I am buying a terraced house in Queensferry. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Queensferry you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Queensferry.
I am buying a new build house in Queensferry benefiting from help to buy. The sellers would not reduce the amount so I negotiated £7000 of additionals instead. The house builders rep advised me not inform my conveyancer about the extras as it would affect my mortgage with the bank. 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 £305k and found one near me in Queensferry I like with open areas and station in the vicinity, however it only has 51 years unexpired on the lease. There is not much else in Queensferry in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan the remaining unexpired lease term will be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
We're novice buyers - had an offer accepted, but the agent has warned us that the owners will only go ahead if we use the agent's preferred solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a high street solicitor accustomed to conveyancing in Queensferry
It is improbable the owners are behind this. Should the vendor want ‘a quick sale', taking such a hostile approach to a serious buyer is is going to put the whole deal at risk. Try to communicate with the sellers directly and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you are going to appoint your preferred Queensferry conveyancing firm - rather thanthe ones that will earn their estate agent a kickback or achieve conveyancing figures set by corporate headquarters.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £300,000 apartment in Queensferry next Thursday. The landlords agents has quoted £312 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Queensferry?
Queensferry conveyancing on leasehold maisonettes often requires the purchaser’s conveyancer submitting enquiries for the landlord to answer. Although the landlord is under no legal obligation to answer these enquiries most will be content to do so. They may invoice a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The administration charge required by the landlord must be sent together with a summary of entitlements and obligations in respect of administration charges, without which the charge is not strictly payable. Reality however dictates that one has little option but to pay whatever is requested of you should you wish to exchange contracts with the buyer.
I inherited a leasehold flat in Queensferry, conveyancing formalities finalised 9 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Queensferry with a long lease are worth £180,000. The ground rent is £65 invoiced every year. The lease finishes on 21st October 2084
You have 59 years remaining on your lease we estimate the premium for your lease extension to span between £20,900 and £24,200 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
What tools are available to find a Queensferry conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to 25kilometers to meet the solicitor.
You can use the find a conveyancing panel search on this page. Please choose the lender and your location, in this case Queensferry and you will see a number of lawyer located nearest Queensferry. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.