I'm in the process of transferring my existing standard mortgage to a BTL Nottingham Building Society mortgage. The bank has said that I require a conveyancer for this. I had a chat my former Robertsbridge conveyancing practitioner who acted on my behalf when I first purchased the property. The costs illustration sent of £470 is an eye-watering amount to do this as its a refinance than a sale or purchase.
The charges are a little high. If you are prepared to invest time comparing costs you may be able to trim some of the expense by perhaps £125. That being said, assuming were content with the assistance the firm offered you couldcome to regret opting for an a cheaper solicitor. Remember to check the conveyancer can act for Nottingham Building Society. Do employ our search tool to select a Robertsbridge conveyancing firm on the Nottingham Building Society approved list of lawyers, which can often include conveyancing solicitors in Robertsbridge.
Should conveyancers request an advanced payment for conveyancing in Robertsbridge?
If you are buying a property in Robertsbridge your lawyer will request that you put them with monies to cover the search fees. Normally this is asked for to cover the fees of the Local Authority Search. If any down payment is payable against the sale price then this will be needed shortly prior to contracts are exchanged. Any further balance that is needed should be sent to your lawyer shortly before completion.
I'm buying my first flat in Robertsbridge with a mortgage from Barclays Direct. The builders would not reduce the amount so I negotiated £7000 of additionals instead. The house builders rep suggested that I not inform my solicitor about the extras as it would jeopardize my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am thinking of appointing a conveyancing lawyer in Robertsbridge for my house move. Is it possible to check a firm’s complaints history with the profession’s regulator?
You can read documented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training purposes.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £350,000 flat in Robertsbridge next week. The landlords agents has quoted £408 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Robertsbridge?
Robertsbridge conveyancing on leasehold maisonettes normally results in administration charges raised by freeholders :
Addressing pre-contract questions
Where consent is required before sale in Robertsbridge
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I bought a basement flat in Robertsbridge, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Robertsbridge with an extended lease are worth £176,000. The ground rent is £50 levied per year. The lease runs out on 21st October 2100
With just 80 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as legals.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.