It may have been a long time coming a mortgage offer from NatWest for the refinancing of my 2 bedroom apartment is due within the next few days. Are you able to put forward a cheap conveyancing lawyer in Cottenham?
This site is not designed to assist those in pursuit of cut-price fees for conveyancing in Cottenham. We can offer you value for money conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing organisations offering ninety nine pound conveyancing in Cottenham. Optimistically, in choosing a lawyer for cheap conveyancing, you will get your money’s worth and at worst you will end up invoiced for additional fees and still not receive the service you were looking for.
We wanted to use a conveyancing solicitor in Cottenham for our house move. Our financial adviser informed us that our bank Chelsea Building Society won't deal with them. Surely this is unduly restrictive?
A decade ago most mortgage companies had a different appetite for risk. Almost all Cottenham conveyancing firms would have been on most mortgage company panels. The Financial Services Authority in 2010 completed a thematic review into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, mortgage companies have regularly sought more information from law firms relating to their operations and their employees as well as establishing certain criteria such a completing on a minimum volume of conveyancing. Many Cottenham 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. Cottenham is amongst the hundreds of locations where the solicitors we recommend are are approved Chelsea Building Society.
Should commercial conveyancing searches disclose planned roadworks that could impact a commercial site in Cottenham?
Its becoming the norm that commercial conveyancing solicitors in Cottenham will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Cottenham. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Cottenham.
For every commercial conveyancing transaction in Cottenham it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Cottenham commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Cottenham.
I own a terraced Victorian house in Cottenham. Conveyancing lawyer acted for me and Virgin Money. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for 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 Cottenham and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing practitioner who completed the work.
I opted to have a survey completed on a house in Cottenham ahead of retaining lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some banks tend refuse to issue a loan on this type of house.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Cottenham. Conveyancing will be smoother if you use a solicitor in Cottenham especially if they regularly deal with such properties in Cottenham.
I am a negotiator for a busy estate agent office in Cottenham where we have experienced a number of leasehold sales derailed as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Cottenham conveyancing solicitors. Can you shed some light as to whether the vendor of a flat can start the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I invested in buying a studio flat in Cottenham, conveyancing formalities finalised February 2007. How much will my lease extension cost? Similar properties in Cottenham with a long lease are worth £170,000. The ground rent is £50 invoiced annually. The lease comes to an end on 21st October 2104
With only 79 years remaining on your lease we estimate the premium for your lease extension to be between £7,600 and £8,800 plus professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.