I am in the throes of porting my domestic loan to a Buy to Let Santander mortgage. I have been informed by my broker that I must appoint a lawyer as part of the process. I got in contact with my former Whitby conveyancing firm who acted on my behalf when I first purchased the property. The quote e-mailed to me of just over five hundred pounds has taken me by surprise as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate does seem a little overpriced. Where you are prepared to spend time contrasting quotes you might get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, if you were content with the assistance the firm provided you maylive to rue choosing an an unknown lawyer. If is important to ensure the firm can act for Santander. Do use our search tool to choose a Whitby conveyancing firm on the Santander approved list of lawyers, which can often include conveyancing solicitors in Whitby.
Can the conveyancing lawyers listed on your site carry out conveyancing in Whitby by way of an attended exchange?
We do have a number of conveyancing experts carrying out 24hr exchanges. Please e-mail us to secure a fee calculation and details as to dates.
I am the registered owner of a freehold house in Whitby yet pay rent, why is this and what is this?
It is rare for properties in Whitby and has limited impact for conveyancing in Whitby 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 many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I am looking for a leasehold apartment up to £245,000 and found one round the corner in Whitby I like with open areas and railway links nearby, the downside is that it only has 51 years unexpired on the lease. There is not much else in Whitby suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan the remaining unexpired lease term will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
My husband and I are first time buyers - agreed a price, yet the selling agent told us that the vendor will only issue a contract if we appoint their recommended lawyers as they want an ‘expedited deal’. We would rather use a family solicitor who is accustomed to conveyancing in Whitby
It is improbable the sellers are driving this. Should the vendor desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is not the way to achieve this. Speak to the owners direct and explain that (a)you are motivated buyers (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you are going to use your preferred Whitby conveyancing solicitors - rather thanthose that will earn the negotiator at the agency a introducer fee or achieve conveyancing targets pre-set by senior management.
I pay a service charge for my appartment in Whitby. Due to redundancy and other issues I slipped into arrears with payments. I negotiated a clearance schedule but there remains three thousand pounds due in arrears.
I want to sell and I am concerned this may threaten to derail the sale if I have to settle the arrears first. I'd like to sell up and subsequently pay them back with the completion monies - is this possible?
Do clarify with the conveyancer dealing with your Whitby conveyancing but it may be possible to agree for the outstanding amount to be passed to the purchasers. The purchase price due would be reduced to reflect the amount of debt they take on. They could then discharge the outstanding monies after completion of the sale.