We instructed a high street firm for my conveyancing in Telford recently. Reviewing the Ts and Cs I seewe are responsible for charges even if the movedoes not go ahead. Should I go with them or select a web based conveyancing company promoting no move no charge conveyancing in Telford?
It is usually ‘give and take’ in that if "No Completion No Fee" is advertised then the conveyancing charges will generally be uplifted to cover the transactions that fail to complete. Also remember that these schemes tend not to cover disbursements such as Telford conveyancing search charges.
I am purchasing a brand new flat in Telford and my solicitor is telling me that she has to the lender to reveal incentives from the builder. I am under pressure to exchange and my preference is not to delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can your site be used to find a Conveyancing solicitor in Telford even where I’m not purchasing or selling a house, for example where I want to buy an office in Telford with a loan from Skipton Building Society?
The service is primarily used to select domestic conveyancing solicitors in Telford but we have recorded towards the end of this page some Telford commercial conveyancing firms. You will need to make contact with the solicitors directly to establish if they can also act for Skipton Building Society
What can a local search tell me regarding the house I am purchasing in Telford?
Telford conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for example Xpress Legal The local search is essential in every Telford conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search should reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
Over the last few months I have been searching for a flat up to £195,000 and found one close by in Telford I like with a park and transport links in the vicinity, however it only has 61 years on the lease. There is not much else in Telford for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage the shortness of the lease will be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you may request that they start the process of the extension 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 speak to your conveyancing lawyer regarding this.
Back In 2007, I bought a leasehold house in Telford. Conveyancing and Santander mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Telford who acted for me is not around. Any advice?
The first thing you should do is contact HMLR to be sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to instruct a Telford conveyancing lawyer to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Telford Conveyancing for Leasehold Flats - Sample of Queries Prior to buying
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If a Telford lease has less than 80 years it will have adverse implications on the value of the property. It is worth checking with your lender that they are willing to to proceed given the lease term. Leases with fewer than 80 years remaining means that you will almost definitely need a lease extension at some point and you need to have some idea of what this will be. For most Telfordlease extensions you would need to own the premises for a couple of years in order to be eligible to extend the lease. How many of the leaseholders are in arrears for their maintenance charge payments? What is the length of the lease?