I was referred a lawyer who has given a fee estimate £1150 for freehold conveyancing in Attleborough. I’m hoping to downsize from a modern house for £275,000. Is this too much? Is it in excess of what I should be paying for conveyancing in Attleborough?
The costs illustration is slightly on the expensive side. If you shop around you may be able to trim some of the cost by perhaps £100 plus VAT. On the other hand, you maycome to regret choosing an a cheaper lawyer. Remember to enquire that the firm can represent your mortgage company. Do utilise our comparison tool to find a Attleborough conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Attleborough.
We previously chose conveyancers located in Attleborough on the Aldermore solicitor approved list. They have just invoiced me an additional sum for the legal aspects of the Aldermore mortgage. Is this an additional conveyancing fee set by Aldermore?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your lawyer may levy a fee for this. The fee is not set by Aldermore but by your Attleborough lawyer. Numerous firms on the Aldermore panel will quote an ‘acting for lender’ fee but many firms incorporate it on their overall fee.
My wife and I are at the point of viewing apartments in Attleborough and I am now considering a potential offer. Is it premature to have a solicitor in place? I am planning to take a mortgage with Lloyds.
It would be advisable to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. Given that you are getting a mortgage with Lloyds, ask your prospective lawyers if they are on the Lloyds conveyancing panel otherwise they can't do the mortgage legal work.
The mortgage over my property is with Santander for my property in Attleborough. Conveyancing has been completed months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Santander?
Your original mortgage agreement with Santander will provide that you need their approval before letting out your property as this is likely to be a breach of Santander’s mortgage conditions. It may be that Santander 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 Santander directly. You need not do this via a Santander conveyancing panel solicitor.
It has been 3 months following my purchase conveyancing in Attleborough took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm remortgaging my existing home to a BTL mortgage with Halifax and intend to use the remaining equity as a down payment on further property. The neighborhood we are talking about is Attleborough. Will your conveyancers be able to act for both sets of banks and link together the two deals?
Do use our comparison tool on this page to check that the lawyers are on the relevant lender panels. Having checked that they are the lawyer will be able to connect the two deals but you should talk with you solicitor and communicate your desired outcome and needs.
My wife and I purchased a leasehold flat in Attleborough. Conveyancing and Clydesdale mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Attleborough who acted for me is not around. Do I pay?
The first thing you should do is contact the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to instruct a Attleborough conveyancing firm to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I invested in buying a studio flat in Attleborough, conveyancing having been completed August 1998. Can you work out an approximate cost of a lease extension? Equivalent properties in Attleborough with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 per annum. The lease finishes on 21st October 2090
With just 66 years remaining on your lease we estimate the premium for your lease extension to span between £12,400 and £14,200 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.