Willusing a Buckden conveyancing practice make my purchase more efficient?
Established third party connections is an important consideration when appointing conveyancing solicitors. Buckden conveyancers benefit from connections with lenders and agents, local authorities, valuers and other conveyancing firms meaning the whole process is going to be much smoother for you. Having a wealth of knowledge of the local area is also a plus .
Completed the sale of my flat in Buckden last November but our buyer keeps telephoning daily to say his conveyancer is waiting to hear from mine. What are the post completion sale formalities following completion?
Following your house sale your lawyer is committed to deliver the transfer documentation and all of the paperwork to the buyer’s solicitors. Where relevant, your solicitor should also send confirmation that the legal charge in favour of the lender has been discharged to the buyers lawyers. There is unlikely to be post completion steps just for conveyancing in Buckden.
I am assisting my mother sell her property in Buckden. Will the conveyancing solicitor commission an EPC or it is for the owner to coordinate?
Following the abolition of HIPs, energy performance certificates was retained a required component of selling a house. An energy performance certificate needs to be to hand before the property is put on the market. This is not something that law firms normally organise. If you are using a Buckden conveyancing lawyer they may be willing to arrange energy assessments due to their contacts with long established local accredited person
We had instructed solicitors located in Buckden on the Principality solicitor approved list. They are now charging me a supplemental charge for dealing with the Principality mortgage. Is this a supplemental conveyancing fee specified by Principality?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancing practitioner is entitled to charge a fee for this. This charge is not set by Principality but by your Buckden conveyancing practitioner. Some firms on the Principality panel will levy ’dealing with mortgage’ fee and others do not.
After much negotiation I have agreed a price on a house in Buckden. My mortgage broker recommended their conveyancers. I paid an upfront payment of £175. Not long after, the lawyer called me sheepishly admitting that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Me and my brother own a terraced Georgian house in Buckden. Conveyancing solicitor represented me and Leeds Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to review 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 Buckden and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing solicitor who conducted the work.
I'm purchasing a new build house in Buckden with a mortgage from Barclays Direct. The sellers refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not inform my lawyer about this extras as it could affect my mortgage with the lender. Is this normal?.
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 wish to let out my leasehold flat in Buckden. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
Some leases for properties in Buckden do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I bought a 1st floor flat in Buckden, conveyancing having been completed 3 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Buckden with over 90 years remaining are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ceases on 21st October 2097
You have 76 years unexpired the likely cost is going to be between £8,600 and £9,800 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.