Having been referred to your web site we were about to go ahead with a conveyancing solicitor in Royston listed on your site but have come across some other estimates on the internet appear cheaper – how come?
There are lots of solicitors offering what appear to be extremely cheap conveyancing in Royston. You should give due consideration as to how much you respect your own move to you are willing to be penny wise pound foolish in relation to the quality of the conveyancing. Some embed extras deep into the terms of engagement. The conveyancers that we list for conveyancing in Royston will notbehave this way.
It is 10 years ago since I purchased my home in Royston. Conveyancing solicitors have just been retained on the sale but I can't track down my title documents. Is this a major issue?
You need not be too concerned. Firstly there is a possibility that the deeds will be with the mortgage company or they could be in the possession of the lawyers who acted in your purchase. Secondly in all probability the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring up to date copy of the land registers. Most conveyancing in Royston relates to registered property but in the unlikely event that your property is unregistered it is more tricky but is resolvable.
Last month we had a mortgage agreed in principle with Virgin Money. Royston conveyancing practitioners were instructed. What is the average time that one could expect to receive a mortgage offer from Virgin Money?
Some lenders take longer than others. Have Virgin Money completed the valuation? Have you informed Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
The mortgage over my property is with Bank of Ireland for my property in Royston. Conveyancing has been completed a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Bank of Ireland?
Your original mortgage agreement with Bank of Ireland will provide that you need their approval before letting out your property as this is likely to be a breach of Bank of Ireland’s mortgage conditions. It may be that Bank of Ireland will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Bank of Ireland directly. You need not do this via a Bank of Ireland conveyancing panel solicitor.
I am due to exchange contracts on my house. I had a double glazing fitted in January 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Co-operative are being pedantic. The Royston solicitor who is on the Co-operative conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Co-operative are requiring a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?
It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I purchased a renovated Victorian property in Royston. Conveyancing solicitor acted for me and National Westminster Bank. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Royston and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing practitioner who conducted the conveyancing.
As co-executor for the estate of my aunt I am selling a residence in Swansea but reside in Royston. My lawyer (approximately 250 miles awayneeds me to sign a stat dec before the transaction finalising. Could you suggest a conveyancing solicitor in Royston to witness this legal document for me?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are Royston based
Having had my offer accepted I require leasehold conveyancing in Royston. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and almost all are in Royston - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a split level flat in Royston, conveyancing having been completed in 2001. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Royston with a long lease are worth £165,000. The ground rent is £50 invoiced every year. The lease ceases on 21st October 2103
With 77 years unexpired we estimate the premium for your lease extension to span between £7,600 and £8,800 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.