Can I use your services to find a Conveyancing solicitor in Corfe Mullen even if I’m not purchasing or selling a house, for instance if I intend to buy a shop in Corfe Mullen with a loan from Barclays Direct?
Our search tool is primarily there to help choose domestic conveyancing solicitors in Corfe Mullen but we have recorded at the bottom of this page some Corfe Mullen commercial conveyancing firms. You will need to make contact with the company directly to see if they can also act for Barclays Direct
We wanted to use a conveyancing solicitor in Corfe Mullen for our house purchase. Our broker informed us that our mortgage lenders Lloyds TSB Bank won't deal with them. Surely this is unduly restrictive?
Before the recession most banks had a different appetite for risk. Almost all Corfe Mullen conveyancing firms would have been on most mortgage company panels. The Financial Services Authority in 2010 completed a thematic investigation into mortgage fraud which concluded: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more information from law firms relating to their operations and their employees as well as set certain criteria such a completing on a minimum volume of conveyancing. Many Corfe Mullen conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Corfe Mullen is amongst the hundreds of areas where the lawyers we recommend are are approved Lloyds TSB Bank.
I am buying my first flat in Corfe Mullen with the aid of help to buy. The sellers would not reduce the price so I negotiated £7000 of extras instead. The estate agent told me not inform my solicitor about the deal as it could adversely affect my mortgage with the bank. Should I keep quiet?.
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 looking for a flat up to £235,500 and identified one close by in Corfe Mullen I like with open areas and railway links in the vicinity, however it's only got 52 years on the lease. I can't really find anything else in Corfe Mullen for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
Do you have any advice for leasehold conveyancing in Corfe Mullen with the purpose of saving time on the sale process?
- Much of the delay in leasehold conveyancing in Corfe Mullen can be avoided if you get in touch lawyers the minute you market your property and ask them to collate the leasehold information which will be required by the purchasers’ representatives. In the event that you altered the property did you need the Landlord’s consent? In particular have you laid down wooden flooring? Corfe Mullen leases often stipulate that internal structural alterations or laying down wooden flooring calls for a licence from the Landlord acquiescing to such works. Where you dont have the paperwork in place do not contact the landlord without checking with your lawyer in the first instance. Some Corfe Mullen leases require Licence to Assign from the landlord. If this is the case, you should notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors. You believe that you know the number of years left on your lease but it would be wise to verify this via your solicitors. A purchaser's conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is under 80 years. It is therefore essential at an early stage that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale.
I purchased a garden flat in Corfe Mullen, conveyancing formalities finalised in 1995. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Corfe Mullen with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £45 yearly. The lease finishes on 21st October 2099
With only 74 years unexpired we estimate the price of your lease extension to range between £8,600 and £9,800 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you want to 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.
I bought a house in Corfe Mullen last 29/10/2024 and to date it is still not registered with the Land Registry. It is part of a development site and my solicitor told me that it may take twelve months to register. I have spoken with the Land Registry directly and they say that the original application was cancelled due to failure to reply to requisitions. Should I be concerned?
It is your conveyancing practitioner that you must get in touch with in order to satisfy any questions which have been raised as part of the registration process for your Corfe Mullen property. Normal Corfe Mullen conveyancing practice includes an undertaking on the part of the vendor’s lawyer that they will assist in resolving any question raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.