After what seems like an age a mortgage offer from Santander for the remortgage of my 3 room maisonette is due by the end of next week. Are you able to propose a low cost conveyancing law firm in North Woolwich?
You are on the wrong site if you are in need of a cheap conveyancing in North Woolwich. Our intention is to offer excellent value conveyancing but we do not aim to advertise as being the cheapest. Resist the temptation to appoint organisations offering £100 conveyancing in North Woolwich. Optimistically, in being led by low cost conveyancing, you will end up with what you pay for and at worst you will end up invoiced for additional fees and still not end up with the service you were hoping for.
In the event thatI were to acquire a simple residential housein North Woolwich mortgage fee and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in North Woolwich?
The sole reduction in fees you would make on is the costs for searches. Your solicitor is obliged to do the vast majority of work - money laundering, liaising with your vendors property lawyer, stamp duty return, register the ownership etc. A marginal saving might be made by not needing to register a mortgage but it won't be significant.
I purchased a freehold residence in North Woolwich yet invoiced for rent, why is this and what is this?
It’s unusual for properties in North Woolwich and has limited impact for conveyancing in North Woolwich but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
My brother-in-law has suggested I instruct a conveyancing solicitor in North Woolwich. I I am struggling to find out whether they are on the Bank of Scotland conveyancing panel. Can you advise?
You should e-mail your lawyer and enquire whether they are on the lender panel. Otherwise please get in touch with Bank of Scotland who may be able to assist.
My bid for a property was accepted at auction in North Woolwich. Conveyancing is necessary. What is next?
Having legally bound yourself to purchase you must appoint a conveyancing solicitor quickly as you are facing a fast approaching a fixed date to complete the property. An auction property should have a corresponding auction set of papers. This will include most,if not all of the paperwork that your lawyer will need. In the case of leasehold property the legal papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to a leasehold property. You must pass this on to the conveyancer instructed by you at the earliest opportunity. Do make sure that your finances are in order to complete the transaction on the set completion date.
We had selected conveyancing lawyers with offices in North Woolwich on the Aldermore solicitor panel. They are now charging me a further amount for the legal aspects of the Aldermore mortgage. Is this a supplemental conveyancing fee set by Aldermore?
Provided it is contained in their Terms of Engagement or Quote then yes your property lawyer can charge a fee for this. The fee is not dictated by Aldermore but by your North Woolwich conveyancer. Some firms on the Aldermore panel will quote an ‘acting for lender’ fee and others do not.
I have paid off my mortgage with TSB. I assume I don't need a North Woolwich solicitor on the TSB panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. North Woolwich is where the house is located. Can you offer any guidance?
Flying freeholds in North Woolwich are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside North Woolwich you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in North Woolwich may determine 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 premises.