I have given 2 months notice to my existing landlord and must leave my let out apartment in Binstead by 5/2/2025. Conveyancing on my purchase has just started. Is it possible to complete in six weeks as don't want to have to move into temporary accommodation?
Generally one should not provide notice on a rental unless your lawyer suggests that you should. Assuming that you have not already done so, notify to your solicitor and ask them to they seek the assistance the owners side, try to get a realistic time scale from them that all parties will aim to achieve
I purchased a freehold property in Binstead but still pay rent, why is this and what is this?
It’s unusual for properties in Binstead and has limited impact for conveyancing in Binstead but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
Is there a list of Virgin Money panel conveyancers in Binstead on the Building Society Association’s Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association sites. Very few lenders make their panel listings open the public over the internet. Where you are looking for a Binstead property lawyer on the Virgin Money please make the most of our tool.
We had instructed conveyancing lawyers located in Binstead on the Lloyds solicitor approved list. They have just billed me a supplemental amount for the legal aspects of the Lloyds mortgage. Is this a supplemental conveyancing fee set by Lloyds?
As unfair as it may appear, as long as it’s in their Terms and Conditions or Quote then yes your conveyancer can charge a fee for this. This charge is not set by Lloyds but by your Binstead lawyer. Numerous firms on the Lloyds panel will levy an ‘acting for lender’ fee and others do not.
About to purchase maisonette in Binstead. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Binstead conveyancer is on the Nottingham conveyancing panel.
I am purchasing my first flat in Binstead with the aid of help to buy. The builders refused to reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not to tell my solicitor about this extras as it could 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.
I have been on the look out for a flat up to £305k and identified one round the corner in Binstead I like with a park and transport links in the vicinity, however it only has 52 years on the lease. There is not much else in Binstead suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan the remaining unexpired lease term may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
In surfing the world wide web for the phrase conveyancing in Binstead it shows results of numerous solicitorsin the vicinity. How do I determine which is the suitable conveyancer for me?
The ideal way of choosing the right conveyancer is via trusted recommendation, so seek the counsel of friends and those you trust who have purchased a property in Binstead or a reputable estate agent or mortgage broker. Costs for conveyancing in Binstead differ, so it's a good idea to obtain at least four estimates from different property lawyers. Dont forget to clarify that the fees are fixed.