We previously chose conveyancing lawyers locally in Old Windsor on the UBS solicitor panel. They are now charging me a separate sum for dealing with the UBS mortgage. Is this a supplemental conveyancing fee set by UBS?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your conveyancing practitioner can levy a fee for this. This fee is not set by UBS but by your Old Windsor property lawyer. Plenty of firms on the UBS panel will charge an ‘acting for lender’ fee but plenty of firms incorporate it on their overall fee.
Last month we had a mortgage agreed in principle with Lloyds. Old Windsor conveyancing solicitors were instructed. What is the average time that one could expect to receive a mortgage offer from Lloyds?
There is no definitive answer here. Have Lloyds done the valuation? Have you advised Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Intending to buy a flat in Old Windsor. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Old Windsor property lawyer is on the Co-operative conveyancing panel.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Old Windsor is where the house is located. What do you suggest?
Flying freeholds in Old Windsor are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Old Windsor you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Old Windsor may decide 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 residence.
Is there anything unique about your site and alternative web based conveyancing brokers when it comes to conveyancing in Old Windsor?
At this site receive an accurate quote from a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Old Windsor. As opposed to estate agents and brokerage sites we are not in the business of charging firms a fee if you select them for your home move in Old Windsor
I have just appointed agents to market my basement flat in Old Windsor. Conveyancing lawyers have not yet been instructed, but I have recently received a yearly service charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is pay the maintenance contribution as usual given that all ground rent and maintenance charges will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless 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 purchased a basement flat in Old Windsor, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Old Windsor with an extended lease are worth £211,000. The ground rent is £45 invoiced every year. The lease ends on 21st October 2086
With just 67 years left to run we estimate the price of your lease extension to be between £10,500 and £12,000 plus 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 the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.
My husband is purchasing a leasehold maisonette in Old Windsor. Conveyancing quotes are averaging around £1650. Does that seem right?
The average fee in 2014 for conveyancing in Old Windsor was just under one thousand five hundred pounds excluding Land Tax and HM Land Registry charges.