I'm in the process of changing my current homeowner mortgage to a BTL Bank of Ireland mortgage. I was told by my financial advisor that I need a conveyancer as part of the process. I got in contact with my previous Bourne End conveyancing solicitor who who conducted the conveyancing when I previously purchased the premises. The fee calculation provided of £550 has taken me by surprise as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a tad steep. If you shop around you may be able to trim some of the expense by perhaps a hundred pounds. That being said, assuming were content with the conveyancing the firm offered you mightlive to rue choosing an an unknown conveyancer. Don't forget to be sure the conveyancer can act for Bank of Ireland. Do employ our search tool to select a Bourne End conveyancing firm on the Bank of Ireland conveyancing panel, which can often include conveyancing solicitors in Bourne End.
My Conveyancer in Bourne End is not on the Halifax Solicitor Panel. Can I still use my prefered solicitor even though they are not on the Halifax list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your preferred Bourne End solicitors but Halifax will need to retain a solicitor on their panel. This will inevitably rack up the overall legal charges and result in delays.
- Choose a new practitioner to act in the purchase, not forgetting to check they are Convince your lawyer to use their best endeavours to join the Halifax conveyancing panel
I require expedited conveyancing in Bourne End as I am under pressure to complete within one month. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not taking a mortgage you are at liberty not to do searches although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Bourne End the following are instances of what can be revealed and adversely impact market value: Enforcement Notices, Overdue Charges, Outstanding Grants, Road Schemes,...
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Bourne End is the location of the property. What do you suggest?
Flying freeholds in Bourne End are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bourne End you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bourne End may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am employed by a busy estate agent office in Bourne End where we see a number of leasehold sales put at risk due to leases having less than 80 years remaining. I have been given inconsistent advice from local Bourne End conveyancing solicitors. Could you confirm whether the owner of a flat can commence the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I purchased a split level flat in Bourne End, conveyancing was carried out 9 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Bourne End with a long lease are worth £255,000. The ground rent is £45 levied per year. The lease expires on 21st October 2092
You have 73 years unexpired the likely cost is going to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.