I'm in the process of porting my existing standard home loan to a Buy to Let Barclays mortgage. The bank has said that I need a conveyancer for this. I spoke to my previous Cambridge conveyancing solicitor who dealt with the legals when I initially acquired the premises. The fee estimate sent of £470 has surprised me as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The costs illustration is slightly on the steep side. If you you were to look around you may be able to reduce the fees slightly by perhaps £125. On the other hand, providing that you were pleased with the conveyancing the firm offered you couldlive to rue opting for an an unknown lawyer. If is important to ensure the conveyancer can represent Barclays . You can utilise our search tool to find a Cambridge conveyancing firm on the Barclays conveyancing panel, which can often include conveyancing solicitors in Cambridge.
Finally the sale completed on my house in Cambridge last January but the buyer keeps whats apping every few hours to say their solicitor is waiting to hear from mine. What are the post completion sale formalities following completion?
Following your disposal your lawyer should deliver the transfer documentation and all of the paperwork to the buyer’s solicitors. If applicable, your solicitor should also evidence that the mortgage has been paid off to the purchasers solicitors. There is unlikely to be post completion requirements unique to conveyancing in Cambridge.
I am helping my mother sell her flat in Cambridge. Does the conveyancer order the energy performance certificate or should I organise this?
After the demise of Home Packs, EPC’s remained a compulsory element of selling a house. An energy performance certificate needs to be commissioned before the property is marketed. This is not as aspect of the sale process that conveyancers ordinarily organise. If you are using a Cambridge conveyancing solicitor they may be willing to arrange energy assessments given their contacts with long established Cambridge energy assessors
My bid for a property was accepted at auction in Cambridge. Conveyancing is needed. What happens now?
Given that you are now to in every practical sense signed on the dotted line you now have to find a conveyancing lawyer soon as you are faced with a pending a fixed date to complete the transaction. An auction property will ordinarily have a corresponding auction set of papers. This should include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the auction papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to leasehold premises. You must hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding organised to complete the transaction on the set completion date.
We had appointed conveyancers locally in Cambridge on the HSBC solicitor approved list. They are now charging me a further sum for dealing with the HSBC mortgage. Is this a supplemental conveyancing fee specified by HSBC?
Provided it is contained in their Terms of Engagement or Quote then yes your property lawyer can levy a fee for this. This charge is not dictated by HSBC but by your Cambridge conveyancer. Some firms on the HSBC panel will levy an ‘acting for lender’ fee and others do not.
I require quick conveyancing in Cambridge as I have a deadline to sign on the dotted line within one month. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are are a mortgage free buyer you are at free not to do searches although no conveyancer would recommend that you don't. With lots of history conveyancing in Cambridge the following are examples of issues that can crop up and adversely impact future mortgageability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Road Schemes,...
It has been four months following my purchase conveyancing in Cambridge completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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 property 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've recently bought a leasehold flat in Cambridge. Am I liable to pay service charges relating to a period prior to my ownership?
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 be sure 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).
Leasehold Conveyancing in Cambridge - Examples of Queries Prior to buying
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The best form of lease structure is a share of the freehold. In this arrangement the lessees have control and notwithstanding that a managing agent is frequently employed where it is bigger than a house conversion, the managing agent retained by the leaseholders. What is the name of the managing agents? Are any of leasehold owners in dispute over their service charge payments?