I instructed a New Waltham based lawyer for my conveyancing in New Waltham today. Looking through the Terms I seewe are liable for costs even where the conveyance does not complete. Would I be best advised to use a web based firm promising no-sale-no-fee conveyancing in New Waltham?
Generally there is a compromise along the lines that if "No Completion No Fee" is advertised then the fee levels will tend to be be higher to cover those transactions that do not proceed. Dont forget that such promotions tend not to cover expenditure such your New Waltham conveyancing search costs.
I am the registered owner of a freehold house in New Waltham but still charged rent, why is this and what is this?
It is rare for properties in New Waltham and has limited impact for conveyancing in New Waltham but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
I'm buying my first flat in New Waltham with a mortgage from Nationwide Building Society. The sellers would not move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not disclose to my solicitor about this side-deal as it could adversely affect my mortgage with the lender. 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.
I am looking for a leasehold apartment up to £305k and found one near me in New Waltham I like with open areas and station nearby, the downside is that it only has 52 years on the lease. There is not much else in New Waltham for this price, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan that many years may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
In my capacity as executor for the estate of my grandmother I am selling a house in Newport but I am based in New Waltham. My solicitor (approximately 300 miles from meneeds me to execute a statutory declaration ahead of completion. Could you suggest a conveyancing lawyer in New Waltham to attest this legal document for me?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are based in New Waltham
My fiance is buying a ground floor flat in New Waltham. He has received an estimate by the conveyancer recommended by the selling agents and it came to £1245 . It was seven years ago since I sold and bought a house and it cost was £450. Have charges really escalated to that extent?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance New Waltham searches, land registry fees, etc)