At long last a mortgage offer from Santander for the refinancing of my 4 room flat is expected within the next few days. Are you able to propose a cheap conveyancing law firm in Bowthorpe?
You are on the wrong site if you are in need of the cheapest conveyancing solicitors in Bowthorpe. Our aim is to provide value for money conveyancing but we do not aim to work with the cheapest lawyers. Do not be seduced by organisations offering £100 conveyancing in Bowthorpe. Optimistically, in being led by low cost conveyancing, you will end up with what you pay for and at worst it will result in you spending a lot in additional fees and still not receive the service required.
My apartment in Bowthorpe is up for sale and I have a purchaser. Will my conveyancer have to be required to be on the RBS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the RBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
I am expecting a DIP from Aldermore this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Aldermore recommend any Bowthorpe solicitors on the Aldermore conveyancing panel, or is it better to go independently?
You will need to appoint Bowthorpe solicitors independently although you'll need to choose one on the Aldermore conveyancing panel. The solicitor represents both you and Aldermore through the process.
After shopping around on the internet I have found a Bowthorpe property lawyer having checked that they are on the Aldermore conveyancing panel. Does my lawyer arrange the survey of the property?
Aldermore will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Bowthorpe postcode. As you are getting a mortgage with Aldermore, you could contact them to see if they have a list of approved surveyors in Bowthorpe.
HSBC have agreed my home loan in principle, my bid on a apartment in Bowthorpe has been accepted, now what?
The estate agent will want to know who your solicitors are (be sure the conveyancers are on the lender’s panel). Telephone HSBC or the financial adviser and finalise any appropriate forms. HSBC will appoint a valuer who will get in contact with the selling agent or vendor to book a slot for the valuation to happen. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. HSBC will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Bowthorpe.
Taking into account that I am about to spend £400,000 on a terraced house in Bowthorpe I wish to have a conversation with the lawyer regarding thehouse move ahead of instructing the firm. Is this something that you can arrange?
Absolutely - we would be happy to talk to you we do not take any clients on without you liaising with the solicitor who will be carrying out your conveyancing in Bowthorpe.There is no ‘factory style conveyancing’ - every client is unique person, not a matter number. The law firms that we put you in touch with believe that the fees you are quoted for your conveyancing in Bowthorpe should be the amount on the final invoice that you are charged.
I have just started marketing my basement flat in Bowthorpe. Conveyancing solicitors are to be appointed soon, however I have recently had a quarterly service charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as usual given that all rents and service invoices should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I bought a 1 bedroom flat in Bowthorpe, conveyancing formalities finalised in 2004. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Bowthorpe with an extended lease are worth £181,000. The ground rent is £55 yearly. The lease runs out on 21st October 2069
With 50 years unexpired we estimate the premium for your lease extension to span between £32,300 and £37,400 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 comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.