Would the conveyancing lawyers that are recommend handle auction conveyancing in Romsley?
We know of a few auction lawyers we can put you in touch with those conducting auction conveyancing. Romsley is just one of hundreds of locations where our lawyers have offices.
We note that you have a post code search directory listing firms on the Nationwide conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Romsley?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Romsley.
I am buying my first flat in Romsley benefiting from help to buy. The developers would not budge the amount so I negotiated 6k of additionals instead. The estate agent suggested that I not reveal to my solicitor about the extras as it could adversely affect my mortgage with the lender. Is this normal?.
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 £195,000 and identified one close by in Romsley I like with amenity areas and station nearby, however it only has 51 years on the lease. I can't really find anything else in Romsley suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan the shortness of the lease may be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
We're FTB’s - agreed a price, but the selling agent advised that the vendor will only proceed if we appoint the agent's chosen conveyancers as they want an ‘expedited deal’. We would rather use a local solicitor who is accustomed to conveyancing in Romsley
It is improbable the owners are behind this. If they desire ‘a quick sale', alienating a genuine buyer is going to damage their objectives. Contact the vendors directly and make the point that (a)you are motivated buyers (b)you are ready to progress, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you will continue to use your preferred Romsley conveyancing firm - rather thanthose that will provide their estate agent a kickback or achieve conveyancing thresholds set by senior management.
I have just appointed agents to market my 2 bed apartment in Romsley. Conveyancing lawyers have not yet been instructed, but I have recently had a half-yearly service charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is clear the service charge as you normally would given that all rents and maintenance invoices will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I acquired a 2 bed flat in Romsley, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Romsley with a long lease are worth £211,000. The average or mid-range amount of ground rent is £50 levied per year. The lease comes to an end on 21st October 2093
With just 68 years unexpired we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.