My friend's uncle is a solicitor. I anticipate that I'll be able to get preferential rates for conveyancing, However if that does not come through, what level of figure should I be paying for conveyancing in Northamptonshire?
Do compare pricing. Make use of our search tool on this site. The amounts seem to contrast greatly but service levels do are distinct between solicitors as is the case with most professions.
My Northamptonshire lawyer has uncovered a discrepancy when comparing the surveyor’s assumptions in the home valuation report and what is in the title deeds. My lawyer informs me that he needs to check that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s stance right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
4 months have elapsed following my purchase conveyancing in Northamptonshire concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing a new build house in Northamptonshire with a loan from The Mortgage Works. The developers would not budge the amount so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not to tell my conveyancer about this extras as it would adversely affect my loan with The Mortgage Works. 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.
I was advised by a number of estate agents in Northamptonshire to select a conveyancer using your seach tool. Is there a financial upside for Estate Agents to recommend your lawyers rather than another?
We refuse to make any commission for pointing buyers and sellers in our direction. We found it would be just too difficult a fee as a client could think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
All being well we will complete the disposal of our £425,000 maisonette in Northamptonshire next week. The freeholder has quoted £372 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Northamptonshire?
Northamptonshire conveyancing on leasehold apartments normally requires the purchaser’s conveyancer sending enquiries for the landlord to answer. Although the landlord is under no legal obligation to respond to such questions most will be willing to do so. They may charge a reasonable administration fee for responding to 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 cases it exceeds £800. The management information fee demanded by the landlord must be sent together with a synopsis of rights and obligations in respect of administration charges, without which the charge is not strictly payable. In reality one has no choice but to pay whatever is requested of you should you wish to sell the property.
I acquired a garden flat in Northamptonshire, conveyancing having been completed in 2000. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Northamptonshire with over 90 years remaining are worth £260,000. The ground rent is £45 charged once a year. The lease comes to an end on 21st October 2101
With 75 years remaining on your lease the likely cost is going to range between £8,600 and £9,800 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.