Just been in touch with my conveyancing lawyer in East Grinstead who conducted the legals two years ago and wanted a conveyancing quote based on the same type of house sale & purchase (a leasehold premises and a freehold property) of similar values with a mortgage from Bank of Ireland. It looks as though am now being quoted twice the amount. Stick with what I know or should I try and find an alternative conveyancer?
The costs illustration is slightly on the high side. If you shop around you might reduce the fees slightly by say a hundred pounds. On the other hand, providing that you were satisfied with the service the firm gave you mightlive to rue opting for an a cheaper solicitor. Don't forget to ensure the solicitor can act for Bank of Ireland. You can make use of our search tool to get a quote a East Grinstead conveyancing firm on the Bank of Ireland member panel, which can often include conveyancing solicitors in East Grinstead.
Forgive me if this question is silly but I am new to the process as FTB of a two bedroom flat in East Grinstead. Do I receive the keys to the property on the completion date from my lawyer? If so, I will find a local conveyancing solicitor in East Grinstead?
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 conveyancers, and shortly after the monies have arrived, you will be able to receive the keys from the selling Agents and start moving into the property. Usually this happens between 1 and 3pm.
We are buying a terrace house in East Grinstead. The intention is to carry out a loft conversion at the house.Will the conveyancing process include enquiries to ascertain if these works are allowed?
Your solicitor should check the registered title as conveyancing in East Grinstead will on occasion identify restrictions in the title documents which restrict categories of changes or need the permission of a 3rd party. Some works need local authority planning consent and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor ahead of any purchase.
I have a mortgage with Aldermore for my property in East Grinstead. Conveyancing was finalised some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Aldermore?
You must advise Aldermore prior to renting your property as this is likely to be a breach of Aldermore’s mortgage conditions. It may be that Aldermore will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Aldermore directly. It should not be necessary to do this via a Aldermore conveyancing panel lawyer.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a quick, no chain conveyancing. East Grinstead is the location of the property. Can you shed any light on this issue?
Flying freeholds in East Grinstead are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside East Grinstead you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in East Grinstead may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I'm remortgaging my current property to a buy to let mortgage with The Mortgage Works and intend to use the remaining equity towards further house. The area we are interested in is East Grinstead. Will your solicitors be able to act for the two mortgage companies and link together the transactions?
Do use our search tool on this site to be sure that the solicitors are approved by both mortgage companies. On the basis that they are your solicitor should be able to simultaneously deal with the two conveyancing matters but you should talk with you lawyer and communicate your expectations and requirements.
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a reasonable figure which is making it more attractive. I have just found out that the title is leasehold as opposed to freehold. I am assuming that there are issues buying a leasehold house in East Grinstead. Conveyancing solicitors have are about to be instructed. Will they explain the issues?
Most houses in East Grinstead are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in East Grinstead in which case you should be looking for a East Grinstead conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the freeholder’spermission to conduct changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is located on an estate. Your lawyer will report to you on the legal implications.
I purchased a 1 bedroom flat in East Grinstead, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in East Grinstead with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease terminates on 21st October 2086
With 61 years remaining on your lease we estimate the premium for your lease extension to be between £19,000 and £22,000 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
My conveyancers in East Grinstead have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with the mortgage company. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the bank directly.