I am expecting a mortgage offer from Nat West. I would like to employ the services of a Licensed Conveyancer in Witham. Does the Nat West Conveyancing panel exclude conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We are buying a new build flat in Witham and my lawyer is telling me that she has to the bank to disclose incentives from the seller. The Estate Agents are hassling me to exchange contracts and I have no desire to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a mortgage company 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 I use your services to locate a Conveyancing solicitor in Witham even if I’m not purchasing or selling a house, for instance if I wish to acquire an office in Witham with a loan from Barclays Direct?
Our comparison service is mainly utilised to locate domestic conveyancing solicitors in Witham but we have listed at the end of this page a selection of Witham commercial conveyancing firms. You will need to make contact with the company directly to see if they can also act for Barclays Direct
What does a local search tell me concerning the house I am buying in Witham?
Witham conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations such as Xpress Legal The local search plays an important role in most Witham conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search will supply information on, amongst other things, details on planning applications applicable to the property (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 13 subject areas.
I am looking at a two maisonettes in Witham both have in the region of forty five years unexpired on the lease term. Will this present a problem?
There are plenty of short leases in Witham. The lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease shortens the value of the lease decreases and results in it becoming more costly to extend the lease. This is why it is advisable to extend the lease term. It is often difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this field.
I own a 1st floor flat in Witham, conveyancing having been completed June 2009. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Witham with over 90 years remaining are worth £201,000. The ground rent is £45 invoiced every year. The lease ends on 21st October 2090
With only 65 years remaining on your lease the likely cost is going to span between £13,300 and £15,400 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
I today plan to offer on a house that seems to be perfect, at a great price which is making it more attractive. I have subsequently found out that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Witham. Conveyancing advisers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Witham ?
The majority of houses in Witham are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can help the conveyancing process. We note that you are purchasing in Witham so you should seriously consider looking for a Witham conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’spermission to conduct changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the house is part of an estate. Your lawyer should advise you fully on all the issues.