Do I need to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Bedworth so that I can pop in to their offices if necessary.
Nowadays approved lawyers for lenders carry out their communications via Royal Mail, e-mail or over phone calls. This enables them to undertake the conveyancing transaction regardless of where you live in the country. That being said you should see if you have the option of visiting the offices of your conveyancing lawyer if needed.
Forgive me if this question is silly but I am unseasoned as FTB of a garden flat in Bedworth. Do I pick up the keys to the premises on the completion date from my lawyer? If this is the case, I will find a local conveyancing solicitor in Bedworth?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's lawyers, and once they have received this, you will be able to pick up the keys from the property Agents and start moving into the property. Usually this occurs between 1 and 3pm.
I happen to be the single recipient of my late father’s estate and I have everything in my name alone, including the my former home in Bedworth. The Bedworth property was put into my name in October. I want to move. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership could be regarded the same way as though I had purchased the property in October. Will no one buy the property for half a year?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. How sensible a view lenders take of it, depend on the lender as this clause chiefly exists to pick up on the purchase and immediately sell or the quick reselling of property.
We expect to receive a AIP from UBS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do UBS recommend any Bedworth solicitors on the UBS conveyancing panel, or is it better to go independently?
You will need to appoint Bedworth solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
How does conveyancing in Bedworth differ for newly converted properties?
Most buyers of new build property in Bedworth contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is constructed. This is because house builders in Bedworth usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Bedworth or who has acted in the same development.
I'm remortgaging my primary house to a buy to let mortgage with Aldermore and I will use the ballance of the raised equity as a down payment on further house. The location we are looking at is Bedworth. Will your solicitors be able to act for both sets of lenders and tie in the transactions?
Do use our search tool on this site to check that the solicitors are on the appropriate lender panels. Assuming that they are your solicitor will be able to simultaneously deal with the two conveyancing matters but you should talk with you solicitor and make clear your desired outcome and requirements.
I own a leasehold flat in Bedworth. Conveyancing and Santander mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Bedworth who acted for me is not around. Do I pay?
The first thing you should do is contact HMLR to be sure that this person is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Bedworth conveyancing solicitor to do this as you can do this on the Land Registry website for £3. 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 purchased a split level flat in Bedworth, conveyancing having been completed in 2008. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Bedworth with an extended lease are worth £202,000. The average or mid-range amount of ground rent is £55 per annum. The lease expires on 21st October 2081
With 56 years unexpired we estimate the premium for your lease extension to range between £29,500 and £34,000 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
I am looking to sell a garage which is on a separate legal title with the land registry asking for 22k, to clear debts. There is a mortgage with Barclays. Is it possible for you to refer me to a cheapish property lawyer as the usual £800-1000 eats in the return somewhat. Although I live in Bedworth I dont need to instruct a Bedworth conveyancing practitioner.
The purpose of this site is limited to being a directory service for property lawyers who want to be listed as being on the approved conveyancing panel for Barclays in certain areas for instance Bedworth . Our intention is not to recommend any specific conveyancer.