Recently been in touch with my conveyancing lawyer in Thatcham who completed the legal work two years ago and wanted a conveyancing quote based on the same type of house sale & purchase (a leasehold residence and a freehold property) of almost identical values with a loan from National Westminster Bank. It looks as though am now being quoted twice the amount. Am I right to be tempted to shop around for a cheaper online firm of conveyancing solicitor?
The costs illustration is fractionally on the expensive side. If you shop around you may be able to decrease the fees slightly by as much as a hundred pounds. On the other hand, if you were satisfied with the service the firm offered you mightcome to rue choosing an an untested solicitor. If is important to be sure the firm can also act for National Westminster Bank. Do employ our search tool to locate a Thatcham conveyancing firm on the National Westminster Bank conveyancing panel, which can often include conveyancing solicitors in Thatcham.
AssumingI was to purchase a straightforward propertyin Thatcham mortgage fee and dispense with a survey and no local authority searches how much would I expect to have to pay for conveyancing in Thatcham?
The sole reduction in fees you would make on is the Thatcham conveyancing searches. Your conveyancer is obliged to do the vast majority of work - money laundering, communicating with your vendors lawyer, stamp duty return, register the property etc. You might save a bit for them not needing to register a mortgage however it will not be a lot.
4 months have elapsed following my purchase conveyancing in Thatcham concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
About to purchase a new build flat in Thatcham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Thatcham
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Please confirm the Lease plans are architect prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I am looking for a flat up to £195,000 and found one near me in Thatcham I like with a park and railway links in the vicinity, the downside is that it only has 52 remaining years left on the lease. There is not much else in Thatcham in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan that many years will likely be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing 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 current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
My solicitors in Thatcham have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with the lender. Is it case that being on the bank conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the mortgage company directly.