We have a mortgage agreed in principle with Santander. Whittlesey conveyancing solicitors have been selected. How long does it take for Santander to issue the offer to the conveyancer?
There is no definitive answer here. Have Santander completed the valuation? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We were going to get a AIP from Bank of Ireland this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Bank of Ireland recommend any Whittlesey solicitors on the Bank of Ireland conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Whittlesey solicitors independently although you'll need to choose one on the Bank of Ireland conveyancing panel. The solicitor represents both you and Bank of Ireland through the process.
Planning on purchasing a house in Whittlesey. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bank of Ireland 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 Whittlesey conveyancing practitioner is on the Bank of Ireland conveyancing panel.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when buying a house in Whittlesey? or Apparently there is an ancient law that could mean that house owners residing in a parish church boundary may be liable to pay for repairs towards the chancel in proximity to the church. Is this suitable for conveyancing in Whittlesey?
Unless a previous acquisition of the property took place post 12 October 2013 you could assume that conveyancing practitioners conducting conveyancing in Whittlesey to continue to propose a a chancel search and or insurance against a claim.
I need to retain a conveyancing solicitor for remortgage conveyancing in Whittlesey. I happened to stumble across a site which looks to be the ideal solution If it is possible to get all formalities completed via phone that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am tempted by the attractive purchase price for a two apartments in Whittlesey which have in the region of fifty years left on the lease term. should I be concerned?
There are plenty of short leases in Whittlesey. The lease is a right to use the premises for a prescribed time frame. As the lease shortens the marketability of the lease deteriorates and it becomes more costly to extend the lease. This is why it is advisable to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on properties of this type. Lease extension can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this area.
I acquired a 1 bedroom flat in Whittlesey, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Whittlesey with an extended lease are worth £222,000. The ground rent is £50 invoiced annually. The lease expires on 21st October 2092
With just 70 years left to run we estimate the price of your lease extension to be between £9,500 and £11,000 as well as professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.
I see that you have a search directory listing law firms on the bank conveyancing panel. Do Whittlesey conveyancing firms pay you a commission if I retain them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Whittlesey.