Can I use your services to locate a Conveyancing solicitor in Northop even where I’m not purchasing or selling a house, for instance where I want to buy a shop in Northop with a mortgage from National Westminster Bank?
The service is primarily utilised to help choose residential conveyancing solicitors in Northop but we have listed towards the bottom of this page a few Northop commercial conveyancing firms. You will need to speak with the solicitors directly to establish if they can also act for National Westminster Bank
We hope to to purchase with Darlington Building Society. I dropped in a couple of high street solicitors yet cant to find a Northop conveyancing firm on the Darlington Building Society approved list. Please you help?
Please do take advantage of the find a lender approved solicitor tool on this web page. Please choose the building society and type Northop or your location and you will be presented with a number of lawyer based in Northop or nearest you.
I have recentlydiscovered that Wolstenholmes have closed. They carried out my conveyancing in Northop for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The easiest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Northop conveyancing specialists.
I am buying my first flat in Northop benefiting from help to buy. The sellers would not budge the amount so I negotiated 6k of additionals instead. The sale representative suggested that I not disclose to my lawyer about this extras as it may adversely affect my mortgage with the lender. 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 am employed by a reputable estate agency in Northop where we have witnessed a number of flat sales jeopardised due to short leases. I have received conflicting advice from local Northop conveyancing firms. Can you clarify whether the owner of a flat can start the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I invested in buying a split level flat in Northop, conveyancing formalities finalised in 2010. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Northop with a long lease are worth £211,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease terminates on 21st October 2093
With only 68 years unexpired we estimate the price of your lease extension to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
My wife and I accepted an offer on a Northop house left to us ten years ago in 2012. I have over 12 years conveyancing experience and, although retired, intend to conduct my own conveyancing. The purchaser's solicitor has informed me that their Lenders will not allow us to do our own conveyancing mandating that the funds to be sent to a solicitor's bank account.
Mortgage instructions to property lawyers from all CML members state that If the seller does not have legal representation the borrower's lawyers should check whether the bank needs to be told so that a decision can be made as to whether or not they are prepared to move forward.