We hope to to buy with Melton Mowbray Building Society. We have called around locally yet am struggling to find a Thatcham conveyancing firm on the Melton Mowbray Building Society approved list. Please you assist?
Feel free to make use of the find a lender approved solicitor tool on this site. Pick the mortgage company and type Thatcham or your preferred area and you will see numerous solicitors located in Thatcham or by proximity to you.
How does conveyancing in Thatcham differ for new build properties?
Most buyers of new build property in Thatcham approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because builders in Thatcham usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Thatcham or who has acted in the same development.
I was recommended by a couple of local selling agents in Thatcham to locate a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to promote your services over alternative conveyancing organisations?
We don’t make any referral fee for pointing buyers and sellers our way. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
In my capacity as executor for the will of my father I am selling a house in Newport but live in Thatcham. My lawyer (based 250 miles awayrequires that I execute a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing practitioner in Thatcham who can attest this legal document for me?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are located in Thatcham
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £425,000 apartment in Thatcham in just under a week. The management company has quoted £408 for Landlord’s certificate, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Thatcham?
Thatcham conveyancing on leasehold flats nine out of ten times results in administration charges invoiced by management companies :
Completing pre-contract enquiries
Where consent is required before sale in Thatcham
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Thatcham Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to Purchasing
Who are the managing agents? Is there a share of the freehold? The best form of lease arrangement is a share of the freehold. In this scenario the lessees enjoy control and even though a managing agent is usually employed where the building is bigger than a house conversion, the managing agent retained by the leaseholders.
We own a leasehold flat in Thatcham. Conveyancing was finished in 21012. I have been told that I should not let the the remaining lease term to get too low. Why is that a problem?
Thatcham domestic long term leases are for a prescribed period - often 99 years when they are first granted. However many flats in Thatcham were constructed or converted in the 60’s and so such leases now have under eighty years left to run. This may seem like a long time however Banks, Building Societies and other mortgage companies tend to need leases to have a minimum of 75 years left to be mortgageable. This means that when you come to sell the property you will need to extend the term of your lease if you are getting close to eighty years. To optimize your property value you should be thinking about whether or not to extend your lease well in advance of selling the property. Please note that there are strong financial reasons to doing so before the lease reaches even 80 years as when the lease falls below eighty years the premium to be paid to extend starts to increase.