Do the conveyancing lawyers listed on your site carry out auction conveyancing in Marlborough?
There are a few auction solicitors we can connect you with those specialising in auction conveyancing. Marlborough is one of hundreds of areas of where our lawyers have offices.
What can a local search inform me regarding the house I am purchasing in Marlborough?
Marlborough conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company for instance Searchflow The local search is essential in every Marlborough conveyancing purchase; as long as you don’t want any nasty once you have moved into your new home. The search should supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I'm buying a new build house in Marlborough with a mortgage from Lloyds TSB Bank. The builders would not move on the price so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not disclose to my lawyer about the deal as it may affect my mortgage 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.
Due to the advice of my in-laws I had a survey completed on a house in Marlborough in advance of appointing solicitors. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some banks tend refuse to issue a loan on a flying freehold house.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Marlborough. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing practitioner in Marlborough for my purchase. Is there any facility to see a firm’s record with the legal regulator?
Members of the public can see presented Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training purposes.
What makes a Marlborough lease unacceptable for security purposes?
Leasehold conveyancing in Marlborough is not unique. All leases are drafted differently and drafting errors can result in certain provisions are not included. The following missing provisions could result in a defective lease:
-
Service charge per centages that don't add up correctly leaving a shortfall
You will have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. National Westminster Bank, Leeds Building Society, and Nottingham Building Society all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, forcing the buyer to pull out.
I purchased a split level flat in Marlborough, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Equivalent flats in Marlborough with an extended lease are worth £192,000. The ground rent is £55 yearly. The lease comes to an end on 21st October 2079
With 54 years left to run we estimate the price of your lease extension to range between £32,300 and £37,400 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.