I am in the throes of porting my current homeowner home loan to a BTL Birmingham Midshires mortgage. The bank has said that I must appoint a lawyer as part of the process. I got in contact with my previous Havant conveyancing solicitor who acted on my behalf when I originally purchased the premises. The quote they've given of £575 plus disbursements has surprised me as its a remortgage than a sale or purchase.
The costs illustration is slightly on the expensive side. Where you are willing to spend time comparing quotes you might get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, if you were content with the assistance the firm gave you mightlive to rue opting for an a cheaper lawyer. Remember to ensure that the conveyancer can also act for Birmingham Midshires. You can utilise our search tool to find a Havant conveyancing firm on the Birmingham Midshires member panel, which can often include conveyancing solicitors in Havant.
I am getting closer to an exchange on a property in Havant and my parents have sent the ten percent deposit to my solicitor. I am now advised that as the deposit has been sent from someone other than me my conveyancing practitioner needs to make a notification to my mortgage company. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The property lawyer is obliged to check with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
How do I investigate if the solicitor carrying out my conveyancing in Havant is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for HSBC Bank thus spending £175.00 in supplemental legal fees.
Feel free to take advantage of the find a conveyancing panel solicitor tool on this site. Please choose the lender and type ‘Havant’ or your preferred area and you will see a number of lawyer offices in Havant or nearest you.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Havant. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Havant
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
What is different about your site and other online quote calculators for conveyancing in Havant?
At this site secure a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Havant. As opposed to estate agents and brokerage sites we do not have commission deals with solicitors. Some agents and online brokers 'recommend' the firm that pays the highest per referral, not the best value conveyancing in Havant
Last May I purchased a leasehold house in Havant. Am I liable to pay service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous lessee 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 bought a 1st floor flat in Havant, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Comparable properties in Havant with a long lease are worth £185,000. The ground rent is £65 charged once a year. The lease ceases on 21st October 2085
With 60 years left to run we estimate the premium for your lease extension to range between £20,000 and £23,000 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.