We chose a Watton based solicitor for our conveyancing in Watton recently. Looking through the Terms I notewe are on the hook for costs even if the dealdoes not proceed. Should I ditch them and appoint a web based conveyancing brokerage promoting no completion no charge conveyancing in Watton?
It is usually ‘give and take’ in that if "No Completion No Fee" is advertised then the conveyancing charges will tend to be be uplifted to counteract the cases that abort. Also remember that such deals rarely cover outlay for instance Watton conveyancing search fees.
We are purchasing a property and require a conveyancing solicitor in Watton who is on the Co-operative solicitor panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in Watton.
We are buying a end of terrace house in Watton. We would like to carry out an extension to the side at the property.Will legal investigations on the property include investigations to see if these works are prohibited?
Your solicitor should review the registered title as conveyancing in Watton will occasionally reveal restrictions in the title documents which restrict certain works or need the consent of a 3rd party. Many additions call for local authority planning consent and approval in compliance with building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
We had chosen conveyancing lawyers based in Watton on the Co-operative solicitor panel. They have just billed me a further fee for dealing with the Co-operative mortgage. Is this a supplemental conveyancing fee set by Co-operative?
Provided it is contained in their Terms of Engagement or Quote then yes your lawyer may levy a fee for this. The fee is not dictated by Co-operative but by your Watton property lawyer. Plenty of firms on the Co-operative panel will quote ’dealing with mortgage’ fee but some practices include it on their overall fee.
It is unclear whether my bank requires a lease extension. I have telephoned my Watton building society branch on various occasions and was informed it wasn't an issue and they would lend. My Watton conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend in accordance with their published requirements. Who do I believe?
The conveyancing practitioner must follow the Council of Mortgage Lenders’ Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Have purchased a a semi-detached house in Watton , What is the estimated time for the Land Registry to register the transfer to my name? My Watton conveyancing solicitor has been very slow, so I want to be certain the registration is dealt with.
There is nothing unique about conveyancing in Watton registration formalities. As opposed to being determined by geographic area, timeframes can differ according to the party submitting the application, whether there are errors and whether the Land registry communicate with any 3rd persons or bodies. At present in the region of three quarters of submission are fully addressed within two weeks but some can be subject to longer hold-ups. Registration occurs once the buyer is living at the property so an expedited registration is not always an essential issue yet if there is a degree of urgency associated with the registration then you or your lawyers must contact the land registry and explain the circumstances.
I'm refinancing my existing property to a BTL loan with Lloyds TSB Bank and intend to use the remaining equity as a deposit on another house. The area we are talking about is Watton. Will your solicitors be able to act for the two banks and link together the transactions?
Make use of our search tool on this page to ensure that the lawyers are approved by both mortgage companies. Assuming that they are your lawyer will be able to tie up the two transactions but you should have a chat with you solicitor and communicate your desired outcome and requirements.
I've recently bought a leasehold property in Watton. Am I liable to pay service charges relating to a period prior to my ownership?
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 am the registered owner of a basement flat in Watton, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Watton with over 90 years remaining are worth £265,000. The ground rent is £50 charged once a year. The lease expires on 21st October 2101
With only 76 years unexpired we estimate the price of your lease extension to range between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.