I was recommended to a lawyer who has given a fee estimate £1400 for fixed fee conveyancing in Bedford Hill. I’m hoping to downsize from a Edwardian house for £250,000. Is this expensive? Is it in excess of what I should be paying for conveyancing in Bedford Hill?
The estimate does seem a tad overpriced. If you shop around you may be able to reduce the fees marginally by say a hundred pounds. On the other hand, you maycome to regret choosing an an untested lawyer. If is important to check that the conveyancer can also act for your lender. You can employ our search tool to select a Bedford Hill conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Bedford Hill.
I am under pressure from the owner of a property in Bedford Hill to complete within four weeks. What can be done to accelerate the buying process?
Where the seller is applying a tight deadline to exchange we would recommend that your solicitor is familiar with the location as they will have local connections and intelligence. It is possible that they would have handled previoushouses in the same neighbourhood. You would be best advised to use a Bedford Hill conveyancing firm. Second, check that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that just under twenty per cent of Bedford Hill conveyancing transactions are held up or derailed after finding out that a purchaser’s solicitor was not on their banks list of approved solicitors. In many cases this discovery resulted in the conveyancing being frustrated by as much as three weeks. It is said that this issue affects approximately one hundred thousand home sales every year. Almost all Bedford Hill conveyancing practices can not represent certain lenders so do check as early as possible.
I have Fifty Six years unexpired on my lease and require a lease extension for my apartment in Bedford Hill. Conveyancing solicitors on the Platform panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 23/5/2020 the requirements read as follows :
Me and my brother own a semi-detached Georgian house in Bedford Hill. Conveyancing practitioner represented me and Barnsley Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the matching address. Is it worth asking Barnsley Building Society to clarify?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bedford Hill and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing practitioner who carried out the work.
I am buying a new build house in Bedford Hill benefiting from help to buy. The developers would not move on the price so I negotiated £7000 of additionals instead. The property agent advised me not reveal to my conveyancer about this extras as it will affect my mortgage with Bank of Scotland. 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.
Should local authority consent be needed to split a house into multiple appartments in Bedford Hill? This has been carried out to a property next door to my house in Bedford Hill and was not aware of the conversion until it was complete.
Planning permission is necessary for splitting a single house in Bedford Hill into flats but probably not for reverting once again to single dwelling-house so, in answer to your question, yes,a it is required.