Do I need to pop into the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Curdworth so that I can attend their offices if required.
These days conveyancing panel lawyers for lenders carry out the vast majority of work via Royal Mail, e-mail or over the phone. This means that they can undertake the conveyancing transaction no matter where you live in the country. That being said you can see if you can still book an appointment to visit conveyancing lawyer if just in case this is required.
The deeds to my house can not be found. The solicitors who conducted the conveyancing in Curdworth 4 years ago no longer exist. What are my next steps?
As long as the title is registered the information relating to your ownership will be evidenced by HMLR with a Title Number. It is easy to conduct a search at the Land Registry, locate your house and get current copies of the Registered Entries for a small fee. If the title is Leasehold then the Land Registry will in most cases retain a file duplicate of the Registered Lease and again, a copy can be ordered for a small fee.
I'm purchasing my first flat in Curdworth with a loan from The Royal Bank of Scotland. The sellers would not budge the price so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not reveal to my lawyer about this extras as it will jeopardize my mortgage with The Royal Bank of Scotland. Should I keep quiet?.
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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Curdworth is where the house is located. Can you offer any advice?
Flying freeholds in Curdworth are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Curdworth you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Curdworth may determine 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.
Can you offer any advice when it comes to appointing a Curdworth conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for your lease extension (regardless if they are a Curdworth conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Curdworth conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be helpful:
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How familiar is the practice with lease extension legislation? Can they put you in touch with clients in Curdworth who can give a testimonial?
I purchased a 1 bedroom flat in Curdworth, conveyancing having been completed 5 years ago. Can you work out an approximate cost of a lease extension? Corresponding properties in Curdworth with a long lease are worth £265,000. The ground rent is £50 charged once a year. The lease terminates on 21st October 2101
With 76 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.
Can a conveyancer remove a person from the title of my property in Curdworth ?
Subtracting or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a property lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a solicitor