I have just started taking steps with the intention of porting my existing standard loan to a BTL Chelsea Building Society mortgage. I have been informed by my broker that I require a conveyancer for this. I spoke to my past Battersea conveyancing firm who who conducted the conveyancing when I initially purchased the house. The fee estimate provided of £450 plus VAT has taken me by surprise as its a refinance than a sale or purchase.
The costs illustration is slightly on the steep side. If you shop around you might reduce the fees marginally by say £100 plus VAT. On the other hand, assuming were satisfied with the legal work the firm offered you maylive to rue opting for an an unknown solicitor. If is important to ensure the firm can represent Chelsea Building Society. You can use our search tool to select a Battersea conveyancing firm on the Chelsea Building Society approved list of lawyers, which can often include conveyancing solicitors in Battersea.
We were just about to exchange contracts for a freehold house in Battersea. We encountered a stumbling block. The mortgage offer with Birmingham Midshires expires on 24/5/2024 but the owners are insisting on a completion date of 29/5/2024. Can one prolong the mortgage offer?
The person best placed to address this issue is your conveyancer who will assess if they should be discussing with the lender, owner’s representatives, property agents or indeed all three taking into account what has happend in your transaction to date.
I am purchasing a semi-detached house in Battersea. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Battersea you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Battersea.
I am looking for a flat up to £305k and found one round the corner in Battersea I like with amenity areas and railway links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Battersea for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage that many years may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
Back In 2004, I bought a leasehold flat in Battersea. Conveyancing and Yorkshire Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1998. The conveyancing solicitor in Battersea who acted for me is not around. Any advice?
First make enquiries of HMLR to make sure that this person is indeed the new freeholder. There is no need to incur the fees of a Battersea conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
We have reached the end of our tether in trying to purchase the freehold in Battersea. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to decide the premium.
An example of a Lease Extension matter before the tribunal for a Battersea residence is 150A Albert Palace Mansions Lurline Gardens in July 2013. The Tribunal determined that the premium payable for the new lease of the subject property was £42,069 This case related to 1 flat. The unexpired term as at the valuation date was 57.06 years.
Do online conveyancing companies undertake everything a local Battersea solicitor does or do I still need to retain a solicitor for the final stages for my conveyancing in Battersea?
Where you instruct an online conveyancer they will cover all the things your Battersea solicitor would cover.