I am buying a new build flat in Bartley Green. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Bartley Green you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Bartley Green.
I'm the only recipient of my late grandmother’s will and I have everything in my name alone, including the my former home in Bartley Green. The Bartley Green property was put into my name in July. I want to move. I understand that there is a CML 6 month 'rule', which means that my proprietorship may be treated the same way as if I'd bought the property in July. Will no one buy the property for half a year?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Some mortgage companies would take a practical view as this provision is principally there to pick up on the purchase and immediately sell or the quick reselling of property.
Does a directory service exist listing Bank of Ireland panel conveyancers in Bartley Green on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings available over the internet. Where you are in need of a Bartley Green lawyer on the Bank of Ireland please use our facility.
Is it the case that all Bartley Green solicitor firms on the Yorkshire BS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Yorkshire BS approved list of solicitors they would need to be overseen by the SRA. Some banks do list licenced conveyancers on their panel in which case such organisation would be overseen by the CLC.
Have completed on a a detached house in Bartley Green , What is the estimated time for the Land Registry to register the transfer to my name? My Bartley Green conveyancing solicitor works at snail pace, so I want to check that my ownership is recorded.
As far as conveyancing in Bartley Green registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timescales can differ depending on who lodges the application, whether it is in order and whether the Land registry communicate with any other persons or bodies. As of today approximately three quarters of such applications are fully dealt with within 12 days but occasionally there can be extensive hold-ups. Historically registration takes place once the buyer has moved in to the premises so an expedited registration is not always primary concern but where it is urgent that the the registration takes place urgently then you or your conveyancer can contact the land registry and explain the circumstances.
I am purchasing a new build house in Bartley Green with a mortgage from HSBC Bank. The developers would not budge the amount so I negotiated 6k of additionals instead. The estate agent told me not disclose to my conveyancer about this extras as it will adversely affect my mortgage with the lender. 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.
I opted to have a survey carried out on a house in Bartley Green ahead of retaining conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some banks may refuse to grant a loan on a flying freehold house.
It varies from the lender to lender. Santander has different requirements from Nationwide. If you contact us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bartley Green. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bartley Green to see if the conveyancing will be more expensive.
I've recently bought a leasehold house in Bartley Green. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a 1 bedroom flat in Bartley Green, conveyancing was carried out November 2000. Can you work out an approximate cost of a lease extension? Similar properties in Bartley Green with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease runs out on 21st October 2078
With 53 years remaining on your lease we estimate the premium for your lease extension to span between £27,600 and £31,800 plus professional fees.
The figure 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 detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.