AssumingI were to purchase a freehold housein Thorpe St Andrew mortgage fee and have no survey and no conveyancing searches how much should I expect to have to pay for conveyancing in Thorpe St Andrew?
Any savings you would achieve will be isolated to the Thorpe St Andrew conveyancing searches. The solicitor still be obliged to do everything else - money laundering, communicating with your vendors conveyancing practitioner, SDLT return, register the property etc. You might save a bit for them not having to register a mortgage however it will not be a lot.
I'm the only recipient of my late mum's estate and I have everything in my name now, including the my former home in Thorpe St Andrew. The Thorpe St Andrew property was put into my name in January. I plan to dispose of the house. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship could be considered the same way as though I had purchased the property in January. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be caught by that. Some lenders would take a sensible view as this provision is principally there to pick up on subsales or the flipping of property.
I am due to exchange contracts on my house. I had a double glazing fitted in December 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Nottingham are being pedantic. The Thorpe St Andrew solicitor who is on the Nottingham conveyancing panel is saying indemnity insurance will be fine but Nottingham are insisting on a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham 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.
Planning on purchasing a apartment in Thorpe St Andrew. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB 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 Thorpe St Andrew property lawyer is on the TSB conveyancing panel.
I have todayfound out that Stirling Law have been shut down. They conducted my conveyancing in Thorpe St Andrew for a purchase of a leasehold apartment 12 months ago. How can I check that the property is not still registered in the name of the former proprietor?
The easiest way to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Thorpe St Andrew conveyancing specialists.
About to purchase a new build apartment in Thorpe St Andrew. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Thorpe St Andrew
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I'm refinancing my current house to a BTL mortgage with The Royal Bank of Scotland and intend to use the remaining equity towards another house. The area we are interested in is Thorpe St Andrew. Will your lawyers be able to act for the two lenders and link together the transactions?
Make use of our search tool on this page to ensure that the solicitors are on the appropriate lender panels. On the basis that they are the conveyancer should be able to tie up the two transactions but you should talk with you conveyancer and make clear your expectations and needs.
Last August I purchased a leasehold flat in Thorpe St Andrew. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I acquired a ground floor flat in Thorpe St Andrew, conveyancing was carried out May 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Thorpe St Andrew with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 yearly. The lease expires on 21st October 2091
You have 65 years remaining on your lease we estimate the price of your lease extension to range between £13,300 and £15,400 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.