Having sold my house in Castle Eden last February yet the purchaser is whats apping me to moan that his lawyer is waiting to hear from mine. What should my lawyer have done now that I have sold?
After completion of your disposal your lawyer is obliged to send the transfer deeds and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your lawyer should also send confirmation that the home loan has been discharged to the purchasers lawyers. There are no post completion tasks peculiar conveyancing in Castle Eden.
I have been referred to a conveyancing solicitor in Castle Eden. I I am struggling to find out if they are on the Halifax approved list of lawyers. Could you help?
The first thing you should do is contact your lawyer and enquire if they can act for the lender. Otherwise please call Halifax who may be able to confirm.
Should commercial conveyancing searches reveal impending roadworks that may impact a commercial site in Castle Eden?
Many commercial conveyancing solicitors in Castle Eden will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Castle Eden. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Castle Eden.
For every commercial conveyancing transaction in Castle Eden it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Castle Eden commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Castle Eden.
I'm purchasing a new build house in Castle Eden with a mortgage from Bank of Ireland. The sellers refused to reduce the price so I negotiated £7000 of extras instead. The sale representative told me not disclose to my solicitor about the side-deal as it would impact my mortgage with Bank of Ireland. 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 need to instruct a conveyancing lawyer in Castle Eden for my home move. Is there any facility to check a solicitor's record with the legal regulator?
You may search for published Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after Jan 2008. Go to Check a solicitor's record. To find information Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The SRA could monitor telephone calls for training requirements.
I am looking at a two flats in Castle Eden both have about forty five years remaining on the leases. Do I need to be concerned?
There are plenty of short leases in Castle Eden. The lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease shortens the value of the lease decreases and results in it becoming more costly to extend the lease. For this reason it is often a good idea to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a solicitor and surveyor with experience in this area.
I invested in buying a ground floor flat in Castle Eden, conveyancing was carried out in 2008. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Castle Eden with an extended lease are worth £201,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease runs out on 21st October 2088
With only 64 years unexpired we estimate the price of your lease extension to span between £14,300 and £16,400 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.