My grandson is purchasing a house that has just been built in Lyme Regis with a home loan from Aldermore. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Aldermore conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Aldermore conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Have just purchased a repossessed house at auction in Lyme Regis. Conveyancing is needed. What is next?
Given that you are now to all intents and purposes signed on the dotted line you now have to hire the services of a conveyancing lawyer as a matter of priority as you are faced with a tight deadline in which to complete the conveyancing. All auction property will ordinarily have a bespoke auction set of papers. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to a leasehold property. You need to give this to the lawyer instructed by you as soon as possible. Do make sure that your finances are in order to complete on the date specified in the contract.
Can I be sure that the Lyme Regis conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Lyme Regis obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the solicitor handling your conveyancing.
I have decided to exercise my right to buy my property in Lyme Regis off the council. I have a mortgage agreed with Clydesdale. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Clydesdale, you will need to appoint a solicitor on the Clydesdale conveyancing panel.
My wife and I purchased a terraced Victorian property in Lyme Regis. Conveyancing lawyer acted for me and Chelsea Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold under the exact same address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Lyme Regis and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing practitioner who conducted the purchase.
I am a sole trader looking to lease a unit on a shopping parade. Can you recommend solicitors offering fixed costs for commercial conveyancing in Lyme Regis for less than £1,200?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Lyme Regis, including the disposal and acquisition of businesses as well as simply premises. Whether you are hoping to buy or lease a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right lawyer. Regarding the costs these will vary based on the structure and nuances of the deal. Let us have your contact information or telephone us so that we may provide you with a fixed commercial conveyancing calculation.
I am attracted to a couple of apartments in Lyme Regis which have in the region of forty five years left on the lease term. Will this present a problem?
A lease is a right to use the property for a prescribed time frame. As the lease gets shorter the saleability of the lease reduces and results in it becoming more costly to acquire a lease extension. This is why it is advisable to extend the lease term. More often than not it is difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease extension can be a protracted process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this arena.
I bought a ground floor flat in Lyme Regis, conveyancing was carried out 4 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Lyme Regis with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 per annum. The lease runs out on 21st October 2092
With 67 years unexpired the likely cost is going to range between £10,500 and £12,000 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.
I previously informed by my lender that their panel lawyers operate no sale no fee basis for conveyancing in Lyme Regis. I had a purchase fall through and now the lawyers have invoiced for search fees! They are stating that the fees are independent!
By offering "no move no fee" Lyme Regis conveyancing firms are writing off their charges for any work conducted. We must stress this is not to be regarded as an insurance scheme. Disbursements aren’t covered – where the solicitor have to pay money out to other people, for example Lyme Regis local search fees