Just contacted my conveyancing solicitor in West Malling who completed the legal work two years ago and wanted a conveyancing costs illustration based on the same type of house move (a leasehold premises and a freehold property) of similar values with a loan from National Westminster Bank. It looks as though am now being quoted twice the amount. Stick with what I know or do I seek out an alternative firm of conveyancing solicitor?
The estimate fees seem a bit high. If you you were to look around you could trim some of the cost by perhaps £125. On the other hand, providing that you were happy with the legal work the firm provided you mightcome to regret choosing an a cheaper solicitor. Don't forget to enquire that the solicitor can represent National Westminster Bank. You can employ our search tool to find a West Malling conveyancing firm on the National Westminster Bank approved list of lawyers, which can often include conveyancing solicitors in West Malling.
My aunt passed away six months ago and as sole heir and executor I was left the house in West Malling. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Clydesdale, pay off the mortgage. Is this possible?
Where you plan to refinance then Clydesdale will require that you use a conveyancer on the Clydesdale conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Clydesdale conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Clydesdale mortgage is registered as a charge at the Land Registry.
I decided to have a survey completed on a house in West Malling prior to appointing lawyers. I have been informed that there is a flying freehold element to the house. My surveyor advised that some banks may refuse to grant a mortgage on this type of house.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in West Malling. Conveyancing may be slightly more expensive based on your lender's requirements.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £425,000 garden flat in West Malling next week. The management company has quoted £348 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in West Malling?
West Malling conveyancing on leasehold apartments normally requires the buyer’s solicitor submitting questions for the landlord to answer. Although the landlord is not legally bound to address these enquiries the majority will be willing to assist. They are entitled to charge a reasonable charge for answering enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is over three hundred pounds, in some transactions it is above £800. The management information fee invoiced by the landlord must be sent together with a summary of rights and obligations in respect of administration fees, without which the invoice is not strictly payable. Reality however dictates that you have little choice but to pay whatever is requested of you should you wish to exchange contracts with the buyer.
Leasehold Conveyancing in West Malling - Sample of Queries before buying
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Who are the managing agents? On the whole the cost for major works are not wrapped into the maintenance charges, albeit that there some managing agents in West Malling ask leaseholders to contribute towards a sinking fund created for the specific intention of establishing a fund for larger repairs or maintenance. You should be aware that where the lease has less than eighty years it will have adverse implications on the value of the property. It is worth checking with your lender that they are willing to to proceed given the lease term. Leases with less than 80 years remaining means that you will most likely need a lease extension sooner rather than later and it is worth finding out how much this will be. For most West Mallinglease extensions you would need to own the residence for two years in order to be eligible to extend the lease.
I have been told by many family members to expect up to two months for West Malling conveyancing to complete.This was a month ago. The paperwork was only sent from the vendors property lawyer a couple of days ago so does the time start running now?
No official countdown exists for conveyancing in West Malling, or any area in the UK. You simply have to ensure that your finances are in place and in due course the rest will come to you eventually.