We see that you have a post code search directory listing firms on the Virgin Money conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Biddenham?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Biddenham.
I have paid off my mortgage with Barclays. I assume I don't need a Biddenham solicitor on the Barclays panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Biddenham building society branch on numerous occasions and was advised it wasn't an issue and they will lend. My Biddenham conveyancing solicitor - who is on the lender conveyancing panel- called to say that they will not lend based on their published requirements. I simply don't know who is right.
The conveyancing practitioner must comply with the CML Handbook Part 2 specifications for your lender. 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Barclays have agreed my mortgage in principle, my offer on a apartment in Biddenham has been agreed to, what happens next?
The property agent will need to know who your solicitors are (make sure the lawyers are on the bank’s approved list). Telephone Barclays or your broker and complete any appropriate forms. Barclays will instruct a valuer who will get in touch with the estate agent or owners to arrange an appointment. Once conducted (assuming no problems) it takes about a fortnight to get a mortgage offer. Barclays will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Biddenham.
I am looking into buying my first house which is in Biddenham and I am already nervous. I couldn't find anything specific about Biddenham. Conveyancing will be needed in due course but do you know about the Biddenham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Biddenham. In the meantime here are some basic statistics that we found
I need to find a conveyancing solicitor for purchase conveyancing in Biddenham. I happened to land on a web site which appears to be the perfect answer If there is a chance to get all the legals done via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I've recently bought a leasehold property in Biddenham. Am I liable to pay service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner 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 ensure 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 leasehold flat in Biddenham, conveyancing formalities finalised in 2004. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Biddenham with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ceases on 21st October 2091
You have 66 years left to run the likely cost is going to be between £12,400 and £14,200 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. Do not use the figures 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. Neither should you move forward based on this information without first getting professional advice.
Do online conveyancing companies cover everything a high street Biddenham solicitor does or must I retain a solicitor for the final stages for my conveyancing in Biddenham?
Where you instruct an online conveyancer they will cover all the work your Biddenham conveyancer would cover.