Is there a reason why leasehold purchase conveyancing in Tilbury costs more?
The conveyancing fees on a leasehold premises in Tilbury is often higher than on a freehold transaction. This is because there is an amount of extra investigations necessary in communicating with the landlord and management company to obtain information about whether the rent and service fee have been paid and whether there are any major works due in the foreseeable future on repairs or maintenance of the block.
I am refinancing my house in Tilbury, does my lawyer have to be on the Bank of Ireland Solicitor panel?
There is nothing to stop you using your solicitor, but Bank of Ireland will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am purchasing a new build house in Tilbury with the aid of help to buy. The developers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The estate agent told me not reveal to my conveyancer about this side-deal as it would adversely affect 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.
I decided to have a survey carried out on a house in Tilbury ahead of appointing lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies will refuse to grant a mortgage on this type of property.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you e-mail us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Tilbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tilbury to see if the conveyancing will be more expensive.
I am a sole trader planning to lease a unit on the high street. Can you recommend lawyers offering no-sale-no charges for commercial conveyancing in Tilbury for under 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Tilbury, including the disposal and purchase of businesses as well as simply property. Whether you are hoping to buy or sell a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right lawyer. Regarding the fees these will vary based on the structure and nuances of the deal. Let us have your contact information or phone so as to enable us to provide you with a detailed commercial conveyancing quote.
Estate agents have just been given the go-ahead to market my basement apartment in Tilbury. Conveyancing is yet to be initiated, however I have just had a half-yearly maintenance charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is discharge the maintenance contribution as normal as all rents and service payments should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I bought a 1st floor flat in Tilbury, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Tilbury with a long lease are worth £197,000. The ground rent is £55 charged once a year. The lease terminates on 21st October 2079
You have 54 years unexpired we estimate the premium for your lease extension to range between £32,300 and £37,400 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. 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 want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.