It may have been a long time coming a loan agreement from NatWest for the remortgage of my 4 room apartment is expected any day now. Can you suggest a low cost conveyancing law firm in Calstock?
You have come to the wrong place to search for cut-price fees for conveyancing in Calstock. We can offer you excellent value conveyancing but we do not aim to work with the cheapest lawyers. Do not be seduced by companies seducing you with £100 conveyancing in Calstock. At best, in choosing a lawyer for cheap conveyancing, you will get your money’s worth and at worst you will end up spending a lot in extras and still not end up with the service required.
Is there a reason why leasehold purchase conveyancing in Calstock costs more?
The conveyancing charges on a leasehold property in Calstock is often higher as compared to a freehold residence. This is because there is an amount of additional work necessary in liaising with the freeholder and management company to collate the information concerning whether the rent and service fee have been paid and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the building.
I can not fathom if my bank requires a lease extension. I have called into my local Calstock building society branch on various occasions and was told it wasn't a problem and they would lend. My Calstock conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they will not lend in accordance with their published requirements. Who do I believe?
Your property lawyer has to follow the CML Handbook Part 2 provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Planning on purchasing a apartment in Calstock. 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 Principality 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 Calstock solicitor is on the Principality conveyancing panel.
Our offer on a house in Calstock has been accepted, but there is a chain. The sellers have offered on somewhere, however it’s not been accepted yet, and have viewings of other properties booked. I have instructed a nearby conveyancing solicitor in Calstock. What do I do now? At what stage should I apply for the mortgage with UBS?
It is usual to have concerns where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of one thousand pounds, then survey, Calstock conveyancing search charges, etc). First, you should ensure that your solicitor is on the UBS conveyancing panel. As to the subsequent phase this very much depends on the uniqueness of your case, attraction to the property and on the state of the market. In a buoyant market the majority of home buyers would apply for the mortgage with UBS and pay for the valuation and only if it was satisfactory would they pay their solicitor to proceed with searches.
Are there restrictive covenants that are commonly identified as part of conveyancing in Calstock?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Calstock. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Am in the process of purchasing my first house in Calstock. Conveyancing lawyer has been appointed. The financial consultant advised that a survey is not needed as the property was only constructed 16 yrs ago.
You would be well advised to commission a Home Buyer's Report. As the premises is over 10 years old the property will not come with a warranty, so you don't want to take a risk. For a property that age with no signs of problems a Home Buyer's report could be sufficient. They will highlight any apparent issues and suggest further investigation where appropriate. Where there are any indications of material issues obtain a comprehensive Building Survey from the beginning.