Just been in touch with my conveyancing lawyer in Sheldon who conducted the legals 18 months ago requesting a conveyancing estimate based on the same type of house move (a leasehold property and a freehold property) of similar values with a home loan from HSBC Bank. It looks as though am now being charged double. Am I right to be tempted to shop around for a cheaper online conveyancer?
The costs illustration is slightly on the steep side. If you you were to look around you may be able to reduce the fees slightly by say £100 plus VAT. That being said, providing that you were pleased with the conveyancing the firm provided you mightlive to regret choosing an an untested solicitor. Don't forget to be sure that the solicitor can also act for HSBC Bank. Do utilise our search tool to get a quote a Sheldon conveyancing firm on the HSBC Bank approved list of lawyers, which can often include conveyancing solicitors in Sheldon.
is it true that all Sheldon solicitor practices on the UBS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the UBS conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do allow licenced conveyancers on their panel and in such a situation the practice would be regulated by the CLC.
Last month we had a mortgage agreed in principle with RBS. Sheldon conveyancing practitioners have been selected. How long does it take for RBS to forward the offer to the conveyancer?
Some lenders take longer than others. Have RBS completed the valuation? Have you informed RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have today made my last payment due on my mortgage with Leeds Building Society. I assume I don't need a Sheldon lawyer on the Leeds Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
Should commercial conveyancing searches reveal impending roadworks that may impact a commercial property in Sheldon?
Many commercial conveyancing solicitors in Sheldon will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Sheldon. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Sheldon.
For each commercial conveyancing transaction in Sheldon it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Sheldon commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Sheldon.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Sheldon is the location of the property. Is there any guidance you can give?
Flying freeholds in Sheldon are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Sheldon you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sheldon may ascertain 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 premises.
We expect to complete the sale of our £400,000 maisonette in Sheldon on Thursday in a week. The landlords agents has quoted £324 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge such fees for a leasehold conveyance in Sheldon?
For most leasehold sales in Sheldon conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
Answering pre-exchange questions
Where consent is required before sale in Sheldon
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 am the registered owner of a garden flat in Sheldon, conveyancing having been completed 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? Corresponding flats in Sheldon with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 levied per year. The lease expires on 21st October 2073
With just 54 years unexpired the likely cost is going to be between £31,400 and £36,200 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.