I am expecting a mortgage offer from Lloyds. I would like to instruct a Licensed Conveyancer in Sneyd Green. Does the Lloyds Conveyancing panel allow for conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
My partner and I are getting closer to an exchange on a house in Sneyd Green and my mum and dad have sent the 10% deposit to my lawyer. I am now informed that as the deposit has not arrived from me my conveyancer needs to disclose this to my mortgage company. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I disclosed to the lender about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The solicitor is legally required to check with mortgage company to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Do I need to visit the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Sneyd Green so that I can pop in to their offices when needed.
These days approved lawyers for mortgage companies undertake their communications via Royal Mail, internet or over the phone. This enables them to conduct the legal work for your home move no matter where you live in England or Wales. However you can see if you can still book an appointment to visit conveyancing lawyer if just in case this is required.
I'm refinancing my current house to a BTL mortgage with Accord Mortgages Ltd and intend to use the remaining equity as a deposit on further house. The location we are looking at is Sneyd Green. Will your conveyancers be able to act for the two lenders and tie in the transactions?
Do use our search tool on this page to be sure that the solicitors are on the relevant lender panels. On the basis that they are the conveyancer will be able to tie up the two transactions but you should have a chat with you solicitor and communicate your desired outcome and needs.
In my capacity as executor for the will of my grandfather I am selling a house in Cardiff but reside in Sneyd Green. My solicitor (based 260 miles from mehas requested that I sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing solicitor in Sneyd Green to witness this legal document for me?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are based in Sneyd Green
I am attracted to a couple of maisonettes in Sneyd Green which have approximately 50 years remaining on the lease term. Will this present a problem?
There are plenty of short leases in Sneyd Green. The lease is a right to use the property for a prescribed time frame. As a lease gets shorter the value of the lease reduces and results in it becoming more costly to extend the lease. This is why it is generally wise to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage companies may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a solicitor and surveyor with experience in this field.
I acquired a leasehold flat in Sneyd Green, conveyancing having been completed January 2011. How much will my lease extension cost? Comparable flats in Sneyd Green with a long lease are worth £190,000. The average or mid-range amount of ground rent is £45 yearly. The lease ceases on 21st October 2087
You have 62 years unexpired the likely cost is going to be between £17,100 and £19,800 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.