My partner’s dad is a conveyancer. I suspect that I will receive friends and family pricing for conveyancing, but if not, what kind of costs should I be expecting for conveyancing in Ongar?
You should compare pricing. Do use our search tool on this site. The charges may be different but the service one can expect differ between solicitors as is the case with the vast majority of professional services.
My conveyancer has identified a defect with the lease for the property we are purchasing in Ongar. The other side have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our conveyancing practitioner has advised that he must be satisfied that the lender is willing to move forward with this solution. Who is the client here, us or the mortgage company ?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the mortgage company are the client. The appropriate lender requirements must be adhered to.
I'm buying a new build house in Ongar with the aid of help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not disclose to my solicitor about this side-deal as it would 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.
As co-executor for the will of my aunt I am selling a house in Monmouth but reside in Ongar. My lawyer (who is 235 kilometers from meneeds me to sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing lawyer in Ongar who can attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Ongar based
Last November I purchased a leasehold flat in Ongar. Am I liable to pay service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I acquired a basement flat in Ongar, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Ongar with a long lease are worth £201,000. The ground rent is £45 yearly. The lease ends on 21st October 2091
With just 65 years remaining on your lease the likely cost is going to range between £13,300 and £15,400 as well as 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 advice on a more accurate figure in the absence of detailed investigations. Do 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 before seeking the advice of a professional.
My wife and I intend to purchase our first house in Ongar. Conveyancing lawyer has been chosen. The broker suggested that a survey is not appropriate as the property is only fifteen years old.
You would be well advised to commission a Home Buyer's Report. Given the property is over 10 years old the property will not benefit from a warranty, so you don't want to take a risk. For a property that age with no signs of problems a Home Buyer's report may be enough. They will highlight any apparent issues and suggest further investigation if appropriate. If there are any signs of problems seek a full structural survey.