We note that you have a search directory listing solicitors on the RBS conveyancing panel. Do firms pay you a commission if I appoint them for our own conveyancing in Claydon?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Claydon.
We had instructed conveyancers based in Claydon on the Clydesdale solicitor approved list. They have just invoiced me a further charge for the legal aspects of the Clydesdale mortgage. Is this a supplemental conveyancing fee set by Clydesdale?
Provided it is contained in their Terms and Conditions or estimate then yes your conveyancer can levy a fee for this. This fee is not set by Clydesdale but by your Claydon conveyancing practitioner. Some firms on the Clydesdale panel will charge ’dealing with mortgage’ fee and others do not.
We have a mortgage agreed in principle with RBS. Claydon conveyancing practitioners are instructed. What is the average time that one could expect to receive a mortgage offer from RBS?
There is no definitive answer here. Have RBS completed the survey? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Our offer on a detached house in Claydon has been agreed to, the owners do nevertheless have a tied purchase. The sellers have offered on a flat, however it’s not been accepted yet, and have viewings of other properties in the pipeline. I have selected a high street conveyancing solicitor in Claydon. What should be my next step? At what stage should I apply for the mortgage with Coventry BS?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx one thousand pounds, then valuation, Claydon conveyancing search costs, etc). The first thing to do is check that your solicitor is on the Coventry BS approved list. Concerning the next stages this very much depends on the specifics of your case, motivation for this property and on the state of the market. During a rising market the majority of purchasers would apply for a home loan with Coventry BS and pay for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to move forward with searches.
I'm purchasing my first flat in Claydon with a loan from Godiva Mortgages Ltd. The builders would not move on the price so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not reveal to my conveyancer about this side-deal as it could put at risk my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am using a search engine for the term conveyancing in Claydon it reveals numerous property lawyersin the vicinity. How do I determine which is the right conveyancer for my move?
The ideal way of finding the right conveyancer is via personal recommendation, so ask colleagues and relatives who have acquired a property in Claydon or a reputable estate agent or mortgage broker. Charges for conveyancing in Claydon differ, so it's a good idea to request at least three fee calculations from varying types of companies. Be sure to secure confirmation what costs in the quote includes.
I today plan to offer on a house that appears to be perfect, at a great price which is making it more attractive. I have subsequently discovered that the title is leasehold rather than freehold. I am assuming that there are issues purchasing a leasehold house in Claydon. Conveyancing solicitors have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in Claydon ?
The majority of houses in Claydon are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. It is clear that you are buying in Claydon in which case you should be shopping around for a Claydon conveyancing solicitor and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the freeholder’spermission to conduct alterations. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the property is located on an estate. Your solicitor will report to you on the legal implications.
I purchased a garden flat in Claydon, conveyancing was carried out 7 years ago. Can you work out an approximate cost of a lease extension? Similar properties in Claydon with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease comes to an end on 21st October 2080
With only 55 years remaining on your lease we estimate the price of your lease extension to span between £31,400 and £36,200 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
Is there a reason that Claydon conveyancing fees differ for leasehold and freehold properties?
When acquiring a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control