Just contacted my conveyancing solicitor in Scunthorpe who completed the legal work two years ago asking for a conveyancing estimate based on the same type of house sale & purchase (a leasehold property and a freehold premises) of similar values with a home loan from Bank of Ireland. It looks as though am now being charged double. Better the devil I know or should I seek out an alternative firm of conveyancing solicitor?
The estimate does seem a tad on the high side. If you you were to look around you could reduce the fees marginally by perhaps £100 plus VAT. That being said, assuming were satisfied with the service the firm gave you maycome to regret opting for an an untested solicitor. Remember to be sure that the conveyancer can also act for Bank of Ireland. Do utilise our search tool to choose a Scunthorpe conveyancing firm on the Bank of Ireland conveyancing panel, which can often include conveyancing solicitors in Scunthorpe.
We just had an offer accepted to buy with Norwich and Peterborough Building Society. I visited 3 or 4 high street solicitors but am struggling to find a Scunthorpe conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you assist?
Please do take advantage of the find a conveyancing panel solicitor tool on this site. Please choose the mortgage company and type Scunthorpe or your preferred area and you will be presented with a number of lawyer based in Scunthorpe or near you.
I'm buying a new build house in Scunthorpe benefiting from help to buy. The developers refused to reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep suggested that I not disclose to my conveyancer about the side-deal as it could put at risk my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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 have been on the look out for a flat up to £195,000 and found one close by in Scunthorpe I like with open areas and station nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Scunthorpe for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the shortness of the lease will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
Is it best to go with a Scunthorpe conveyancing lawyer based in the vicinity that I am buying? We have a good friend who can conduct the legal formalities however her office is approximately 350miles drive away.
The primary upside of using a local Scunthorpe conveyancing firm is that you can attend the office to sign documents, deliver your identification documents and apply pressure on them if necessary. They will also have local knowledge which is a bonus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were impressed that should outweigh using an unknown Scunthorpe conveyancing solicitor just because they are round the corner.
I have just appointed agents to market my garden flat in Scunthorpe. Conveyancing has not commenced, but I have recently received a quarterly service charge demand – what should I do?
The sensible thing to do is clear the maintenance contribution as normal given that all ground rent and service charges should be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until 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. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a leasehold flat in Scunthorpe, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Equivalent flats in Scunthorpe with over 90 years remaining are worth £165,000. The ground rent is £50 levied per year. The lease finishes on 21st October 2103
With 77 years remaining on your lease we estimate the premium for your lease extension to be between £7,600 and £8,800 plus plus your own and the landlord's "reasonable" professional fees.
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 in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.