My mortgage broker has requested my Cheltenham lawyer’ panel member for the Nationwide conveyancing panel. Can you suggest how I find this out. I have tried my local Cheltenham branch but they don't know it.
You are best placed to get this information from your Cheltenham conveyancer . Most Cheltenham law practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
Can I use your services to recommend a Conveyancing solicitor in Cheltenham even if I’m not buying or disposing of a house, for instance where I intend to acquire a shop in Cheltenham with a loan from Santander?
Our search tool is primarily used to locate domestic conveyancing solicitors in Cheltenham but we have set out at the bottom of this page a few Cheltenham commercial conveyancing firms. You should make contact with the company directly to establish if they are also authorised to represent Santander
I require expedited conveyancing in Cheltenham as I have pressure to sign on the dotted line in less than one month. Fortunately I do not need a mortgage. Can I avoid the conveyancing searches to save fees and time?
If.Given you are not obtaining a home loan you have the choice not to do searches although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Cheltenham the following are instances of issues that can show up and adversely affect market value: Enforcement Actions, Overdue Fees, Outstanding Grants, Railway Schemes,...
I purchased a semi-detached Victorian property in Cheltenham. Conveyancing solicitor acted for me and Platform Home Loans Ltd. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Cheltenham and other areas of 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 buyers. You can also question the position with your conveyancing lawyer who completed the work.
I am purchasing my first flat in Cheltenham benefiting from help to buy. The builders would not budge the price so I negotiated 6k of extras instead. The estate agent advised me not inform my lawyer about the deal as it will jeopardize my mortgage with the lender. 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.
Last January I purchased a leasehold property in Cheltenham. Am I liable to pay service charges for periods before completion of my purchase?
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 invested in buying a basement flat in Cheltenham, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Cheltenham with over 90 years remaining are worth £221,000. The ground rent is £50 levied per year. The lease comes to an end on 21st October 2092
You have 70 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.