I was referred a conveyancer who has sent a quote for £995 for fixed fee conveyancing in Kegworth. I am hoping to downsize from a newly refurbished property for £125,000. This seems overpriced. Is it in excess of the norm for conveyancing in Kegworth?
The costs illustration is slightly on the expensive side. If you shop around you might shave off some of the expense by say £125. On the other hand, you maylive to rue opting for an an untested conveyancer. If is important to check that the solicitor can also act for your bank. You can make use of our search tool to select a Kegworth conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Kegworth.
My brother-in-law has suggested I instruct a conveyancing solicitor in Kegworth. I need to find out whether they are accepted on the Accord Mortgages Ltd conveyancing panel. Could you or the lender confirm if they are on the panel?
The first thing you should do is phone your solicitor and ask them whether they can act for the lender. Otherwise you can get in touch with Accord Mortgages Ltd who may be able to assist.
I am buying my first flat in Kegworth with a mortgage from Platform Home Loans Ltd. The sellers refused to budge the amount so I negotiated 6k of extras instead. The estate agent suggested that I not disclose to my solicitor about the side-deal as it will jeopardize my loan with the lender. 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 element on a property I have offered on two weeks back in what should have been a quick, no chain conveyancing. Kegworth is the location of the property. Can you shed any light on this issue?
Flying freeholds in Kegworth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Kegworth you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kegworth 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.
As co-executor for the will of my uncle I am disposing of a house in Cardiff but live in Kegworth. My lawyer (based 235 miles awayneeds me to execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing practitioner in Kegworth who can witness and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are located in Kegworth
I am looking at a two flats in Kegworth which have approximately forty five years left on the lease term. should I be concerned?
A lease is a right to use the property for a period of time. As a lease shortens the saleability of the lease deteriorates and results in it becoming more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We recommend you get professional help from a conveyancer and surveyor with experience in this arena.
I acquired a basement flat in Kegworth, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding properties in Kegworth with an extended lease are worth £206,000. The ground rent is £45 invoiced annually. The lease terminates on 21st October 2093
You have 67 years unexpired we estimate the premium for your lease extension to span between £10,500 and £12,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.