Do the conveyancing solicitors that you recommend carry out auction conveyancing in Bulwell?
There are a number of auction practitioners we can put you in touch with those conducting auction conveyancing. Bulwell is one of our locations in which our lawyers have offices.
My grandfather passed away six months ago and as sole heir and executor I was left the house in Bulwell. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Principality, pay off the mortgage. Is this allowed?
Where you intend to refinance then Principality will insist on your using a conveyancer on the Principality conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Principality conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Principality mortgage is registered as a charge at the Land Registry.
I am purchasing my first flat in Bulwell with a mortgage from Skipton Building Society. The builders would not move on the price so I negotiated 6k of fixtures and fittings instead. The house builders rep suggested that I not inform my conveyancer about the deal as it could affect my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
As co-executor for the will of my aunt I am selling a property in Swansea but live in Bulwell. My lawyer (based 235 kilometers from meneeds me to execute a stat dec prior to completion. Could you suggest a conveyancing practitioner in Bulwell who can attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Bulwell based
I am employed by a reputable estate agency in Bulwell where we have witnessed a number of flat sales derailed as a result of leases having less than 80 years remaining. I have received conflicting advice from local Bulwell conveyancing solicitors. Can you shed some light as to whether the seller of a flat can commence the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder 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 buyer.
I inherited a 1st floor flat in Bulwell, conveyancing having been completed 8 years ago. Can you work out an approximate cost of a lease extension? Equivalent flats in Bulwell with over 90 years remaining are worth £202,000. The ground rent is £60 invoiced every year. The lease ends on 21st October 2082
With only 57 years left to run the likely cost is going to range between £28,500 and £33,000 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
At long last our conveyancing in Bulwell completes next Friday, but the people I am purchasing from wants to vacate 24 hours later at at 2pm. Do I agree to such a plan?
Where you need a loan then your conveyancing practitioner will require that the premises arevacant on Friday - the mortgage company will compel it.