Is there a search tool that I can utilise to check that the solicitor conducting my conveyancing in Miles Platting is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for The Royal Bank of Scotland thus spending £192.00 in additional legal fees.
You should take advantage of the search tool on this page. Please choose the lender and type ‘Miles Platting’ or your preferred area and you will see a number of lawyer based in Miles Platting or nearest you.
I am purchasing my first flat in Miles Platting with the aid of help to buy. The developers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep suggested that I not disclose to my solicitor about this deal as it would jeopardize my loan with the bank. Is this normal?.
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 am looking for a leasehold apartment up to £195,000 and found one near me in Miles Platting I like with open areas and transport links in the vicinity, however it only has 52 remaining years left on the lease. There is not much else in Miles Platting suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
I'm remortgaging my primary property to a BTL mortgage with Bank of Ireland and I will use the rest of the raised equity towards a second property. The location we are interested in is Miles Platting. Will your conveyancers be able to act for the two mortgage companies and link together the two deals?
Do use our comparison tool on this site to be sure that the lawyers are on the appropriate lender panels. Having checked that they are the lawyer should be able to simultaneously deal with the two conveyancing matters but you should talk with you lawyer and communicate your desired outcome and requirements.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £150,000 maisonette in Miles Platting next Monday. The freeholder has quoted £384 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a flat conveyance in Miles Platting?
Miles Platting conveyancing on leasehold flats usually involves the buyer’s solicitor submitting questions for the landlord to answer. Although the landlord is not legally bound to answer these enquiries most will be willing to do so. They are at liberty to levy a reasonable charge for answering questions or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some transactions it is above £800. The administration charge invoiced by the landlord must be sent together with a synopsis of rights and obligations in relation to administration fees, otherwise the invoice is technically not due. Reality however dictates that one has no choice but to pay whatever is demanded if you want to complete the sale of your home.
I inherited a leasehold flat in Miles Platting, conveyancing was carried out 10 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Miles Platting with a long lease are worth £196,000. The ground rent is £45 per annum. The lease terminates on 21st October 2090
With only 64 years remaining on your lease we estimate the premium for your lease extension to span between £15,200 and £17,600 as well as 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 provide a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.
My wife and I have chosen a Miles Platting conveyancing solicitor for our house purchase (FTB’s) and have noticed in the terms and conditions that they are not governed by the Financial Conduct Authority. Am I right to be worried or is that usually the case with solicitor?
We can't see why they should be. Most lawyer don't lend money. You should check that they are regulated by the SRA, who dictate stringent stipulations in place on amounts sitting in their bank.