I am in the throes of swapping over from my existing standard mortgage to a Buy to Let Coventry Building Society mortgage. The bank has said that I require a solicitor as part of the process. I spoke to my previous Weybridge conveyancing practitioner who acted on my behalf when I initially acquired the house. The quote supplied of £550 has surprised me as its a remortgage than a sale or purchase.
The estimate does seem a tad overpriced. If you shop around you may be able to get the conveyancing a bit cheaper by say £125. On the other hand, providing that you were happy with the conveyancing the firm gave you maycome to rue choosing an a cheaper solicitor. If is important to check that the solicitor can represent Coventry Building Society. Do employ our search tool to locate a Weybridge conveyancing firm on the Coventry Building Society approved list of lawyers, which can often include conveyancing solicitors in Weybridge.
My wife and I are purchasing a newly constructed apartment in Weybridge and my lawyer is informing me that she is duty bound to the bank to reveal incentives from the seller. I am on a tight deadline to exchange and my preference is not to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We're in Weybridge, First timers purchasing with a mortgage (lender is RBS , and our solicitor is on the RBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Am I better off to appoint a Weybridge conveyancing practitioner based in the vicinity that I am hoping to buy? An old friend can carry out the legal formalities however her office is 200kilometers drive away.
The primary upside of using a high street Weybridge conveyancing practice is that you can visit the firm to execute documents, hand in your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and they were impressed that should trump using an unfamiliar Weybridge conveyancing solicitor just because they are round the corner.
Following months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Weybridge. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We can put you in touch with a Weybridge conveyancing firm who can help.
An example of a Lease Extension decision for a Weybridge residence is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case affected 1 flat. The unexpired term was 82.93 years.
What are the frequently found problems that you come across in leases for Weybridge properties?
Leasehold conveyancing in Weybridge is not unique. All leases are drafted differently and drafting errors can result in certain clauses are missing. The following missing provisions could result in a defective lease:
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Repairing obligations to or maintain parts of the premises Service charge per centages that don't add up correctly leaving a shortfall
You may encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, The Mortgage Works, and Clydesdale all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to pull out.