Find a Lender-Approved Local Conveyancer in Royston

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Royston Conveyancing Statistics*

  • 1 Average Stamp Duty Payable for this year to date was £13,782
  • 2 Average time from start to moving day was 27 days for conveyancing in Royston
  • 3 Average Land Registry Fee for this year to date was £270
  • 4 125 is the median number of years remaining on leases in Royston
  • 5 89% freehold and 11% leasehold conveyancing in Royston for this year to date

Examples of recent conveyancing in Royston since November 2023*

Sale

of terraced premises, Nightingale Way, SG8 7XZ completing on 10/11/2023 at a price of £447,500. The conveyancing process included amongst the various tasks: sending conveyancing papers to buyers representatives, dealing with appropriate requisitions and enquiries, sending the transfer to the vendor for signature in preparation for completion

Sale

of semi residence, The Causeway, SG8 5LQ completing on 27/11/2023 at a price of £297,000. The conveyancing process incorporates some of the following tasks: sending the transfer to the seller for signature in preparation for completion, securing official copies of the title, agreeing completion date with parties

Recently asked questions about conveyancing in Royston

My mortgage company has suggested a law firm on their panel based in Royston but I would rather instruct a conveyancing lawyer in Royston or nearer to where I live. Are you able to help?

Not all Royston conveyancing firms are approved and listed on all lender’s conveyancing panel. Do make the most of the above search tool to identify a Royston conveyancing solicitor on the on the bank panel.

Last month we had a mortgage agreed in principle with Nottingham. Royston conveyancing lawyers were selected. How long does it take for Nottingham to forward the offer to the property lawyer?

There is no definitive answer here. Have Nottingham conducted the valuation? Have you advised Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

I was told two weeks ago that my mortgage has been agreed to by TSB. Is it usual for TSB to only issue the offer once my solicitor in Royston is approved on their conveyancing panel? TSB have asked my solicitor to see a copy of their PI Insurance.

Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.

I have finally had an offer on a flat in Royston agreed to, the vendors do however have a tied purchase. The vendors have offered on a flat, however it’s not yet agreed to, and are looking at other apartments in the pipeline. I have chosen a high street conveyancing solicitor in Royston. What do I do now? When do I get the mortgage application with Nationwide going?

It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx £1k, then valuation, Royston conveyancing search charges, etc). The first thing to do is check that your conveyancing practitioner is on the Nationwide conveyancing panel. Concerning the next phase this very much dictated by the circumstances of your transaction, desire for the property and on the state of the market. In a buoyant market some home buyers would apply for a home loan with Nationwide and pay for the valuation and only if it comes back ok would they pay their solicitor to proceed with searches.

I'm buying a new build house in Royston with a loan from Bank of Scotland. The sellers refused to reduce the amount so I negotiated 6k of additionals instead. The estate agent told me not disclose to my solicitor about the side-deal as it may put at risk my loan with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Given that I am about to spend 450k on a property in Royston I wish to have a conversation with the conveyancer concerning thehome move before instructing the firm. Can this be arranged?

Absolutely - we would be delighted to talk to you we do not take any clients on without you liaising with the lawyer due to be carrying out your conveyancing in Royston.There is no ‘factory style conveyancing’ - each client is unique person, not a file reference. The solicitors that we put you in touch with believe that the fees you are quoted for your conveyancing in Royston should be the figure that you end up paying.

In relation to leasehold conveyancing in Royston what are the most common lease problems?

There is nothing unique about leasehold conveyancing in Royston. Most leases are individual and legal mistakes in the legal wording can sometimes mean that certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:

    A duty to insure the building A provision for the recovery of money spent for the benefit of another party.

You will have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Accord Mortgages Ltd, The Royal Bank of Scotland, and Platform Home Loans Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, obliging the purchaser to withdraw.

I acquired a split level flat in Royston, conveyancing having been completed in 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Royston with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease finishes on 21st October 2100

With just 76 years left to run we estimate the premium for your lease extension to range between £8,600 and £9,800 plus legals.

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 in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.

My partner is purchasing a leasehold maisonette in Royston. Conveyancing estimates are coming in at around £1650. Does that seem right?

The average cost last year for conveyancing in Royston was £1,500 not including Land Tax and HM Land Registry fees.

Last updated

Home buying in Royston is a complex business, both legally and administratively. The exact order of events varies slightly, below are some of the tasks in the process.

  • Obtaining instructions from parties involved
  • Collating the documents evidencing the title to the property
  • Preparing contract and related papers
  • Submitting draft papers to the conveyancing practitioner representing the buyer
  • Negotiating contracts and responding to additional questions from the buyer’s conveyancing practitioner
  • Negotiating the transfer deed
  • Answering requisitions submitted by the purchaser’s conveyancing practitioner
  • Carrying out the key stage of exchanging contracts and then preparing for completion
  • Receiving sale proceeds and wiring funds to the owner, the estate agent and other relevant parties (if relevant)

Whether you are going through a divorce or separation or simply wish to transfer your property to someone else, transfer of equity conveyancing in Royston includes some of the following tasks:

  • Taking instructions from parties involved
  • Investigating the title to the property
  • Representing lender (if applicable)
  • Negotiating the terms of the transaction
  • Drawing up Transfer or approving the Transfer deed
  • Negotiating adjustments to the draft Transfer
  • Communicating with parties concerning the Transfer
  • Agreeing and preparing for completion
  • Receiving and releasing funds to the appropriate parties
  • Completing and submitting to HMRC the correct stamp duty forms and payment
  • Registering the transfer of ownership and the mortgage (if applicable) at the HMLR.

Royston commercial property solicitors provide expert offering advice on a number of issues across all aspects of commercial property law

    Buying, selling and leasing land for registered charities Compulsory land purchase Notices received in respect of alleged breaches of lease Property realisations and advice for insolvency practitioners Property finance transactions, including disposal and leaseback

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.