Would the conveyancing solicitors via your comparison service handle conveyancing in Crewkerne by way of an attended exchange?
We do have a number of conveyancing specialists who can conduct attended exchanges. Do call us to get a fee calculation and details as to availability.
Do I need to visit the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Crewkerne so that I can attend their offices if required.
Whereas this was necessary ten years ago, the vast majority banks no longer require their conveyancing panel lawyer to witness the borrowers signature. It will still be necessary for you to hand over ID documents and there are still manifest advantages to choosing a locally based practitioner, in your situation a conveyancing solicitor in Crewkerne.
What will a local search inform me concerning the property we're buying in Crewkerne?
Crewkerne conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations for instance Searchflow The local search plays an important part in most Crewkerne conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search should provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
It has been 2 months since my purchase conveyancing in Crewkerne completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing a new build house in Crewkerne with a loan from Aldermore. The builders would not move on the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not to tell my conveyancer about the deal as it will affect my mortgage with Aldermore. 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.
Last July I purchased a leasehold house in Crewkerne. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a studio flat in Crewkerne, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Crewkerne with a long lease are worth £206,000. The ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2091
With only 66 years unexpired we estimate the price of your lease extension to span between £12,400 and £14,200 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be 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 move forward placing reliance on this information before seeking the advice of a professional.