I just bought a flat at auction in Whitwick. Conveyancing is necessary. What is next?
Now that you have to in every practical sense signed on the dotted line you should instruct a conveyancing lawyer as a matter of urgency as you now have a tight deadline in which to complete the conveyancing. An auction property should have an associated legal set of papers. This should include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the auction papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You should hand this to the lawyer working for you as soon as possible. Do make sure that that you have the requisite funding organised to complete the transaction on the set completion date.
I am currently in the process of buying my council flat in Whitwick. I have a mortgage offer with Bank of Ireland. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
I recently had an offer agreed on an apartment in Whitwick. My mortgage broker pressured me to appoint their solicitor. I paid an advanced payment of £150. Shortly after, the conveyancing practitioner called me embarrassingly acknowledging that they were not on the Barclays conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Barclays panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am purchasing a new build house in Whitwick with the aid of help to buy. The builders would not move on the amount so I negotiated £7000 of extras instead. The estate agent advised me not disclose to my solicitor about the extras as it may impact my loan with Alliance & Leicester . 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.
How difficult is it to change solicitor as I have to retain a firm on the Bank of Scotland conveyancing list. I instructed a local conveyancing solicitor in Whitwick round the corner but the firm is not approved by Bank of Scotland
We will our best to assist in finding you a conveyancing solicitor in Whitwick on the Bank of Scotland panel. Please note that the solicitors that we on the directory do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Whitwick. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Whitwick.
We're first time buyers - agreed a price, but the agent told us that the owners will only go ahead if we appoint the agent's recommended lawyers as they need a ‘quick sale’. My instinct tells me that we should use a local conveyancer accustomed to conveyancing in Whitwick
We suspect that the owner is not behind this ultimatum. Should the vendor desire ‘a quick sale', alienating a genuine buyer is is going to put the whole deal at risk. Try to communicate with the sellers directly and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you will continue to appoint your preferred Whitwick conveyancing solicitors - not the ones that will earn the negotiator at the agency a referral fee or meet his conveyancing thresholds pre-set by senior management.
I own a leasehold house in Whitwick. Conveyancing and Accord Mortgages Ltd mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in Whitwick who previously acted has long since retired. What should I do?
First make enquiries of HMLR to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to instruct a Whitwick conveyancing solicitor to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a split level flat in Whitwick, conveyancing was carried out 10 years ago. How much will my lease extension cost? Comparable properties in Whitwick with over 90 years remaining 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 left to run we estimate the price of your lease extension to span between £17,100 and £19,800 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures 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 want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
What type of premises does your Whitwick conveyancing quotes relate to?
The quotes supplied are only applicable to standard domestic homes in England & Wales. Where you have any different requirements for instance industrial or agricultural property or commercial conveyancing in Whitwick you should contact us to address this further .