Finally the sale completed on my house in Chopwell last June yet the purchaser is whats apping daily to moan that their conveyancer is waiting to hear from mine. What are the post completion sale formalities following completion?
Post completion of your sale your conveyancer should send the transfer documentation and all additional paperwork to the purchaser's solicitors. Where appropriate, your conveyancer should also evidence that the legal charge in favour of the lender has been redeemed to the purchasers lawyers. There are no post completion requirements just for conveyancing in Chopwell.
I'm purchasing my first flat in Chopwell with the aid of help to buy. The builders would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not disclose to my conveyancer about this side-deal as it will affect my loan 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Chopwell prior to retaining solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies tend not give a loan on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chopwell. Conveyancing will be smoother if you use a solicitor in Chopwell especially if they are familiar with such properties in Chopwell.
How does the Landlord & Tenant Act 1954 affect my commercial offices in Chopwell and how can your lawyers assist?
The particular law that you refer to gives a safeguard to business tenants, giving them the right to make a request to court for a new tenancy and continue in occupation when the lease reaches an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in Chopwell
My husband and I are a fortnight into a residential purchase having been recommend to solicitors by the high street agent to execute conveyancing in Chopwell. We are not happy. Could you help me find new conveyancers?
They would need to be very poor to suggest changing them. Has your mortgage offer been issued? If so you must inform them of the replacement solicitor and have the offer are re-issued. The solicitor ideally should be on the lenders approved list to avoid escalating charges and delays. That should be your first question of the new conveyancers. Our find a solicitor tool will assist you in finding a bank approved lawyer for your home move in Chopwell
I am on look out for some leasehold conveyancing in Chopwell. Before I get started I would like to find out the unexpired term of the lease.
If the lease is registered - and 99.9% are in Chopwell - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a split level flat in Chopwell, conveyancing was carried out September 2002. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Chopwell with an extended lease are worth £197,000. The ground rent is £55 yearly. The lease runs out on 21st October 2079
With only 54 years left to run the likely cost is going to span between £32,300 and £37,400 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.