Can your site be used to locate a Conveyancing solicitor in Prestbury even where I’m not purchasing or disposing of a house, for example if I want to buy a shop in Prestbury with a mortgage from Nationwide Building Society?
The service is mainly utilised to locate domestic conveyancing solicitors in Prestbury but we have set out at the end of this page a selection of Prestbury commercial conveyancing firms. You will need to speak with the solicitors directly to establish if they can also act for Nationwide Building Society
I'm buying my first flat in Prestbury with a mortgage from The Mortgage Works. The builders refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not disclose to my conveyancer about the extras as it may affect my loan with The Mortgage Works. 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 flat up to £245,000 and found one near me in Prestbury I like with a park and railway links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Prestbury in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan that many years will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
Is it possible to change conveyancer as I need to choose a firm on the Santander conveyancing list. I instructed a family conveyancing solicitor in Prestbury five minutes from me but the firm is not approved by Santander
It would be our pleasure to help you find a conveyancing solicitor in Prestbury on the Santander panel. Please note that the property lawyers that we work with do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Prestbury. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Prestbury.
There are only Fifty years left on my lease in Prestbury. I now want to extend my lease but my landlord is can not be found. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to track down the freeholder. In some cases an enquiry agent should be helpful to try and locate and to produce a report to be used as evidence that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer in relation to devolving into the landlord’s disappearance and the application to the County Court overseeing Prestbury.
I bought a studio flat in Prestbury, conveyancing formalities finalised in 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Prestbury with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 levied per year. The lease runs out on 21st October 2084
With just 59 years left to run the likely cost is going to span between £20,900 and £24,200 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.
Why am I unable to complete my conveyancing in Prestbury on a public holiday?
Because on completion the money needs to pass between the banks of the purchaser and owner’s solicitor and currently this can only occur on a business day. It is not possible to complete on a weekend either.