We are purchasing a new build duplex in Old Woking and my solicitor is telling me that she has to the mortgage company to disclose incentives from the developer. I am nearing the developer’s deadline to sign contracts and I would rather not delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can your site be used to locate a Conveyancing solicitor in Old Woking even if I’m not purchasing or selling a house, for example where I wish to buy a shop in Old Woking with a loan from Barclays Direct?
Our comparison service is mainly utilised to select domestic conveyancing solicitors in Old Woking but we have recorded at the bottom of this page a few Old Woking commercial conveyancing firms. You will need to speak with the solicitors directly to see if they are also authorised to represent Barclays Direct
I am purchasing a semi-detached house in Old Woking. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Old Woking you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Old Woking.
This question may be naive but I am wet behind the ears as a 1st time purchaser of a garden flat in Old Woking. Do I receive the keys to the property on the completion date from my lawyer? If so, I will appoint a High Street conveyancing solicitor in Old Woking?
On the day of completion you will not be required to attend the conveyancers office in Old Woking. Your solicitors will transfer the completion advance to the vendor’s conveyancers, and shortly after the monies have arrived, you will be invited to collect the keys from the property Agents and start moving into the property. Usually this occurs between 1 and 3pm.
I am currently in the process of buying my council flat in Old Woking. I have a mortgage agreed with RBS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
Planning on purchasing a maisonette in Old Woking. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS 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 Woking property lawyer is on the RBS conveyancing panel.
I only have Sixty One years unexpired on my lease in Old Woking. I now wish to extend my lease but my freeholder is can not be found. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. However, you will be required to prove that you or your lawyers have made all reasonable attempts to locate the freeholder. In some cases an enquiry agent should be useful to try and locate and prepare an expert document which can be used as proof that the freeholder is indeed missing. It is advisable to get professional help from a solicitor both on devolving into the landlord’s absence and the vesting order request to the County Court covering Old Woking.
I inherited a split level flat in Old Woking, conveyancing having been completed July 2002. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Old Woking with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £45 levied per year. The lease runs out on 21st October 2081
With 62 years remaining on your lease we estimate the premium for your lease extension to range between £17,100 and £19,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.