I have just started taking steps with the intention of changing my current residential mortgage to a Buy to Let Nationwide Building Society mortgage. I have been informed by my broker that I require a conveyancer as part of the process. I had a chat my previous Sidcup conveyancing firm who who conducted the conveyancing when I initially acquired the property. The quote e-mailed to me of £550 is an eye-watering amount to do this as its a refinance than a sale or purchase.
The costs illustration is slightly on the steep side. Where you are happy to expend time comparing costs you might shave off some of the expense by as much as a hundred pounds. On the other hand, assuming were content with the conveyancing the firm gave you mightlive to regret opting for an a cheaper solicitor. Don't forget to check that the firm can also act for Nationwide Building Society. You can utilise our search tool to locate a Sidcup conveyancing firm on the Nationwide Building Society approved list of lawyers, which can often include conveyancing solicitors in Sidcup.
We are purchasing a flat in Sidcup. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to send funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I'm spending time looking at houses in Sidcup and I am about to put in an offer. Is it advisable to have a conveyancer on ‘stand by’? I am planning to take a home loan with Clydesdale.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are seeking a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
Our offer on a property in Sidcup has been agreed to, but there is a chain. The sellers have offered on on an apartment, however it’s not yet tied up, and have viewings of other flats in the pipeline. I have selected a nearby conveyancing solicitor in Sidcup. What should be my next step? At what stage do I apply for the mortgage with Aldermore?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then valuation, Sidcup conveyancing search fees, etc). First, you should check that your property lawyer is on the Aldermore approved list. Regarding the subsequent stages this very much depends on the specifics of your case, attraction to the property and on the state of the market. In a hot market many home buyers will apply for the mortgage with Aldermore and pay for the valuation and only if it comes back ok would they pay their property lawyer to proceed with searches.
Due to the input of my in-laws I had a survey completed on a house in Sidcup in advance of retaining solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some banks will not issue a mortgage on this type of premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Sidcup. Conveyancing may be slightly more expensive based on your lender's requirements.
How easy is it to transfer to a new solicitor as I need to appoint one who is on the National Westminster Bank conveyancing list. I was using a family conveyancing solicitor in Sidcup round the corner but he is not approved by National Westminster Bank
It would be our pleasure to help you find a conveyancing solicitor in Sidcup on the National Westminster Bank panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Sidcup. In utilising search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Sidcup.
Having checked my lease I have discovered that there are only Fifty years left on my flat in Sidcup. I now wish to get lease extension but my freeholder is missing. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to prove that you have used your best endeavours to find the landlord. In some cases an enquiry agent may be useful to carry out a search and to produce an expert document which can be used as proof that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer both on proving the landlord’s disappearance and the vesting order request to the County Court overseeing Sidcup.
Having spent years of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Sidcup. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We are happy to put you in touch with a Sidcup conveyancing firm who can help.
An example of a Lease Extension decision for a Sidcup flat is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case was in relation to 1 flat.