I am looking for value for money conveyancer. Should I go for for a nationwide conveyancer or a local Surrey conveyancing lawyer?
Established third party connections is an important consideration when appointing conveyancing solicitors. Surrey conveyancers benefit from long term relationships with financial advisers and agents, local authorities, surveyors and other conveyancing firms meaning you will move in shortest possible time. Hosting specialist insight into the local area is an advantage.
Would the conveyancing lawyers listed on your site handle attended exchange conveyancing in Surrey?
There are a few conveyancing specialists carrying out one day exchanges. Please contact us to obtain a conveyancing quote and details as to dates.
Is it the case that all Surrey CQS (Conveyancing Quality Scheme) solicitors are on the HSBC conveyancing panel?
Some major lenders now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their panels.
After much negotiation I have agreed a price on an apartment in Surrey. My mortgage broker recommended their conveyancers. I paid an upfront payment of £175. Shortly after, the lawyer contacted me embarrassingly acknowledging that they were not on the TSB conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the TSB panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Our sealed bid on a property in Surrey has been accepted, but there is a chain. The vendors have offered on a property, but it’s not yet tied up, and are looking at other properties booked. I have instructed a high street conveyancing solicitor in Surrey. What do I do now? At what stage do I apply for the mortgage with Principality?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is in the region of £1k, then survey, Surrey conveyancing search charges, etc). First, you must ensure that your conveyancer is on the Principality conveyancing panel. As to the subsequent steps this very much depends on the uniqueness of your transaction, desire for the property and on the state of the market. In a rising market many buyers will apply for the mortgage with Principality and pay for the valuation and only if it comes back ok would they ask their solicitor to proceed with the conveyancing in Surrey.
The deeds to my property are lost. The solicitors who dealt with the conveyancing in Surrey 10 years ago have long since closed. Will I be able to sell the house?
You no longer need to hold title original deeds to establish that you own the land or property, as the Land Registry have everything they need in a digital format.
I am hoping to complete next month on a garden flat in Surrey. Conveyancing lawyers assured me that they are sending me a report on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Surrey should include some of the following:
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The total ownership of the property. This might be the property itself but might incorporate a attic or storage are if appropriate. Where does the liability rest for maintaining the window frames Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? It needs to be made clear to you whether the lease permits you to change or improve anything in the property- you must know whether any restrictions relates to all alterations or limited to structural alteration, and whether permission is mandated necessary Changes to the flat
I invested in buying a studio flat in Surrey, conveyancing was carried out in 2008. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Surrey with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease runs out on 21st October 2093
You have 69 years remaining on your lease the likely cost is going to range between £9,500 and £11,000 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
I am just shy of a 10% deposit on my house purchase in Surrey , but I still want to exchange. What can I do?
One option is to try and agree a smaller deposit. Most vendors will accept a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second