My fiance’s dad is a solicitor. I anticipate that I'll be able to get preferential pricing for conveyancing, but if not, what level of costs should I be expecting for conveyancing in Whittlesey?
Do compare pricing. Do use our search tool on this site. Whilst prices may vary but service levels do differ between solicitors as is the case with the vast majority of professional services.
Our nephew is in the process of securing a house that has just been built in Whittlesey with a home loan from Barclays. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Barclays conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Barclays conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We decided to purchase a purpose built flat in Whittlesey with a loan from Alliance & Leicester .We would like to retain our Whittlesey conveyancing solicitor but Alliance & Leicester advised that her practice is not listed on their approved list of member firms. we are left little option but to use a Alliance & Leicester panel lawyer or keep our preferred solicitor and pay for a Alliance & Leicester panel lawyer to act for them. This seems very unfair; Can we not simply insist that Alliance & Leicester use our lawyer?
No, not really. The mortgage issued to you is subject to its various provisions, one of which will be that conveyancers must be on the Alliance & Leicester solicitor panel. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Alliance & Leicester
Due to the guidance of my in-laws I had a survey completed on a property in Whittlesey before instructing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some banks will not give a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Whittlesey. Conveyancing may be slightly more expensive based on your lender's requirements.
I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have since found out that the title is leasehold as opposed to freehold. I am assuming that there are issues purchasing a leasehold house in Whittlesey. Conveyancing solicitors have not yet been appointed. Will they explain the issues?
The majority of houses in Whittlesey are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Whittlesey so you should seriously consider shopping around for a Whittlesey conveyancing practitioner and be sure that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the landlord’sconsent to conduct alterations. You may also be required to pay a contribution towards the upkeep of the estate where the property is part of an estate. Your solicitor should appraise you on the various issues.
I own a 1 bedroom flat in Whittlesey, conveyancing was carried out in 1997. Can you work out an approximate cost of a lease extension? Corresponding properties in Whittlesey with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £55 yearly. The lease expires on 21st October 2081
With just 56 years unexpired we estimate the price of your lease extension to be between £29,500 and £34,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.
Your search tool is useful but there are many lawyers listed near Whittlesey being on the lender conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for our lender?
We do not recommend specific Whittlesey firms as the right Whittlesey conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Whittlesey knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..