At long last a loan agreement from Santander for the remortgage of my 2 bedroom maisonette is coming within the next few days. Are you able to propose a cheap conveyancing practitioner in Shrivenham?
You are on the wrong site if you are in need of the cheapest conveyancing in Shrivenham. Our aim is to provide excellent value conveyancing but we do not advertise as being the cheapest. Do not be swayed by brokers offering the bait of low cost conveyancing in Shrivenham. Optimistically, in going for cheap conveyancing, you will get your money’s worth and at worst it will result in you invoiced for extras and still not receive the service you were looking for.
I own a freehold premises in Shrivenham but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Shrivenham and has limited impact for conveyancing in Shrivenham 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 date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
There is lots of here concerning conveyancing in Shrivenham but what is your top tip for selecting the right conveyancer in Shrivenham
It would be unwise to be tempted by the cheapest Shrivenham conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am purchasing a property in Shrivenham. One unusual aspect is that the roof has a solar panel. Virgin Money have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Virgin Money your lawyer must check the conveyancing requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook contains minimum conditions for solar panel roof-space leases, and property lawyers are required to report to Virgin Money where a lease fails to satisfy these requirements. The specifications relate to the installation of panels on properties countrywide and is not limited to Shrivenham.
Our sealed bid on a detached house in Shrivenham has been accepted, the owners do however have a tied purchase. The owners have offered on a property, but it’s not been accepted yet, and have viewings of other flats in the pipeline. I have instructed a high street conveyancing solicitor in Shrivenham. What should be my next step? When should I get the mortgage application with RBS started?
It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx one thousand pounds, then valuation, Shrivenham conveyancing search fees, etc). First, you must ensure that your conveyancing practitioner is on the RBS conveyancing panel. As to the subsequent steps this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. During a buoyant market some buyers will apply for the mortgage with RBS and pay for the valuation and only if it was satisfactory would they pay their property lawyer to press on with searches.
Just bought a terraced house in Shrivenham , how long will it take for the Land Registry to record the transfer to my name? My Shrivenham conveyancing solicitor works at snail pace, so I want to be sure the land registry aspects are addressed.
There is nothing unique when it comes to conveyancing in Shrivenham registration formalities. Rather than based on location, timeframes can vary according to the party submitting the application, whether it is in order and whether the Land registry communicate with any other parties. At present roughly three quarters of submission are fully addressed in less than three weeks but some can be subject to protracted delays. Registration takes place once the new owner has moved in to the property so 'speed' is not typically an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers can speak with the land registry and explain the circumstances.
I'm refinancing my existing home to a BTL loan with Yorkshire Building Society and I will use the rest of the raised equity as a deposit on a second property. The location we are talking about is Shrivenham. Will your solicitors be able to act for both sets of lenders and link together the transactions?
Do use our comparison tool on this site to be sure that the conveyancers are on the appropriate lender panels. Having checked that they are your lawyer will be able to connect the two conveyancing matters but you should have a chat with you solicitor and make clear your expectations and requirements.
I own a leasehold house in Shrivenham. Conveyancing and The Royal Bank of Scotland mortgage are in place. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1993. The conveyancing practitioner in Shrivenham who previously acted has now retired. Do I pay?
The first thing you should do is make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to instruct a Shrivenham conveyancing firm to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a 2 bed flat in Shrivenham, conveyancing having been completed October 2011. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Shrivenham with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 yearly. The lease ends on 21st October 2095
With just 70 years unexpired we estimate the price of your lease extension to be between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.