In the event thatI were to buy a freehold propertyin Midhurst mortgage fee and dispense with a survey and no conveyancing searches how much could I expect to have to pay for conveyancing in Midhurst?
The sole saving you would achieve is the Midhurst conveyancing searches. A lawyer is obliged to do the vast majority of work - money laundering, communicating with the vendors conveyancing practitioner, SDLT return, register the ownership etc. You might save a bit for them not having to register a mortgage but it won't be meaningful.
Forgive me if this question is silly but I am new to the process as FTB of a garden flat in Midhurst. Do I pick up the keys to the house on completion from my solicitor? If so, I will instruct a local conveyancing solicitor in Midhurst?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the completion advance to the seller's solicitors, and once they have received this, you will be called to pick up the keys from the property Agents and start moving into the property. Usually this occurs early afternoon.
I was told four weeks ago that my mortgage has been agreed to by UBS. Is it usual for UBS to only issue the offer once my solicitor in Midhurst is approved on their conveyancing panel? UBS have asked my solicitor to see a copy of their PI Insurance.
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.
I have instructed a Midhurst lawyer having checked that they are on the Bank of Ireland conveyancing panel. Does my lawyer arrange the survey of the property?
Bank of Ireland will need an independent valuation of the property. Your lawyer will not arrange this. Usually Bank of Ireland will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Midhurst postcode. As you are getting a mortgage with Bank of Ireland, you could contact them to see if they have a list of approved surveyors in Midhurst.
I am looking into buying my first house which is in Midhurst and I am already nervous. I couldn't find anything specific about Midhurst. Conveyancing will be needed in due course but do you know about the Midhurst area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Midhurst. In the meantime here are some basic statistics that we found
I have just appointed agents to market my basement apartment in Midhurst. Conveyancing lawyers have not yet been instructed, however I have recently had a yearly maintenance charge demand – what should I do?
It best that you pay the maintenance contribution as usual given that all ground rent and service payments will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a 1 bedroom flat in Midhurst, conveyancing was carried out October 1999. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Midhurst with an extended lease are worth £191,000. The ground rent is £55 charged once a year. The lease finishes on 21st October 2078
With 53 years unexpired we estimate the price of your lease extension to be between £27,600 and £31,800 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
Our solicitor in Midhurst is asking me for ID documents asserting that this is part of his requirements as a solicitor on the mortgage company Conveyancing panel. This is news to me - can I refuse?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the mortgage company. This is not specific to conveyancing in Midhurst