I'm in the process of transferring my domestic loan to a Buy to Let Barclays Direct mortgage. The bank has said that I need a lawyer as part of the process. I spoke to my previous Aldridge conveyancing solicitor who dealt with the legals when I previously acquired the property. The costs illustration they've given of £550 is an eye-watering amount to do this as its a refinance than a sale or purchase.
The charges seem a little high. Where you are prepared to spend time comparing quotes you may be able to get the conveyancing a bit cheaper by say £125. That being said, assuming were satisfied with the assistance the firm gave you couldlive to rue opting for an an unknown lawyer. Remember to enquire the firm can represent Barclays Direct. You can use our search tool to select a Aldridge conveyancing firm on the Barclays Direct approved list of lawyers, which can often include conveyancing solicitors in Aldridge.
IfI was to buy a simple residential propertyin Aldridge mortgage fee and dispense with a survey and no local authority searches how much could I expect to to save on my conveyancing in Aldridge?
Any savings you would gain would be limited to the Aldridge conveyancing searches. Your conveyancing practitioner still got to do everything else - money laundering, correspond with your sellers property lawyer, SDLT return, register the ownership etc. A slight saving might be made by not having to register a charge but it will not be significant.
My property lawyer in Aldridge is not listed on the Alliance & Leicester Solicitor Panel. Is it possible for me to use my family solicitor even though they are not on the Alliance & Leicester panel?
Your options are as follows:
- Complete the purchase with your preferred Aldridge lawyers but Alliance & Leicester will need to retain a solicitor on their panel. This will result in additional overall legal fees and cause frustration.
- Get a new practitioner to to deal with the purchase, remembering to check they are Alliance & Leicester approved.
- Try to convince your Alliance & Leicester solicitor to try to join the Alliance & Leicester panel
I am purchasing a house and the solicitor has referenced Chancel Repair to which the house could be liable given it’s proximity to the area of such a church. He has mentioned insurance. Is this strictly necessary for conveyancing in Aldridge
Unless a prior acquisition of the property took place after 12 October 2013 you could expect lawyers delivering conveyancing in Aldridge to continue to suggest a chancel search and or chancel repair liability policy.
I only have 62 years remaining on my lease in Aldridge. I now want to extend my lease but my freeholder is can not be found. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to track down the landlord. On the whole a specialist may be useful to try and locate and to produce an expert document to be used as evidence that the landlord can not be located. It is advisable to get professional help from a conveyancer both on proving the landlord’s disappearance and the vesting order request to the County Court overseeing Aldridge.
I acquired a 1st floor flat in Aldridge, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Aldridge with a long lease are worth £265,000. The ground rent is £50 invoiced every year. The lease ceases on 21st October 2102
With just 76 years remaining on your lease we estimate the price of your lease extension to be between £8,600 and £9,800 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.