Completed the sale of my flat in Cotswolds last March but the buyer keeps whats apping me to moan that her solicitor is waiting to hear from mine. What should have happened now that I have sold?
After completion of your disposal your conveyancer should deliver the transfer deeds and all additional paperwork to the buyer’s solicitors. Where relevant, your solicitor must also confirm that the home loan has been discharged to the buyers conveyancers. There is unlikely to be post completion tasks specific conveyancing in Cotswolds.
I am purchasing my first flat in Cotswolds with a loan from Barclays . The developers refused to budge the price so I negotiated 6k of fixtures and fittings instead. The sale representative told me not to tell my solicitor about the extras as it could jeopardize my loan with the lender. 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 UK Finance website. UK Finance 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've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Cotswolds is the location of the property. Can you shed any light on this issue?
Flying freeholds in Cotswolds are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cotswolds you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cotswolds may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My business partner and I are intending to lease a unit on a shopping parade. Can you recommend conveyancers offering fixed costs for non-domestic conveyancing in Cotswolds for under 2k?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Cotswolds, including the sale and acquisition of businesses as well as simply premises. Whether you are hoping to purchase or lease a shop, pub, restaurant, office, retail premises or a whole business we will find you the right firm. As for the costs this will depend on the structure and terms of the deal. Please provide us with your contact information or email us so that we can provide you with comprehensive commercial conveyancing quote.
My father has recommend that I instruct his conveyancing solicitors in Cotswolds. Should I find my own property lawyer?
There are no two ways about it the ideal way to select a conveyancing practitioner is to seek feedback from friends or relatives who have actually experience in using the conveyancer you're are thinking of instructing.
I am attracted to a couple of flats in Cotswolds both have about fifty years left on the leases. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the marketability of the lease decreases and results in it becoming more costly to acquire a lease extension. This is why it is generally wise to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage companies may be reluctant to lend money on such properties. Lease extension can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this area.
I purchased a split level flat in Cotswolds, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Cotswolds with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease expires on 21st October 2085
With 59 years remaining on your lease we estimate the price of your lease extension to range between £20,900 and £24,200 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.