We were about to instruct a conveyancing solicitor in Baldock listed on your site but stumbled across some other fee calculations on the internet appear cheaper – how come?
There are numerous websites promoting alleged £99 conveyancing, yet more often than not extracosts end up with the closing bill being inflated. Conveyancers are obliged to make sure that charges outlined in terms of business should be fair and reasonable invoiced The conveyancers that we list for conveyancing in Baldock specify all charges for the property you plan tobuy.
I purchased a 4 bedroom Edwardian house in Baldock. Conveyancing solicitor represented me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
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 Baldock and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing practitioner who conducted the conveyancing.
I am purchasing my first flat in Baldock benefiting from help to buy. The builders would not move on the price so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not inform my solicitor about this side-deal as it will impact my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one near me in Baldock I like with a park and station nearby, the downside is that it's only got 49 years on the lease. There is not much else in Baldock for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a mortgage that many years may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
There are only Seventy years left on my flat in Baldock. I now want to get lease extension but my landlord is missing. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to find the lessor. For most situations a specialist may be helpful to carry out a search and to produce an expert document to be accepted by the court as evidence that the landlord can not be located. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s absence and the application to the County Court covering Baldock.
I purchased a leasehold flat in Baldock, conveyancing was carried out in 1995. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Baldock with a long lease are worth £260,000. The ground rent is £45 per annum. The lease ends on 21st October 2099
With just 74 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.
Do I stop my mortgage payments with Clydesdale as soon as a completion date for my home sale in Baldock has been agreed?
You are best advised to maintain meeting any mortgage payments to Clydesdale until the mortgage is paid off on completion as part of your Baldock conveyancing.