I am expecting a mortgage with Lloyds. I hope to retain the legal services of a Licensed Conveyancer in Lichfield. Does the Lloyds Conveyancing panel include conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
In the event thatI were to acquire a simple residential housein Lichfield for cash and have no survey and no local authority searches how much could I expect to to save on my conveyancing in Lichfield?
Any savings you would achieve would be isolated to the costs for searches. A solicitor still be obliged to do everything else - money laundering, correspond with the sellers property lawyer, SDLT submission, register the title etc. A marginal saving might be made by not having to register a mortgage but it won't be significant.
Have purchased a a detached house in Lichfield , how long should it take for the Land Registry to register the transfer to my name? My Lichfield conveyancing solicitor works at snail pace, so I want to be certain the registration formalities are dealt with.
There is nothing unique about conveyancing in Lichfield registration formalities. As opposed to being determined by geographic area, timescales can vary according to who lodges the application, whether there are errors and whether the Land registry have to notify any third parties. Currently in the region of three quarters of such applications are completed within two weeks but some can be subject to protracted delays. Historically registration is effected once the new owner has moved in to the premises thus 'speed' is not always an essential issue yet if there is a degree of urgency associated with the registration then you or your conveyancer must speak with the land registry and explain the circumstances.
I am purchasing my first flat in Lichfield with a mortgage from Virgin Money. The developers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not disclose to my lawyer about this side-deal as it may put at risk my loan with the bank. Should I keep quiet?.
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.
Is it simple use the search tool to locate a conveyancing lawyer in Lichfield on the approved list for my lender?
1st select a bank such as Santander, Bank of Scotland or Nottingham Building Society then specify your preferred area a common one being Lichfield. Conveyancing practices in Lichfield and across England and Wales will then be shown.
All being well we will complete the disposal of our £300,000 maisonette in Lichfield in just under a week. The management company has quoted £360 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Lichfield?
Lichfield conveyancing on leasehold flats usually involves the buyer’s lawyer sending enquiries for the landlord to address. Although the landlord is not legally bound to address such questions most will be content to assist. They are at liberty to charge a reasonable administration fee for answering questions or supplying documentation. There is no set fee. The average costs for the information that you are referring to is £350, in some situations it exceeds £800. The administration charge levied by the landlord must be sent together with a synopsis of rights and obligations in respect of administration fees, otherwise the charge is technically not due. In reality one has no option but to pay whatever is demanded should you wish to complete the sale of your home.
I am the registered owner of a basement flat in Lichfield, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Lichfield with over 90 years remaining are worth £186,000. The ground rent is £55 yearly. The lease terminates on 21st October 2076
With just 52 years left to run the likely cost is going to span between £29,500 and £34,000 plus 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 cannot give you a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt 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 without first getting professional advice.