Do banks and building societies provide you with an approved list of Castle Cary conveyancing solicitors? How do you know who is on the Bank of Ireland conveyancing panel?
Castle Cary conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.
I am considering refinancing my property in Castle Cary, does my lawyer need to be on the Bank of Ireland Solicitor panel?
There is nothing to stop you using your solicitor, but Bank of Ireland will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
How does conveyancing in Castle Cary differ for new build properties?
Most buyers of new build residence in Castle Cary contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Castle Cary tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Castle Cary or who has acted in the same development.
I own a leasehold house in Castle Cary. Conveyancing and Leeds Building Society mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1993. The conveyancing practitioner in Castle Cary who previously acted has long since retired. 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. It is not necessary to incur the fees of a Castle Cary conveyancing practitioner to do this as it can be done on-line for £3. 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.
Castle Cary Conveyancing for Leasehold Flats - Sample of Queries before buying
Best to be warned whether window replacement or some other significant cost is anticipated to be shared amongst the tenants and may well dramatically impact the level of the service fees or require a specific invoice. Is there a share of the freehold? Most Castle Cary leasehold apartments will incur a service charge for the upkeep of the block levied by the management company. Should you acquire the flat you will have to pay this liability, usually quarterly during the year. This could vary from a few hundred pounds to thousands of pounds for large purpose-built buildings. In all probability there will be a rentcharge to be met annual, this is usually not a large amount, say around £50-£100 but you need to check it because on occasion it can be prohibitively expensive.
My brother is buying a studio flat in Castle Cary. He was given a quote by the conveyancing practitioner connected to the estate agents and it came to £1385 . It was ten years ago since I sold and bought a property and the fee was £450. Have costs really increased to that extent?
We would recommend that you visit 3 or 4 local Castle Cary conveyancing solicitors seeking prices. It is advisable to base your selection not solely on cost, but on promptness and on how comprehensive the reply was.