I am expecting a offer of a home loan from Lloyds. I would like to instruct a Licensed Conveyancer in Caddington. Does the Lloyds Conveyancing panel allow for Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We are due to complete on the purchase of a property in Caddington but as a result of wreckage from some water damage at the property I have was able negotiate reparation from the seller in the sum of six thousand pounds by way of a reduction in the price. I had intended this to be dealt with as part of a side agreement however UBS are not allowing this. Should they have been involved?
Your property lawyer that is on the UBS conveyancing panel is required to disclose to UBS of any changes to the purchase price. If you were to refuse your conveyancing practitioner to notify the price change to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new conveyancing practitioner for your conveyancing in Caddington.
Me and my brother own a terraced Edwardian property in Caddington. Conveyancing lawyer acted for me and Britannia. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the exact same property. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be 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 Caddington and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing lawyer who conducted the work.
Just had an offer accepted on a new build flat in Caddington. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Caddington
-
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I have just started marketing my 2 bed flat in Caddington. Conveyancing has not commenced, however I have recently received a half-yearly service charge invoice – what should I do?
The sensible thing to do is clear the service charge as usual as all ground rent and maintenance charges should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I invested in buying a ground floor flat in Caddington, conveyancing was carried out in 2001. How much will my lease extension cost? Corresponding flats in Caddington with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 per annum. The lease ends on 21st October 2094
With 69 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.
What can I do to determine who owns a property in Caddington?
On the basis that the premises is recorded at the Land Registry, and you have the information of the address of the property, you will be able to obtain details from the HM Land Registry of the recorded owner for a fee.