I have a decision in principle. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would prefer to use a specialised conveyancing solicitor in Maldon?
Do check but the the probability is that appoint one of their panel solicitors if you want the "fee-free" deal. Speak to the mortgage company and ask if they offer you a monetary alternative. Some lenders have previously offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Maldon.
I require quick conveyancing in Maldon as I have a deadline to sign on the dotted line within one month. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?
As you are not obtaining a mortgage you are at liberty not to have searches carried out although no solicitor would suggest that you don't. With lots of history conveyancing in Maldon the following are instances of issues that can appear and adversely impact future saleability: Enforcement Notices, Overdue Charges, Outstanding Grants, Road Schemes,...
I am buying a new build house in Maldon with a loan from Platform Home Loans Ltd. The developers would not budge the price so I negotiated £7000 of additionals instead. The estate agent advised me not disclose to my solicitor about the extras as it could put at risk my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I'm remortgaging my primary house to a BTL loan with Bank of Scotland and intend to use the remaining equity as a down payment on further property. The location we are talking about is Maldon. Will your solicitors be able to act for the two lenders and tie in the conveyances?
Make use of our comparison tool on this page to check that the solicitors are approved by both mortgage companies. Having checked that they are your lawyer will be able to connect the two transactions but you should have a chat with you conveyancer and make apparent your expectations and needs.
I am attracted to a couple of maisonettes in Maldon both have in the region of fifty years remaining on the leases. should I be concerned?
There are no two ways about it. A leasehold flat in Maldon is a wasting asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it reduces the salability of the property. The majority of purchasers and banks, leases with less than 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Maldon conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I invested in buying a split level flat in Maldon, conveyancing was carried out 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Maldon with an extended lease are worth £195,000. The ground rent is £45 per annum. The lease comes to an end on 21st October 2089
You have 63 years unexpired the likely cost is going to span between £16,200 and £18,600 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. 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. Please do not take any other action based on this information without first seeking the advice of a professional.
Searching for a conveyancing solicitor in Maldon. I did have one sorted but they are not on the approved list of Clydesdale. It would appear that nowadays most banks only allow solicitors on their panel. Very annoying restricting the choice for the paying public. Can you recommend a trustworthy Maldon conveyancer that would act for us as well as represent Clydesdale?
LenderPanel.com is restricted to being a directory service for lawyers who want to be listed as being on the approved conveyancing panel for Clydesdale in certain locations for example Maldon . We dont recommend any particular conveyancing practitioner.