I have just started taking steps with a view to switching my domestic home loan to a BTL Platform Home Loans Ltd mortgage. The bank has said that I require a solicitor for this. I had a chat my previous Eaton Bray conveyancing solicitor who dealt with the legals when I previously purchased the house. The fee estimate issued of £500 is surprising as its a remortgage than a sale or purchase.

The charges appear a bit high. Where you are willing to expend time comparing quotes you may be able to get the conveyancing a bit cheaper by perhaps £125. That being said, providing that you were happy with the conveyancing the firm offered you mightlive to regret choosing an an unknown conveyancer. Don't forget to ensure the firm can act for Platform Home Loans Ltd. Do make use of our search tool to find a Eaton Bray conveyancing firm on the Platform Home Loans Ltd conveyancing panel, which can often include conveyancing solicitors in Eaton Bray.

What happens if my lawyer’s firm is suspended from the Clydesdale Solicitor panel ahead of completing my conveyancing in Eaton Bray?

First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.

I am looking for a flat up to £235,500 and found one near me in Eaton Bray I like with open areas and railway links nearby, however it's only got 51 years on the lease. There is not much else in Eaton Bray in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

If you require a mortgage the remaining unexpired lease term will be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.

We're first time buyers - agreed a price, yet the estate agent informed us that the owners will only issue a contract if we appoint the agent's recommended lawyers as they need an ‘expedited deal’. We would rather use a family solicitor with experience of conveyancing in Eaton Bray

It is improbable the vendors are driving this. If they require ‘a quick sale', taking such a hostile approach to a serious purchaser is is going to put the whole deal at risk. Try to communicate with the sellers directly and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)however you intend to appoint your own,trusted Eaton Bray conveyancing firm - rather thanthose that will provide the negotiator at the agency a introducer fee or achieve conveyancing targets demanded by head office.

I today plan to offer on a house that appears to tick a lot of boxes, at a great price which is making it all the more appealing. I have just discovered that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Eaton Bray. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?

The majority of houses in Eaton Bray are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Eaton Bray in which case you should be looking for a Eaton Bray conveyancing solicitor and be sure that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’spermission to conduct alterations. It may be necessary to pay a contribution towards the upkeep of the communal areas where the property is located on an estate. Your solicitor should appraise you on the various issues.

I inherited a studio flat in Eaton Bray, conveyancing was carried out January 1997. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Eaton Bray with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 per annum. The lease runs out on 21st October 2090

With just 65 years remaining on your lease the likely cost is going to be between £13,300 and £15,400 plus legals.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.