We are planning to acquire a flat and need a conveyancing solicitor in Woodstock who is on the Kent Reliance solicitor panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Kent Reliance . We don't recommend any particular firms conducting conveyancing in Woodstock.
I am purchasing a new build house in Woodstock benefiting from help to buy. The sellers would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not inform my solicitor about the deal as it could affect my loan with National Westminster Bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I have been recommended by two or three local property agents in Woodstock to find a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to promote your services over and above alternative conveyancing organisations?
We don’t give any financial incentive for sending work in our direction. We thought it would be too underhand to pay a commission as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Is it best to appoint a Woodstock conveyancing lawyer who is local to the property I am purchasing? We have a good friend who can handle the conveyancing however his firm is located 300kilometers drive away.
The benefit of a local Woodstock conveyancing practice is that you can pop in to sign documents, present your identification documents and pester them where appropriate. They will also have local insight which is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and they were impressed that must trump using an unknown Woodstock conveyancing lawyer solely due to them being local.
I am looking at a couple of maisonettes in Woodstock both have approximately forty five years remaining on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Woodstock. The lease is a legal document that entitles you to use the premises for a period of time. As the lease shortens the value of the lease reduces and it becomes more costly to extend the lease. This is why it is generally wise to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease because mortgage lenders may be unwilling to lend money on such properties. Lease extension can be a difficult process. We advise that you get professional assistance from a solicitor and surveyor with experience in this area.
I purchased a basement flat in Woodstock, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Woodstock with a long lease are worth £181,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease comes to an end on 21st October 2077
With just 51 years unexpired the likely cost is going to range between £30,400 and £35,200 as well as professional fees.
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 this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.
What type of property do your Woodstock conveyancing estimates apply to?
Our conveyancing quotes are only applicable to standard residential homes in England & Wales. If you have any different needs for example industrial or agricultural property or commercial conveyancing in Woodstock do telephone us to address your requirements .