The loan offer from Nationwide for the remortgage of my 3 room apartment is expected within the next few days. Can you suggest a cheap conveyancing lawyer in Aston Clinton?
You have come to the wrong site to search for the cheapest conveyancing solicitors in Aston Clinton. We can offer you excellent value conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing organisations offering £100 conveyancing in Aston Clinton. Optimistically, in deciding on low cost conveyancing, you will earn what you pay for and at worst you will end up with a surprising uplift in additional fees and still not receive the service expected.
four months have elapsed following my purchase conveyancing in Aston Clinton concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying my first flat in Aston Clinton with a mortgage from Virgin Money. The builders refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep suggested that I not reveal to my solicitor about this deal as it will jeopardize my mortgage with the bank. 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.
Due to the advice of my in-laws I had a survey completed on a house in Aston Clinton in advance of retaining conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some lenders will not grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. If you e-mail us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Aston Clinton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Aston Clinton to see if the conveyancing costs will increase in light of this.
Am I better off to use a Aston Clinton conveyancing solicitor who is local to the property I am hoping to buy? We have a good friend who can perform the legal formalities but his firm is located a couple of hundredmiles away.
The primary upside of using a local Aston Clinton conveyancing firm is that you can pop in to execute paperwork, hand in your ID and pester them if necessary. Having local Aston Clinton know how is a plus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and they were happy that must outweigh using an unknown Aston Clinton conveyancing lawyer solely due to them being local.
I work for a busy estate agency in Aston Clinton where we have experienced a number of leasehold sales put at risk due to short leases. I have received inconsistent advice from local Aston Clinton conveyancing solicitors. Please can you shed some light as to whether the seller of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Aston Clinton Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing
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It would be prudent to find out as much as you can regarding the managing agents as they can either make life much simpler or problematic. As the owner of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to day to day matters such as the cleanliness of the communal areas. You should not be shy to ask other tenants whether they are happy with them. In conclusion, investigate as to the dates that the maintenance fees are due to the appropriate party and precisely how they are spending that money. Are any of leasehold owners in dispute over their service charge liability?