Can the conveyancing solicitors that you recommend execute conveyancing in Undy by way of an attended exchange?
We do have a number of conveyancing experts who can conduct personalised exchanges. You should contact us to receive a fee calculation and details as to availability.
My uncle advised me that in buying a property in Undy there could be various restrictions affecting the ability to carry out external changes to the property. Is this right?
There are anumerous of properties in Undy which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Undy should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Bank of Ireland have agreed my mortgage in principle, my bid on a property in Undy has been accepted, now what?
Your property agent will wish to be informed of your conveyancer's details (ensure that the property lawyers are on the lender’s approved list). Contact Bank of Ireland or the broker and finish off any outstanding forms. Bank of Ireland will instruct a valuer who will get in touch with the estate agent or owners to arrange a slot for the valuation to occur. Once conducted (assuming no problems) it takes approximately ten days to get a mortgage offer. Bank of Ireland will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Undy.
At last I have had an offer on a flat in Undy agreed to, but there is a chain. The owners have offered on a flat, however it’s not been accepted yet, and have viewings of other flats booked. I have chosen a bricks and mortar conveyancing solicitor in Undy. What should be my next step? When should I get the mortgage application with Kent Reliance started?
It is normal to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is in the region of £1k, then survey, Undy conveyancing search charges, etc). The first thing to do is ensure that your conveyancing practitioner is on the Kent Reliance conveyancing panel. As to the next phase this very much dictated by the uniqueness of your case, motivation for this property and on the state of the market. In a hot market the majority of buyers will apply for a home loan with Kent Reliance and arrange for the valuation and only if it comes back ok would they request their conveyancing practitioner to proceed with searches.
Various online forums that I have frequented warn that are the main cause of obstruction in Undy house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays during the legal transfer of property. Searches are not likely to feature in any slowing down conveyancing in Undy.
I purchased a 4 bedroom Georgian property in Undy. Conveyancing practitioner represented me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Undy and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing solicitor who conducted the purchase.
I am purchasing a new build house in Undy benefiting from help to buy. The sellers would not move on the amount so I negotiated 6k of additionals instead. The estate agent advised me not to tell my conveyancer about the side-deal as it will jeopardize my loan with the bank. Should I keep quiet?.
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.
Can you provide any top tips for leasehold conveyancing in Undy from the point of view of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Undy can be reduced where you get in touch lawyers as soon as you market your property and ask them to collate the leasehold documentation which will be required by the purchasers’ lawyers. If you have carried out any alterations to the residence would they have required Landlord’s permission? In particular have you laid down wooden flooring? Undy leases often stipulate that internal structural alterations or addition of wooden flooring necessitate a licence issued by the Landlord consenting to such works. If you dont have the approvals in place you should not contact the landlord without contacting your conveyancer first. You may think that you are aware of the number of years left on your lease but you should double-check via your lawyers. A purchaser's conveyancer will not be happy to advise their client to to exchange contracts if the remaining number of years is under 75 years. It is therefore important at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. If there is a history of any disputes with your landlord or managing agents it is essential that these are settled before the property is marketed. The purchasers and their solicitors will be nervous about purchasing a property where a dispute is unsettled. You may have to bite the bullet and pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is better to reveal the dispute as historic rather than ongoing. Many landlords or managing agents in Undy levy fees for providing management packs for a leasehold premises. You or your lawyers should discover the fee that they propose to charge. The management pack sought on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Undy.
I acquired a split level flat in Undy, conveyancing having been completed in 1996. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Undy with over 90 years remaining are worth £211,000. The ground rent is £45 per annum. The lease ends on 21st October 2092
You have 67 years left to run we estimate the premium for your lease extension to span between £10,500 and £12,000 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.