My wife and I own a 4 bedroom Georgian house in york. Conveyancing solicitor represented me and Lloyds TSB Bank. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in york and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with your conveyancing practitioner who conducted the conveyancing.
I'm buying a new build house in york with a mortgage from Platform Home Loans Ltd. The sellers would not move on the price so I negotiated 6k of additionals instead. The estate agent advised me not inform my conveyancer about the side-deal as it may jeopardize my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Is it possible to transfer to a new conveyancer as I have to appoint a firm on the Godiva Mortgages Ltd conveyancing list. I hired a local conveyancing solicitor in york round the corner but the firm is not accepted by Godiva Mortgages Ltd
It would be our pleasure to help you find a conveyancing solicitor in york on the Godiva Mortgages Ltd panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in york. In utilising search facility on this page, you can scrutinise costs for conveyancing solicitors in york and throughout England and Wales.
I am 3 weeks into a leasehold purchase having been recommend to solicitors by the selling agent to carry out the conveyancing in york. I am am very frustrated with the level of service. Can you help me find new conveyancers?
A lawyer would need to be really bad to suggest changing them. Has your loan offer been sent? If so you must inform them of the new contact details and ensure the offer are re-issued. Your conveyancer should be on the banks panel to avoid added charges and complications. That should be your first question of the new solicitors. The find a solicitor tool will help you find a lender approved lawyer for your home move in york
I have just appointed agents to market my basement flat in york. Conveyancing is yet to be initiated, however I have recently had a half-yearly maintenance charge demand – Do I pay up?
It best that you pay the invoice as you normally would because all ground rent and maintenance payments should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents 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 inherited a ground floor flat in york, conveyancing having been completed in 2011. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in york with a long lease are worth £181,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ends on 21st October 2076
With 51 years left to run we estimate the premium for your lease extension to be between £30,400 and £35,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above 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 issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
Is there a difference between surveying and conveyancing in york?
Conveyancing - in york or elsewhere - is the process of legally transferring legal title of property from one person to another. It therefore includes the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are buying and will help you discover the condition of the building and, if there are problems, give you leverage for negotiating the buying price down or asking the vendor to fix the problems prior to you move in.