After what seems like an age a loan offer from Santander for the refinancing of my 3 room garden flat is coming imminently. Can you recommend a low cost conveyancing lawyer in Overton?
You are on the wrong site if you are seeking a cheap conveyancing solicitors in Overton. We can offer you excellent value conveyancing but our intention is not to work with the cheapest lawyers. Do not be swayed by companies teasing you with low cost conveyancing in Overton. At best, in being led by low cost conveyancing, you will get your money’s worth and at worst it will result in you paying a lot in extras and still not get the service you were looking for.
My partner and I are purchasing a newly built duplex in Overton and my lawyer is advising me that she has to the bank to disclose incentives from the builder. I am under pressure to sign contracts and I have no desire to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My wife and I own a 4 bedroom Georgian house in Overton. Conveyancing solicitor acted for me and The Royal Bank of Scotland. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the matching property. Is it worth asking The Royal Bank of Scotland to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Overton and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing practitioner who completed the work.
My father-in-law has suggested that I instruct his conveyancers in Overton. Do I follow his guidance?
Much as we are happy to recommend a Overton conveyancing lawyer the ideal way to select a conveyancing practitioner is to seek feedback from friends or relatives who have actually previously instructed the solicitor that you are contemplating using.
I am tempted by the attractive purchase price for a couple of apartments in Overton both have about 50 years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the premises for a period of time. As the lease shortens the saleability of the lease deteriorates and it becomes more expensive to extend the lease. This is why it is advisable to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We recommend you seek professional help from a conveyancer and surveyor with experience in this arena.
Overton Leasehold Conveyancing - Sample of Questions you should ask Prior to buying
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Please note that where the lease has fewer than eighty years it will impact the value of the property. Check with your lender that they are content with the length of the lease. A short lease means that you will most likely have to extend the lease at some point and you need to have some idea of how much this would cost. Remember, in most cases you will need to own the property for two years in order to be legally able to extend the lease. Does the lease include onerous restrictions? It would be sensible to investigate if there is anything that is prohibited in the lease. For example it is very common in Overton leases that pets are not permitted in in a block in Overton. If you love the flatin Overton however your cat is not allowed to make the move with you then you have a very hard determination.
There are a number of properties in Overton on private roads. We are acquiring one such house. What would be the advantages and disadvantages of buying a house on a privately owned road?
Overton conveyancing lawyers are used to conveyancing houseson private. Your conveyancer should investigate Land Registry data to find any rights or liabilities. In many cases there is a management company (wholly owned by residents) that owners make annual contributions to maintain the road. Where there is one, the road should be maintained and look better than council maintained.