Do all mortgage companies provide you with an approved list of Timsbury conveyancing solicitors? How do you know who is on the Clydesdale conveyancing panel?

Timsbury conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.

A friend recommended that if I am buying in Timsbury I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is usually quoted for as part of the standard Timsbury conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about Timsbury around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information regarding Timsbury.

Is there anything unique about your site and other internet conveyancing solicitors when it comes to conveyancing in Timsbury?

At this site get an accurate costs illustration from a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Timsbury. As opposed to estate agents and many comparison sites we do not charge firms a fee if you instruct them for your conveyancing in Timsbury

I've recently bought a leasehold house in Timsbury. Am I liable to pay service charges for periods before my ownership?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I invested in buying a garden flat in Timsbury, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Similar properties in Timsbury with a long lease are worth £181,000. The ground rent is £55 invoiced annually. The lease expires on 21st October 2077

You have 51 years unexpired the likely cost is going to range between £30,400 and £35,200 plus legals.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.

One month into buying a house in Timsbury. Conveyancing lawyer has phoned to say the title is "Leasehold". Will this likely impact our Halifax valuation?

Timsbury conveyancing does not normally involve leasehold houses. The crucial consideration here is the remaining lease term and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's essentially freehold, so it’s unlikely to impact the saleability significantly.

At the other end of the spectrum, if it's, say, Sixty years it will have a adverse effect on the value, and probably wouldn't be mortgageable. The length of lease and ground rent will be set out in the lease to be supplied to your conveyancer.