sealed bid on a property in Petworth has been accepted, the sellers do however have a connected purchase. The sellers have offered on a flat, however it’s not yet agreed to, and are looking at other properties in the pipeline. I have chosen a nearby conveyancing solicitor in Petworth. What do I do now? When do I get the mortgage application with Nationwide going?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx £1k, then survey, Petworth conveyancing search charges, etc). First, you must ensure that your solicitor is on the Nationwide approved list. Regarding the subsequent steps this very much dictated by the specifics of your transaction, desire for the property and on the state of the market. During a rising market some buyers would apply for the mortgage with Nationwide and pay for the valuation and only if it was satisfactory would they request their conveyancing practitioner to proceed with the conveyancing in Petworth.
How does conveyancing in Petworth differ for newly converted properties?
Most buyers of new build premises in Petworth approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is built. This is because developers in Petworth tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Petworth or who has acted in the same development.
I have been on the look out for a flat up to £195,000 and found one round the corner in Petworth I like with open areas and station in the vicinity, however it's only got 49 remaining years left on the lease. I can't really find anything else in Petworth in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage that many years will likely be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
In surfing the world wide web for the words cheap conveyancing in Petworth it reveals numerous conveyancersin the vicinity. With so much choice what is the best way to find the right property lawyer for the sale of my house?
The preferential method of finding a suitable conveyancer is through a personal recommendation, so ask colleagues and those you trust who have purchased a property in Petworth or a respected estate agent or mortgage broker. Costs for conveyancing in Petworth differ, so it's a good idea to secure a minimum of four fee estimates from different conveyancers. Dont forget to clarify that the charges are guaranteed not to escalate.