Finally, a mortgage offer from NatWest for the remortgage of my 4 bedroom apartment is to be issued any day now. Are you able to suggest a cheap conveyancing law firm in Stilton?
You have come to the wrong place to search for cut-price fees for conveyancing in Stilton. We can offer you affordable conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing brokers enticing you with low cost conveyancing in Stilton. At best, in being led by cheap conveyancing, you will earn what you pay for and at worst you will end up being stung for extras and still not receive the service expected.
We see that you have a search directory identifying law firms on the TSB conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Stilton?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Stilton.
When it comes to mortgage companies such as Nationwide, do Stilton conveyancers incur a fee to be on the list of approved solicitors?
We are unaware of any lender fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
I am expecting a DIP from Nationwide this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Nationwide recommend any Stilton solicitors on the Nationwide conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Stilton solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.
My offer on a house in Stilton has been agreed to, the sellers do however have a dependent purchase. The vendors have offered on a flat, however it’s not yet agreed to, and have viewings of other properties in the pipeline. I have chosen a high street conveyancing solicitor in Stilton. What do I do now? At what point do I apply for the mortgage with Bank of Ireland?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of one thousand pounds, then valuation, Stilton conveyancing search costs, etc). The first thing to do is check that your solicitor is on the Bank of Ireland approved list. Concerning the subsequent stages this very much depends on the uniqueness of your transaction, motivation for the property and on the state of the market. During a hot market the majority of buyers will apply for a home loan with Bank of Ireland and pay for the valuation and only if it comes back ok would they request their property lawyer to press on with searches.
I have justbecome aware that Arc property Solicitors have been shut down. They carried out my conveyancing in Stilton for a purchase of a leasehold apartment 18 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stilton conveyancing specialists.
I'm remortgaging my primary house to a buy to let mortgage with Leeds Building Society and intend to use the remaining equity as a down payment on a second property. The area we are looking at is Stilton. Will your lawyers be able to act for both sets of mortgage companies and tie in the transactions?
Make use of our search tool on this site to be sure that the conveyancers are on the relevant lender panels. Assuming that they are the conveyancer should be able to tie up the two deals but you should have a chat with you solicitor and make apparent your desired outcome and requirements.
There are only Fifty years unexpired on my flat in Stilton. I now wish to extend my lease but my freeholder is absent. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. However, you will be required to prove that you have done all that could be expected to track down the lessor. In some cases a specialist should be useful to carry out a search and to produce a report to be used as evidence that the freeholder can not be located. It is wise to seek advice from a conveyancer both on devolving into the landlord’s absence and the application to the County Court overseeing Stilton.
I acquired a 1st floor flat in Stilton, conveyancing having been completed December 2010. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Stilton with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 yearly. The lease ceases on 21st October 2080
With only 58 years remaining on your lease we estimate the premium for your lease extension to be between £22,800 and £26,400 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure 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 issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.