I am in the throes of transferring my existing standard mortgage to a Buy to Let Bank of Ireland mortgage. The bank has said that I require a solicitor for this. I got in contact with my past Stanmore conveyancing practitioner who dealt with the legals when I previously acquired the house. The fee calculation e-mailed to me of £550 is an eye-watering amount to do this as I am not require purchase conveyancing - it’s simply a straightforward remortgage.
The quote is fractionally on the expensive side. Where you are happy to expend time scrutinising prices you could get the conveyancing a bit cheaper by say £125. On the other hand, providing that you were content with the legal work the firm offered you mightcome to regret choosing an a cheaper lawyer. Remember to be sure the firm can also act for Bank of Ireland. You can use our search tool to find a Stanmore conveyancing firm on the Bank of Ireland conveyancing panel, which can often include conveyancing solicitors in Stanmore.
I am the registered owner of a freehold premises in Stanmore but nevertheless charged rent, why is this and what is this?
It is rare for properties in Stanmore and has limited impact for conveyancing in Stanmore 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 generation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Is it possible to swap conveyancer as I need to instruct a firm on the Aldermore conveyancing list. I hired a high street conveyancing solicitor in Stanmore five minutes from me but the firm is not accepted by Aldermore
We will our best to assist in finding you a conveyancing solicitor in Stanmore on the Aldermore panel. Please note that the law firms that we work with do not pay us a referral fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Stanmore. Using search facility on this page, you can contrast costs for conveyancing solicitors in Stanmore and beyond.
My husband and I are new to the buying process - agreed a price, but the property agent informed us that the owners will only move forward if we instruct the agent's chosen conveyancers as they are insisting on a ‘quick sale’. We would rather use a local solicitor used to conveyancing in Stanmore
We suspect that the seller is unaware of this requirement. If they require ‘a quick sale', alienating a genuine buyer is counter productive. Bypass the agents and go straight to the owners and explain that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you will continue to use your preferred Stanmore conveyancing solicitors - not the ones that will earn their estate agent a referral fee or hit his conveyancing thresholds demanded by head office.
I've found a house that seems to be perfect, at a great price which is making it more attractive. I have since discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Stanmore. Conveyancing lawyers have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Stanmore ?
Most houses in Stanmore are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. We note that you are buying in Stanmore so you should seriously consider shopping around for a Stanmore conveyancing solicitor and check that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as requiring the landlord’sconsent to carry out alterations. It may be necessary to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your lawyer will report to you on the legal implications.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Stanmore conveyancing firm to help?
You certainly can. We are happy to put you in touch with a Stanmore conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Stanmore flat is 27B Hillside in February 2010. the resulting premium, all other aspects of the valuation having been agreed between the parties was set at £8,250 This case related to 1 flat. The number of years remaining on the existing lease(s) was 70.25 years.
I have recently placed an offer on an apartment in Stanmore and the broker that we are using recommended his solicitor. They quoted nine hundred pounds excluding VAT and 3rd party costs. Does this sound expensive?
Don't just go on a single quote. One should seek like-for-like quotes for your conveyancing in Stanmore. Then select one that you trust and crucially, is on the approved panel of the lender that you are sourcing your mortgage from.