I have just started taking steps with the intention of transferring my current residential mortgage to a BTL Norwich and Peterborough Building Society mortgage. The bank has said that I must appoint a lawyer as part of the process. I had a chat the same Nantwich conveyancing practitioner who dealt with the legals when I initially bought the property. The costs illustration issued of £550 is an eye-watering amount to do this as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The quote is slightly on the expensive side. If you you were to look around you may be able to get the conveyancing a bit cheaper by as much as a hundred pounds. On the other hand, if you were content with the service the firm gave you maycome to rue opting for an an unknown conveyancer. If is important to check that the conveyancer can represent Norwich and Peterborough Building Society. You can utilise our search tool to locate a Nantwich conveyancing firm on the Norwich and Peterborough Building Society approved list of lawyers, which can often include conveyancing solicitors in Nantwich.
My husband and I are purchasing a newly constructed duplex in Nantwich and my solicitor is telling me that she is duty bound to the lender to disclose incentives from the seller. I am under pressure to exchange and I would rather not delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We see that you have a post code search directory listing firms on the Skipton conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Nantwich?
We are a listing service only for law firms wishing to communicate if they are on the Skipton conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Nantwich.
My mortgage company has suggested solicitors on their panel based in Nantwich but I would rather choose a conveyancing lawyer in Nantwich or nearer to where I live. Are you able to help?
It is by no means the case that all Nantwich conveyancing practices are on all lender’s conveyancing panel. Do make use of the above find an approved solicitor tool to identify a Nantwich conveyancing firm on the on the lender panel.
We are purchasing a house and the conveyancer has raised the issue of Chancel Repair for which the property may be obligated to contribute to given it’s proximity to the area of such a church. He has recommended insurance. Is this strictly appropriate for conveyancing in Nantwich
Unless a prior purchase of the property completed post 12 October 2013 you could expect solicitors delivering conveyancing in Nantwich to continue to advocate a chancel search and or insurance against a claim.
I am employed by a long established estate agency in Nantwich where we have experienced a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have been given contradictory information from local Nantwich conveyancing solicitors. Please can you clarify whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I am the registered owner of a garden flat in Nantwich, conveyancing formalities finalised in 2003. How much will my lease extension cost? Similar properties in Nantwich with a long lease are worth £176,000. The ground rent is £50 yearly. The lease terminates on 21st October 2105
You have 80 years unexpired we estimate the price of your lease extension to range between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered 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.