I have given 2 months notice to my current landlord and have to leave my rented property in Dorset by the end of next month. Conveyancing for my house purchase is underway. Can I complete in a couple of weeks as I wish to avoid having to move into short term accommodation?
It is unwise to provide notice for your letting until your lawyer suggests that you should. If you have not already done so, speak to your solicitor and request that they cajole the sellers lawyers, try to get a realistic time scale from them that everyone will aim to achieve
It has been four months since my purchase conveyancing in Dorset took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing my first flat in Dorset with the aid of help to buy. The builders would not budge the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not inform my conveyancer about the extras as it may affect my mortgage with the bank. Do I keep my lawyer in the dark?.
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 am selling my home. My former lawyers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Dorset if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Dorset. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
Are there frequently found defects that you witness in leases for Dorset properties?
Leasehold conveyancing in Dorset is not unique. Most leases are drafted differently and drafting errors can sometimes mean that certain clauses are missing. For example, if your lease is missing any of the following, it could be defective:
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Repairing obligations to or maintain parts of the property
You will encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Halifax, Skipton Building Society, and Nottingham Building Society all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the purchaser to pull out.
I purchased a studio flat in Dorset, conveyancing having been completed February 2010. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Dorset with an extended lease are worth £181,000. The ground rent is £55 per annum. The lease runs out on 21st October 2076
With 51 years unexpired the likely cost is going to range between £30,400 and £35,200 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.
I am buying a house and cash is in place. My conveyancer has been supplied with with 2 separate forms of photo identification, bank statement, multiple utility bills. Now he needs a copy from a probate lawyer advising that the funds are legitimate and that it has come from inheritance and not selling fake watches.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Dorset conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.