Is there a reason why leasehold purchase conveyancing in Ashington is more expensive?
The conveyancing fees for a leasehold premises in Ashington is inevitably more expensive when contrasted to a freehold residence. This is because there is an amount of extra investigations required in dealing with the landlord and managing agents to collate the evidence about whether the rent and service fee have been paid and whether there are any significant expenditure in the near future on repairs or maintenance of the building.
My house in Ashington is up for sale and I have a purchaser. Will the lawyer have to be required to be on the RBS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the RBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
Forgive me if this question is silly but I am unseasoned as FTB of a garden flat in Ashington. Do I pick up the keys to the property on completion from my solicitor? If so, I will use a High Street conveyancing solicitor in Ashington?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the owner’s solicitors, and once they have received this, you should be invited to pick up the keys from the selling Agents and start moving into the property. Usually this occurs early afternoon.
My wife and I are in the process of viewing apartments in Ashington and I am about to put in an offer. Should I already have a solicitor in place at this point? I will be getting a home loan with UBS.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. Given that you are taking out a mortgage with UBS, ask your prospective lawyers if they are on the UBS conveyancing panel otherwise they can't do the mortgage legal work.
I recently had an offer agreed on a house in Ashington. My financial adviser pressured me to appoint their lawyer. I paid an upfront payment of £200. A few days later, the lawyer contacted me to say that they were not on the RBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the RBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
five months have gone by following my purchase conveyancing in Ashington completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a leasehold apartment up to £245,000 and found one near me in Ashington I like with amenity areas and railway links nearby, the downside is that it only has 51 years unexpired on the lease. There is not much else in Ashington in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the shortness of the lease will likely be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
Is it simple use the search facility to choose a conveyancing solicitor in Ashington on the approved list for my bank?
1st select a mortgage company such as Birmingham Midshires, The Royal Bank of Scotland or Alliance & Leicester then choose your location for example Ashington. Conveyancing organisations in Ashington and beyond should be shown.