A friend advised me that in purchasing a property in Dunstable there may be various restrictions as to what one can do in terms of external alterations to the property. Is this right?
We are aware of anumerous of properties in Dunstable which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Dunstable should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Two weeks ago we had a mortgage agreed in principle with Nationwide. Dunstable conveyancing lawyers are selected. How long does it take for Nationwide to forward the offer to the solicitor?
There is no definitive answer here. Have Nationwide conducted the valuation? Have you informed Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Our offer on a house in Dunstable has been agreed to, the vendors do however have an associated purchase. The owners have offered on on an apartment, but it’s not yet tied up, and are looking at other apartments in the pipeline. I have chosen a high street conveyancing solicitor in Dunstable. What should be my next step? When should I get the mortgage application with Clydesdale going?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then survey, Dunstable conveyancing search costs, etc). The first course of action is to check that your solicitor is on the Clydesdale conveyancing panel. Regarding the subsequent stages this very much dictated by the uniqueness of your transaction, desire for this property and on the state of the market. In a rising market the majority of buyers will apply for the mortgage with Clydesdale and pay for the valuation and only if it was satisfactory would they pay their property lawyer to press on with searches.
I am purchasing a new build house in Dunstable with a mortgage from The Mortgage Works. The developers refused to budge the amount so I negotiated £7000 of additionals instead. The property agent suggested that I not disclose to my conveyancer about this side-deal as it will put at risk my loan with the lender. 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.
How difficult is it to transfer to a new conveyancer as I have to appoint a firm on the The Royal Bank of Scotland conveyancing panel. I instructed a high street conveyancing solicitor in Dunstable round the corner but she is not approved by The Royal Bank of Scotland
We will our best to assist in finding you a conveyancing solicitor in Dunstable on the The Royal Bank of Scotland panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Dunstable. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Dunstable.
I need to instruct a conveyancing solicitor for my conveyancing in Dunstable. I have stumble across a web site which seems to have the perfect answer If there is a chance to get all this stuff completed via email that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I own a leasehold flat in Dunstable. Conveyancing and Norwich and Peterborough Building Society mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Dunstable who acted for me is not around. Any advice?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to instruct a Dunstable conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a 1 bedroom flat in Dunstable, conveyancing was carried out November 2011. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Dunstable with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 yearly. The lease ends on 21st October 2080
With just 55 years unexpired the likely cost is going to range between £31,400 and £36,200 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
Are the Dunstable conveyancing lawyers identified as being on the lender conveyancing panel, together with their details provided by the lender?
Dunstable firms and firms carrying out conveyancing in Dunstable themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the bank directly.