Do the conveyancing lawyers listed on your site execute auction conveyancing in Burton Latimer?
There are a number of auction practitioners we can connect you with those specialising in auction conveyancing. Burton Latimer is one of the many locations in which our lawyers cover.
After months of negotiation I have agreed a price on a house in Burton Latimer. My financial adviser recommended their conveyancers. I paid an upfront payment of £175. A few days later, the lawyer contacted me sheepishly admitting that they were not on the Principality 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 Principality 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.
I was told two weeks ago that my mortgage has been agreed to by Santander. Is it usual for Santander to only issue the offer once my solicitor in Burton Latimer is approved on their conveyancing panel? Santander have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
At last I have had an offer on an apartment in Burton Latimer agreed to, the sellers do however have a tied purchase. The owners have offered on on an apartment, however it’s not yet tied up, and have viewings of other flats booked. I have selected a local conveyancing solicitor in Burton Latimer. What do I do now? At what stage should I apply for the mortgage with Nottingham?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx £1k, then valuation, Burton Latimer conveyancing search costs, etc). First, you should check that your solicitor is on the Nottingham conveyancing panel. Concerning the next steps this very much dictated by the uniqueness of your case, desire for the property and on the state of the market. During a hot market many purchasers will apply for a home loan with Nottingham and pay for the valuation and only if it was satisfactory would they request their property lawyer to proceed with the conveyancing in Burton Latimer.
Just had an offer accepted on a new build apartment in Burton Latimer. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Burton Latimer
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I'm remortgaging my existing property to a buy to let mortgage with The Royal Bank of Scotland and intend to use the remaining equity as a down payment on another property. The neighborhood we are interested in is Burton Latimer. Will your lawyers be able to act for both sets of lenders and link together the transactions?
Do use our search tool on this site to be sure that the lawyers are approved by both lenders. Assuming that they are the lawyer should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you lawyer and make apparent your expectations and needs.
I work for a busy estate agency in Burton Latimer where we have experienced a few leasehold sales derailed as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Burton Latimer conveyancing firms. Please can you shed some light as to whether the seller of a flat can start the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I own a studio flat in Burton Latimer, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Burton Latimer with an extended lease are worth £216,000. The ground rent is £50 per annum. The lease ends on 21st October 2093
With only 70 years remaining on your lease we estimate the price of your lease extension to span between £9,500 and £11,000 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
What type of premises does your Burton Latimer conveyancing estimates relate to?
Our conveyancing quotes are only appropriate to standard domestic homes in England & Wales. If you have any different requirements for instance industrial or agricultural property or commercial conveyancing in Burton Latimer please contact us to address this further .