I am considering applying for a Barclays mortgage for purchase of a new build (under development) in Boscombe with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Barclays ?
There is nothing to stop you using your solicitor, but Barclays will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I have been told that property searches are the main cause of delay in Boscombe house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Boscombe.
I bought my apartment on 2 August and my personal details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Boscombe expressed confidence that it should be concluded inside ten days. Are properties in Boscombe uniquely lengthy to register?
There is nothing unique about conveyancing in Boscombe registration formalities. As opposed to being determined by geographic area, timeframes can vary subject to who lodges the application, whether it is in order and whether the Land registry must send notices to any other persons or bodies. Currently roughly 80% of such applications are completed in less than three weeks but some can be subject to extensive hold-ups. Registration takes place after the buyer has moved in to the premises so an expedited registration is not usually primary concern yet where there is a degree of urgency associated with the registration then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.
I need to retain a conveyancing solicitor for sale conveyancing in Boscombe. I happened to chance upon a site which appears to be the perfect answer If it is possible to get all this stuff completed via web that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We expect to complete our sale of a £325,000 flat in Boscombe next week. The management company has quoted £420 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Boscombe?
Boscombe conveyancing on leasehold maisonettes often involves the purchaser’s solicitor sending questions for the landlord to address. Although the landlord is under no legal obligation to answer these enquiries the majority will be willing to do so. They are entitled to charge a reasonable administration fee for responding to questions or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is £350, in some cases it is in excess of £800. The management information fee invoiced by the landlord must be accompanied by a summary of entitlements and obligations in relation to administration fees, otherwise the charge is not strictly payable. In reality you have no choice but to pay whatever is demanded should you wish to complete the sale of your home.
I purchased a garden flat in Boscombe, conveyancing was carried out 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Boscombe with an extended lease are worth £197,000. The ground rent is £55 per annum. The lease terminates on 21st October 2074
With 55 years remaining on your lease the likely cost is going to range between £31,400 and £36,200 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues 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 without first seeking the advice of a professional.