We note that you have a post code search directory listing solicitors on the Lloyds conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Timsbury?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Timsbury.
I am considering applying for a Barclays mortgage for purchase of a newly converted (under development) in Timsbury with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Barclays ?
In theory, you could use a solicitor that is not on the Barclays conveyancing panel, but Barclays would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
We are buying a 4 bedroom semi-detached house in Timsbury. The intention is to convert the garage to an office at the house.Will legal conveyancing on the property include enquiries to see if these works are allowed?
Your solicitor will check the registered title as conveyancing in Timsbury can sometimes identify restrictions in the title documents which prohibit certain alterations or need the permission of a 3rd party. Certain works call for local authority planning permissions and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be prudent to check these issues with a surveyor before you commit yourself to a purchase.
I am being advised by my conveyancer that breach of easement insurance is necessary on my purchase. What is the level of cover for Timsbury conveyancing?
The right level of breach of easement indemnity insurance should be dictated by who who your lender is. It would differ for example between Halifax and Virgin Money. Conveyancing solicitors as opposed to borrowers take out such insurances.
We expect to receive a OIP from Barclays this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Barclays recommend any Timsbury solicitors on the Barclays conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Timsbury solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
I know that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when buying a residence in Timsbury? or I am told that there is historic law that could mean that homeowners residing in a parish church boundary may be liable to contribute towards repairs towards the chancel within the church. Is this appropriate for conveyancing in Timsbury?
Unless a prior acquisition of the property completed post 12 October 2013 you may expect lawyers conducting conveyancing in Timsbury to remain recommending a chancel search and or chancel repair liability insurance.
I have been on the look out for a leasehold apartment up to £305k and found one near me in Timsbury I like with amenity areas and railway links in the vicinity, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Timsbury in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the shortness of the lease may be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years 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 and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
My wife and I purchased a leasehold house in Timsbury. Conveyancing and Barnsley Building Society mortgage are in place. A letter has just been received from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Timsbury who previously acted has now retired. What should I do?
First contact the Land Registry to make sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to instruct a Timsbury conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a split level flat in Timsbury, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Timsbury with over 90 years remaining are worth £190,000. The ground rent is £45 charged once a year. The lease expires on 21st October 2087
With just 62 years remaining on your lease we estimate the price of your lease extension to range between £17,100 and £19,800 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be 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.