I have just started taking steps with the intention of transferring my current homeowner home loan to a BTL Clydesdale mortgage. I was told by my financial advisor that I need a solicitor for this. I had a chat my past Thames Ditton conveyancing firm who dealt with the legals when I initially purchased the property. The fee calculation sent of just over five hundred pounds has surprised me as its a remortgage than a sale or purchase.

The estimate fees appear a tad high. Where you are happy to invest time contrasting quotes you may be able to trim some of the cost by say £100 plus VAT. That being said, assuming were pleased with the service the firm provided you maylive to regret opting for an an unknown conveyancer. If is important to enquire that the solicitor can also act for Clydesdale. Do utilise our search tool to find a Thames Ditton conveyancing firm on the Clydesdale member panel, which can often include conveyancing solicitors in Thames Ditton.

I am the registered owner of a freehold house in Thames Ditton but still charged rent, why is this and what is this?

It is rare for properties in Thames Ditton and has limited impact for conveyancing in Thames Ditton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.

I am helping my aunt sell her house in Thames Ditton. Does the solicitor arrange an energy performance certificate or should I organise this?

Following the demise of HIPs, EPC’s was retained a required component of selling a property. An energy performance certificate must be to hand before the property is marketed. This is not a task that solicitors ordinarily organise. If you are using a Thames Ditton conveyancing solicitor they might be able to arrange EPC’s given their relationships with long established Thames Ditton assessors

Is it the case that all Thames Ditton solicitor practices on the Principality conveyancing panel are overseen by the SRA?

As solicitors, in order to be on the Principality conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Some mortgage companies do allow licenced conveyancers on their panel and in that case the practice would be governed by the CLC.

I had an offer accepted on an apartment in Thames Ditton on 26/11/2024, valuation was booked 4 days after, all came back fine. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to UBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the UBS conveyancing panel. Are UBS entitled to hold back the Mortgage pending the lawyer being on the approved list?

Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.

How does conveyancing in Thames Ditton differ for new build properties?

Most buyers of new build property in Thames Ditton contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Thames Ditton typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Thames Ditton or who has acted in the same development.

I am looking for a leasehold apartment up to £235,500 and found one close by in Thames Ditton I like with amenity areas and railway links in the vicinity, however it only has 61 remaining years left on the lease. I can't really find anything else in Thames Ditton in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you need a home loan the shortness of the lease may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.