We were about to instruct a conveyancing solicitor in Lyndhurst listed by you but have come across alternative quotes on the internet look less expensive – why is this?
There are many firms of solicitors offering what appear to be very low prices. We suggest that you give due consideration about how important this transaction is to you that want to be penny wise pound foolish with regard to the quality of the conveyancing. Many of them accentuate a cheap fee as a headline but conceal additional costs in the small print..
Having sold my house in Lyndhurst last April but my buyer keeps telephoning me complaining that their lawyer is waiting to hear from mylawyer. What should have happened following completion?
After completion of your house sale your conveyancer should forward the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. If applicable, your conveyancer should also confirm that the home loan has been redeemed to the purchasers solicitors. There are no post completion procedures peculiar conveyancing in Lyndhurst.
Do I need to pay for insurance to address the risk of chancel repairs when purchasing a residence in Lyndhurst?
Unless a prior acquisition of the premises took place after 12 October 2013 you could expect lawyers conducting conveyancing in Lyndhurst to continue to advocate a chancel search and or chancel repair liability policy.
I am buying a new build house in Lyndhurst with the aid of help to buy. The sellers would not budge the price so I negotiated 6k of additionals instead. The sale representative suggested that I not inform my solicitor about this extras as it would affect my mortgage with National Westminster Bank. Do I keep my lawyer in the dark?.
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.
In my capacity as executor for the will of my aunt I am selling a residence in Cardiff but live in Lyndhurst. My solicitor (who is 300 kilometers from merequires that I sign a stat dec before completion. Could you suggest a conveyancing solicitor in Lyndhurst who can witness this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are Lyndhurst based
Frank (my husband) and I may need to sub-let our Lyndhurst 1st floor flat for a while due to a career opportunity. We instructed a Lyndhurst conveyancing firm in 2003 but they have closed and we did not think at the time get any advice as to whether the lease allows us to sublet. How do we find out?
Your lease governs the relationship between the freeholder and you the flat owner; specifically, it will say if subletting is banned, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Lyndhurst do not prevent an absolute prevention of subletting – such a provision would adversely affect the market value the property. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a duplicate of the tenancy agreement.
I acquired a leasehold flat in Lyndhurst, conveyancing formalities finalised in 2012. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Lyndhurst with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease ends on 21st October 2080
With 55 years remaining on your lease we estimate the premium for your lease extension to range between £31,400 and £36,200 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.