I am hoping to receive a mortgage with Santander. I intend to instruct a Licensed Conveyancer in Codsall. Does the Santander Solicitor panel exclude Licensed Conveyancers?
The Santander approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
I am purchasing a flat and need a conveyancing solicitor in Codsall who is on the Barclays approved. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Barclays in certain locations such as Codsall. We dont recommend any particular firm.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The solicitors who handled the conveyancing in Codsall 10 years ago have long since closed. What do I do?
Assuming the title is registered the details of your ownership will be evidenced by HMLR under a Title Number. It is possible to perform a search at the Land Registry, find your property and order current copies of the Registered Entries for a small fee. Where the title is Leasehold then the Land Registry will usually hold a file duplicate of the Registered Lease and again, a copy can be retrieved for £20 inclusive of VAT.
I am buying a new build house in Codsall with a loan from Aldermore. The sellers refused to budge the amount so I negotiated £7000 of additionals instead. The sale representative told me not to tell my solicitor about the side-deal as it would put at risk my loan with Aldermore. Is this normal?.
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.
I am tempted by the attractive purchase price for a two maisonettes in Codsall which have about 50 years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a prescribed time frame. As the lease shortens the marketability of the lease deteriorates and it becomes more costly to acquire a lease extension. This is why it is often a good idea to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this field.
I invested in buying a garden flat in Codsall, conveyancing formalities finalised in 2012. How much will my lease extension cost? Similar flats in Codsall with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease expires on 21st October 2095
You have 70 years remaining on your lease we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.
Should I stop the direct debit for my mortgage with UBS once a completion date for my home sale in Codsall has been agreed?
You are best advised to continue paying any mortgage payments to UBS pending the mortgage being paid off out of the proceeds of sale as part of your Codsall conveyancing.