Recently been in touch with my conveyancing lawyer in Westbury Park who completed the legal work 18 months ago requesting a conveyancing estimate based on an identical type of house move (a leasehold premises and a freehold property) of similar values with a mortgage from Britannia. I am now being charged twice the amount. Better the devil I know or should I seek out a cheaper online firm of conveyancing solicitor?
The estimate does seem a tad on the high side. If you are prepared to spend time scrutinising prices you could reduce the fees slightly by perhaps £100 plus VAT. That being said, assuming were pleased with the service the firm provided you couldlive to regret choosing an an untested lawyer. If is important to ensure the conveyancer can represent Britannia. You can employ our search tool to get a quote a Westbury Park conveyancing firm on the Britannia approved list of lawyers, which can often include conveyancing solicitors in Westbury Park.
We were just about to exchange contracts for a property in Westbury Park. We encountered a problem. Our loan offer with Leeds Building Society expires on 17/10/2025 but the vendors are suggesting a completion date of 21/10/2025. Is it possible to prolong the loan offer?
The person best placed to deal with your question is your conveyancer who will hopefully assess if they corresponding with the mortgage company, vendor’s representatives, estate agents or possibly all three taking into account the history of your conveyancing as of today.
Last month we had a mortgage agreed in principle with Nottingham. Westbury Park conveyancing solicitors were chosen. How long does it take for Nottingham to issue the offer to the lawyer?
There is no definitive answer here. Have Nottingham conducted the survey? Have you advised Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
The mortgage over my property is with Skipton for my property in Westbury Park. Conveyancing was finalised months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Skipton?
Your original mortgage agreement with Skipton will provide that you need their approval before renting your property as this is likely to be a breach of Skipton’s mortgage conditions. It may be that Skipton will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Skipton directly. You need not do this via a Skipton conveyancing panel firm.
I have instructed a Westbury Park solicitor having checked that they are on the UBS conveyancing panel. Does my lawyer arrange the survey of the property?
UBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually UBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Westbury Park surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
The estate agent has sent us the confirmation of our purchase of a new build flat in Westbury Park. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Westbury Park
-
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please confirm the Lease plans are surveyor prepared.
In my capacity as executor for the estate of my father I am disposing of a property in Monmouth but live in Westbury Park. My conveyancer (who is 300 miles from mehas requested that I execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing lawyer in Westbury Park to witness and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are based in Westbury Park
All being well we will complete our sale of a £250,000 garden flat in Westbury Park on Thursday in a week. The landlords agents has quoted £372 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Westbury Park?
Westbury Park conveyancing on leasehold maisonettes often requires the buyer’s conveyancer sending enquiries for the landlord to answer. Although the landlord is under no legal obligation to answer these enquiries the majority will be content to assist. They are entitled to charge a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is over three hundred pounds, in some transactions it exceeds £800. The management information fee required by the landlord must be accompanied by a synopsis of entitlements and obligations in relation to administration fees, otherwise the charge is not strictly payable. Reality however dictates that one has little option but to pay whatever is demanded should you wish to sell the property.
I inherited a leasehold flat in Westbury Park, conveyancing formalities finalised in 2007. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Westbury Park with a long lease are worth £260,000. The ground rent is £45 invoiced every year. The lease runs out on 21st October 2099
You have 74 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.