We are purchasing a house and require a conveyancing solicitor in Bourton on the Water who is on the Leeds Building Society solicitor panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Bourton on the Water.
I am purchasing a flat and require a conveyancing solicitor in Bourton on the Water who is on the Godiva Mortgages Ltd conveyancing. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Godiva Mortgages Ltd in certain locations such as Bourton on the Water. We dont recommend any particular firm.
I'm buying a new build house in Bourton on the Water with a loan from National Westminster Bank. The builders refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not inform my solicitor about the extras as it will adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
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.
My business partner and I are intending to lease a unit on a shopping parade. Can you recommend solicitors offering no-sale-no charges for commercial conveyancing in Bourton on the Water for less than £1,200?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Bourton on the Water, including the sale and purchase of businesses as well as simply property. If you are intending to acquire or lease a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right lawyer. Regarding the fees this will depend on the structure and heads of terms of the deal. Let us have your details or telephone us so that we can supply you with comprehensive commercial conveyancing calculation.
I am using a search engine for the term cheap conveyancing in Bourton on the Water it brings up many conveyancerslocally. With so much choice what is the best way to find the right conveyancing solicitor for me?
The best way of seeking a suitable conveyancer is via trusted referral, so seek the opinion of colleagues and family who have purchased a property in Bourton on the Water or the respected estate agent or mortgage broker. Costs for conveyancing in Bourton on the Water vary, so it's sensible to secure at least three costs illustrations from varying types of conveyancers. Make sure that you clarify that the fees are fixed.
I am looking at a couple of flats in Bourton on the Water both have approximately 50 years remaining on the lease term. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold apartment in Bourton on the Water is a deteriorating asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it reduces the salability of the property. For most purchasers and banks, leases with less than eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Bourton on the Water conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I invested in buying a basement flat in Bourton on the Water, conveyancing was carried out July 2008. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Bourton on the Water with an extended lease are worth £196,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease terminates on 21st October 2089
With only 64 years remaining on your lease we estimate the premium for your lease extension to range between £15,200 and £17,600 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.