I am in the throes of switching my existing standard home loan to a BTL Godiva Mortgages Ltd mortgage. The bank has said that I require a lawyer for this. I got in contact with the same Parson Cross conveyancing practitioner who who conducted the conveyancing when I originally acquired the property. The fee estimate they've given of £470 is surprising as its a remortgage than a sale or purchase.
The estimate does seem a tad overpriced. If you shop around you might get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, if you were content with the conveyancing the firm gave you mightlive to rue opting for an a cheaper conveyancer. Don't forget to enquire the firm can act for Godiva Mortgages Ltd. Do utilise our search tool to choose a Parson Cross conveyancing firm on the Godiva Mortgages Ltd member panel, which can often include conveyancing solicitors in Parson Cross.
It is a dozen years since I purchased my home in Parson Cross. Conveyancing solicitors have recently been instructed on the sale but I am unable to track down my deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a chance that the deeds will be with your mortgage company or they could still be with the solicitor who handled the purchase. Secondly in most cases the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. Almost all conveyancing in Parson Cross relates to registered property but in the rare situation where your home is not registered it is more tricky but is resolvable.
A colleague suggested that if I am buying in Parson Cross I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Parson Cross conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Parson Cross around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Parson Cross Education with maps and statistics, Local Amenities and other useful information about Parson Cross.
I wish to rent out my leasehold flat in Parson Cross. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
Notwithstanding that your previous Parson Cross conveyancing solicitor is no longer available you can review your lease to check if it allows you to sublet the property. The rule is that if the lease is silent, subletting is allowed. There may be a precondition that you need to seek consent from your landlord or some other party prior to subletting. This means that you cannot sublet in the absence of first obtaining consent. The consent must not not be unreasonably refused ore delayed. If your lease does not allow you to sublet you should ask your landlord if they are willing to waive this restriction.
Leasehold Conveyancing in Parson Cross - Sample of Questions you should consider Prior to buying
Are any of leasehold owners in dispute over their service charge payments? The best form of lease arrangement is a share of the freehold. In this arrangement the lessees have control and notwithstanding that a managing agent is usually retained where it is larger than a house conversion, the managing agent acts for the leaseholders themselves.
Estate agents have just been given the go-ahead to market my ground floor flat in Parson Cross.Conveyancing is yet to be initiated but I have just received a quarterly service charge invoice – Do I pay up?
The sensible thing to do is pay the maintenance contribution as normal because all ground rent and service payments should be apportionedas part of the financial calculations for completion monies, so you will be reimbursed by the purchaser 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. Having a clear account will assist your cause and will leave you no worse off financially