Finally, a mortgage offer from HSBC for the refinancing of my single bedroom maisonette is coming imminently. Can you suggest a cheap conveyancing law firm in Tidworth?
You have come to the wrong site to search for cut-price fees for conveyancing solicitors in Tidworth. Our intention is to offer affordable conveyancing but we do not aim to work with the cheapest lawyers. Resist the temptation to appoint organisations seducing you with ninety nine pound conveyancing in Tidworth. In your best case scenario, in deciding on low cost conveyancing, you will get your money’s worth and at worst it will result in you invoiced for additional fees and still not receive the service expected.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Does this mean I have to use their panel lawyer as I would prefer to instruct a Tidworth based conveyancing firm?
You should check but the chances are that give you one of their panel conveyancers should you take up the "fee-free" offer. Speak to the bank to explore if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor near Tidworth.
We had selected solicitors located in Tidworth 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 specified by UBS?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your lawyer can charge a fee for this. This charge is not set by UBS but by your Tidworth property lawyer. Plenty of firms on the UBS panel will levy an ‘acting for lender’ fee but plenty of firms incorporate it on their overall fee.
My wife and I have organised a further advance on our mortgage from Virgin Money as we intend to conduct renovations to our home in Tidworth. Are we obliged to select a nearby Tidworth solicitor on the Virgin Money conveyancing panel to handle the legals?
Virgin Money would not normally appoint a member of their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money list.
I was told four weeks ago that my mortgage has been agreed to by Yorkshire BS. Is it usual for Yorkshire BS to only issue the offer once my solicitor in Tidworth is approved on their conveyancing panel? Yorkshire BS have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Yorkshire BS to deal with your lawyer's application to be on the Yorkshire BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Over the last few months I have been searching for a flat up to £245,000 and identified one near me in Tidworth I like with open areas and station in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Tidworth for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
Having had my offer accepted I require leasehold conveyancing in Tidworth. Before I get started I require certainty as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and 99.9% are in Tidworth - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a leasehold flat in Tidworth, conveyancing formalities finalised December 2000. Can you work out an approximate cost of a lease extension? Corresponding flats in Tidworth with over 90 years remaining are worth £222,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2090
With only 71 years remaining on your lease the likely cost is going to range between £9,500 and £11,000 plus professional fees.
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 in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.