We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would much rather appoint a high street conveyancing solicitor in Felling and Pelaw?
Do check but the chances are that appoint one of their panel conveyancers should you want the "fee-free" incentive. Speak to the mortgage company to ask if they make available a cash alternative. Some banks have previously offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Felling and Pelaw.
4 months have gone by following my purchase conveyancing in Felling and Pelaw concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Felling and Pelaw differ for newly converted properties?
Most buyers of new build premises in Felling and Pelaw come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because builders in Felling and Pelaw usually purchase the real estate, 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 conveyancing solicitors 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 used to new build conveyancing in Felling and Pelaw or who has acted in the same development.
Is it possible to switch conveyancer as I have to retain one who is on the Godiva Mortgages Ltd conveyancing list. I had appointed a high street conveyancing solicitor in Felling and Pelaw round the corner but she is not approved by Godiva Mortgages Ltd
It would be our pleasure to assist you select a conveyancing solicitor in Felling and Pelaw on the Godiva Mortgages Ltd panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Felling and Pelaw. In utilising search facility on this website, you can contrast costs for conveyancing solicitors in Felling and Pelaw and beyond.
I want to let out my leasehold flat in Felling and Pelaw. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
A small minority of properties in Felling and Pelaw do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I am the registered owner of a 1 bedroom flat in Felling and Pelaw, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Similar properties in Felling and Pelaw with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease terminates on 21st October 2084
You have 59 years remaining on your lease the likely cost is going to be between £20,900 and £24,200 plus legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.