I am obtaining a offer of a home loan from Santander. I would like to employ the services of a Licensed Conveyancer in Glossop. Does the Santander Conveyancing panel include conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Completed the sale of my flat in Glossop last February yet the purchaser is e-mailing me to say her lawyer needs to hear from mine. What should my lawyer have done following completion?
Following your sale your lawyer should send the transfer deeds and all supplemental paperwork to the purchaser's conveyancer. If applicable, your conveyancer should also confirm that the home loan has been redeemed to the buyers lawyers. There is unlikely to be post completion procedures peculiar conveyancing in Glossop.
I am purchasing my first flat in Glossop with a loan from National Westminster Bank. The sellers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not reveal to my lawyer about the side-deal as it will put at risk my mortgage with the lender. 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.
Hoping to buy a property located in Glossop and I am already nervous. I couldn't find anything specific about Glossop. Conveyancing will be needed in due course but do you know about the Glossop area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Glossop. In the meantime here are some basic statistics that we found
Can you provide any advice for leasehold conveyancing in Glossop with the aim of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Glossop can be bypassed where you appoint lawyers as soon as your agents start advertising the property and request that they start to put together the leasehold information needed by the purchasers’ solicitors. If you have had any disputes with your freeholder or managing agents it is essential that these are resolved prior to the flat being marketed. The buyers and their solicitors will be concerned about purchasing a property where a dispute is ongoing. You will have to accept that you will have to discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as historic as opposed to unresolved. If you have the benefit of shareholding in the Management Company, you should ensure that you have the original share certificate. Obtaining a re-issued share certificate is often a lengthy formality and frustrates many a Glossop conveyancing deal. Where a reissued share certificate is necessary, do contact the company director and secretary or managing agents (where relevant) for this sooner rather than later. Many freeholders or Management Companies in Glossop charge for providing management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management information sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most common reason for delay in leasehold conveyancing in Glossop.
I invested in buying a split level flat in Glossop, conveyancing having been completed in 2005. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Glossop with a long lease are worth £221,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ends on 21st October 2095
With only 70 years remaining on your lease we estimate the premium for your lease extension to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
Am in the process of buying my first property in Glossop. Conveyancing practitioner has been appointed. The broker advised that a survey is not needed as the property was only constructed 16 yrs ago.
As the bare minimum you need a Home Buyer's Report. Given the premises was constructed more than a decade ago the property will be without a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report may be sufficient. They will highlight any apparent issues and suggest additional investigation if appropriate. Where there are any signs of material issues obtain a full Building Survey from the beginning.