The Flitwick conveyancing firm handling our Flitwick conveyancing has uncovered an inconsistency between the surveyor’s assumptions in the home valuation report and what is in the legal papers for the property. My solicitor informs me that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my conveyancer’s course or action right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
This question may be naive but I am unseasoned as FTB of a ground floor flat in Flitwick. Do I collect the keys to the house on the completion date from my lawyer? If this is the case, I will instruct a local conveyancing solicitor in Flitwick?
On the day of completion you will not be required to attend the conveyancers office in Flitwick. Your solicitors will arrange to send the purchase money to the seller's conveyancers, and shortly after the monies have arrived, you will be invited to receive the keys from the Estate Agents and move into your new home. Usually this happens early afternoon.
I had a mortgage agreed in principle with Santander. Flitwick conveyancing lawyers are chosen. How long does it take for Santander to send the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Santander conducted the survey? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have finally had an offer on an apartment in Flitwick accepted, but there is a chain. The vendors have put an offer on a flat, however it’s not yet tied up, and have viewings of other properties in the pipeline. I have selected a local conveyancing solicitor in Flitwick. What do I do now? When should I get the mortgage application with Kent Reliance going?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of £1k, then valuation, Flitwick conveyancing search fees, etc). First, you must check that your conveyancing practitioner is on the Kent Reliance approved list. As to the next phase this very much dictated by the circumstances of your case, attraction to the property and on the state of the market. In a buoyant market the majority of purchasers would apply for the mortgage with Kent Reliance and arrange for the valuation and only if it comes back ok would they pay their solicitor to press on with searches.
Due to the input of my in-laws I had a survey completed on a house in Flitwick prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some lenders may not grant a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Flitwick. Conveyancing will be smoother if you use a solicitor in Flitwick especially if they are familiar with such properties in Flitwick.
Is there anything unique about your site and other internet conveyancing brokers for conveyancing in Flitwick?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Flitwick. Unlike many estate agents and many comparison sites we do not have referral deals with solicitors. Some agents and online brokers 'recommend' solicitors that pays the most per referral, rather than the best value conveyancing in Flitwick
Looking forward to sign contracts shortly on a ground floor flat in Flitwick. Conveyancing solicitors assured me that they report fully tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Flitwick should include some of the following:
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if lease provides for a reserve fund for major repairs? Your solicitors should enable you to have an understanding of the insurance obligations The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Repair and maintenance of the premises The physical extent of the premises. This could be the apartment itself but may include a loft or storage are if appropriate.
I acquired a 1st floor flat in Flitwick, conveyancing having been completed June 1999. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Flitwick with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £55 yearly. The lease runs out on 21st October 2081
With just 56 years unexpired we estimate the premium for your lease extension to span between £29,500 and £34,000 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.
We are considering choosing a web based conveyancing practitioner ahead of a Flitwick conveyancing firm. Am I making a mistake?
There are advantages of having the opportunity to visit a local Flitwick conveyancing solicitor such as
- signing documents on short notice
- getting one on one explanations of issues that need explaining
- the ability to raise concerns if matters need to addressed
When analysing fees, look out for hidden extras. The majority decent Flitwick high street solicitors give an all-inclusive figure. Often online companies seem to offer discounted prices, but have burried 'extras' in the fine print.