I have just started taking steps with the aim of changing my domestic home loan to a Buy to Let Britannia mortgage. I have been informed by my broker that I require a lawyer as part of the process. I spoke to my previous New Waltham conveyancing firm who acted on my behalf when I originally bought the property. The costs illustration provided of just over five hundred pounds has taken me by surprise as its a remortgage than a sale or purchase.
The estimate fees seem a little high. If you shop around you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. That being said, providing that you were pleased with the legal work the firm offered you couldlive to rue choosing an an unknown lawyer. If is important to ensure that the solicitor can act for Britannia. You can use our search tool to choose a New Waltham conveyancing firm on the Britannia approved list of lawyers, which can often include conveyancing solicitors in New Waltham.
How do I find out if the solicitor carrying out my conveyancing in New Waltham is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Lloyds TSB Bank thus spending £175.00 in supplemental conveyancing charges.
Please do take advantage of the search tool on this site. Please choose the lender and type ‘New Waltham’ or your location and you will discover numerous solicitors based in New Waltham or by proximity to you.
I have been on the look out for a leasehold apartment up to £305k and found one near me in New Waltham I like with amenity areas and station in the vicinity, however it's only got 49 years on the lease. There is not much else in New Waltham for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage that many years may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
How do I locate a New Waltham solicitor on the The Royal Bank of Scotland conveyancing panel? I drive a motor bike and am willing to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the facility on this website. Please pick a bank and your location and you will see a number of New Waltham conveyancing lawyers located nearest you. We have detailed some New Waltham conveyancing firms towards the end of this page and you can telephone them to see whether they are on the The Royal Bank of Scotland panel
My husband and I are 18 days into a freehold purchase having been directed to a firm by the estate agent to do our conveyancing in New Waltham. I am am starting to be disappointed with the quality of service. Could you help me find new solicitors?
A solicitor would need to be very bad in order to consider diss instructing them. Has your loan offer been generated? If so you need to inform them of the new conveyancer and ensure the loan are issued to the new lawyers. Your new solicitor ideally should be on the banks approved list to avoid added fees and frustration. That should be your starting point. Our find a solicitor tool will help you find a lender approved conveyancer for your home move in New Waltham
Last September I purchased a leasehold house in New Waltham. Do I have any liability for service charges for periods before 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. It is an essential part 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 invested in buying a garden flat in New Waltham, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Comparable properties in New Waltham with a long lease are worth £180,000. The ground rent is £65 invoiced every year. The lease ends on 21st October 2085
You have 59 years remaining on your lease we estimate the premium for your lease extension to range between £20,900 and £24,200 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.