I'm the sole recipient of my late father’s will with all property in now in my sole name, including the my former home in Fenny Stratford. The Fenny Stratford property was put into my name in July. I plan to dispose of the house. I do know about the Mortgage Lenders 6 month 'rule', meaning my proprietorship could be treated the same way as though I had purchased the property in July. Do I have to wait 6 months to sell?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. Some banks would take a practical view as this obligation principally exists to pick up on the purchase and immediately sell or the quick reselling of property.
My wife and I are at the point of looking at houses in Fenny Stratford and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a home loan with Coventry BS.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. As you are taking out a mortgage with Coventry BS, make sure you remember to check that your lawyer is on the Coventry BS conveyancing panel.
At last I have had an offer on an apartment in Fenny Stratford agreed to, but there is a chain. The sellers have placed an offer on on an apartment, however it’s not been accepted yet, and are looking at other flats in the pipeline. I have instructed a high street conveyancing solicitor in Fenny Stratford. What do I do now? At what stage should I apply for the mortgage with Bank of Ireland?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs too early (mortgage application is in the region of one thousand pounds, then survey, Fenny Stratford conveyancing search fees, etc). The first course of action is to check that your solicitor is on the Bank of Ireland conveyancing panel. Regarding the subsequent stages this very much depends on the specifics of your case, motivation for the property and on the state of the market. During a rising market the majority of purchasers will apply for a home loan with Bank of Ireland and pay for the valuation and only if it was satisfactory would they request their lawyer to proceed with the conveyancing in Fenny Stratford.
I used Action Conveyancing several years past for my conveyancing in Fenny Stratford. I now require my papers but cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Fenny Stratford of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying my first flat in Fenny Stratford with a mortgage from Nottingham Building Society. The builders refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not inform my lawyer about this deal as it could put at risk my mortgage with Nottingham Building Society. Is this normal?.
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.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Fenny Stratford is where the house is located. What do you suggest?
Flying freeholds in Fenny Stratford are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fenny Stratford you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fenny Stratford 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.
Taking into account that I will soon spend £400,000 on a house in Fenny Stratford I would like to have a conversation with the conveyancer regarding thehome move ahead of giving the go ahead to the firm. Is this something that you can arrange?
We could not agree more - we would be happy to talk to you we do not take any clients on without you liaising with the conveyancer who will be carrying out your property ownership legalities in Fenny Stratford.There is no ‘factory style conveyancing’ - every client is an important person, not a file number. The practices that we put you in touch with believe that the fees you are provided with for residential conveyancing in Fenny Stratford should be the amount on the final invoice that you end up paying.
Having had my offer accepted I require leasehold conveyancing in Fenny Stratford. Before diving in I want to be sure as to the unexpired term of the lease.
Assuming the lease is registered - and almost all are in Fenny Stratford - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a 1st floor flat in Fenny Stratford, conveyancing was carried out in 2009. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Fenny Stratford with a long lease are worth £197,000. The ground rent is £55 per annum. The lease comes to an end on 21st October 2081
You have 56 years unexpired the likely cost is going to span between £29,500 and £34,000 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.