Would the conveyancing solicitors identified via your search tool perform attended exchange conveyancing in Hartlebury?
We do have a number of conveyancing experts who can conduct 24hr exchanges. You should e-mail us to secure a fee calculation and details as to availability.
I am considering applying for a TSB mortgage for purchase of a newly converted (under development) in Hartlebury with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for TSB ?
There is nothing to stop you using your solicitor, but TSB will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
What will a local search reveal concerning the house my wife and I buying in Hartlebury?
Hartlebury conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search plays an important part in most Hartlebury conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search should reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I am buying a new build house in Hartlebury with a loan from Virgin Money. The builders refused to move on the amount so I negotiated £7000 of extras instead. The estate agent advised me not reveal to my solicitor about this extras as it could affect my mortgage with the bank. 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.
Due to the guidance of my in-laws I had a survey completed on a property in Hartlebury in advance of retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some banks will refuse to give a loan on such a home.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hartlebury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hartlebury to see if the conveyancing costs will increase in light of this.
Do you have any top tips for leasehold conveyancing in Hartlebury with the purpose of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Hartlebury can be bypassed if you appoint lawyers the minute you market your property and request that they start to collate the leasehold documentation needed by the purchasers’ representatives. A minority of Hartlebury leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers. Many landlords or managing agents in Hartlebury charge for providing management packs for a leasehold home. You or your lawyers should find out the actual amount of the charges. The management information can be applied for on or before finding a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common reason for delay in leasehold conveyancing in Hartlebury. If you have carried out any alterations to the premises would they have required Landlord’s consent? Have you, for example laid down wooden flooring? Hartlebury leases often stipulate that internal structural alterations or laying down wooden flooring necessitate a licence issued by the Landlord consenting to such changes. Where you fail to have the approvals to hand do not communicate with the landlord without contacting your solicitor before hand. If there is a history of conflict with your freeholder or managing agents it is essential that these are resolved before the property is marketed. The buyers and their solicitors will be concerned about purchasing a flat where a dispute is ongoing. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. 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 buyers, but it is clearly preferable to present the dispute as over rather than unresolved.
I purchased a studio flat in Hartlebury, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Hartlebury with a long lease are worth £192,000. The ground rent is £55 invoiced annually. The lease finishes on 21st October 2079
With 54 years remaining on your lease the likely cost is going to span between £32,300 and £37,400 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.