We are due to exchange on the purchase of a house in Ferring and Goring but as a consequence of wreckage from the recent storms I have was able negotiate reparation from the owner in the sum of £3k taking the form of a reduction in the price. I had intended this to be addressed as part of amending the contract yet Barclays will not permit this. Should they have been involved?
Your lawyer that is on the Barclays conveyancing panel is required to advise Barclays of any changes to the sale price. If you were to refuse your property lawyer to notify the reduction to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new property lawyer for your conveyancing in Ferring and Goring.
How up to date is your search tool for Ferring and Goring conveyancing solicitors on the Nationwide conveyancing panel? Do Nationwide send you an updated list?
Ferring and Goring conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
The Ferring and Goring conveyancing lawyers that I appointed last week on my purchase in Ferring and Goring have suddenly closed. They were on acting for me because I needed a solicitor on the TSB conveyancing panel and my previous Ferring and Goring lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What are my options?
If you have an estate agent involved then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the TSB conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
I am looking for a leasehold apartment up to £305k and found one near me in Ferring and Goring I like with open areas and transport links in the vicinity, however it's only got 61 years unexpired on the lease. I can't really find anything else in Ferring and Goring in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage that many years may be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
My husband and I are FTB’s - agreed a price, yet the selling agent informed us that the owners will only go ahead if we use the agent's chosen conveyancers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family solicitor used to conveyancing in Ferring and Goring
We suspect that the owner is not behind this demand. If they desire ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Avoid the agents and go straight to the owners and make sure they understand (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you are going to instruct your preferred Ferring and Goring conveyancing firm - rather thanthose that will provide the negotiator at the agency a kickback or meet his conveyancing figures pre-set by head office.
Expecting to exchange soon on a studio apartment in Ferring and Goring. Conveyancing solicitors assured me that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Ferring and Goring should include some of the following:
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Alterations to the property Setting out your rights in respect of the communal areas in the block.For instance, does the lease contain a right of way over an accessway or staircase? Who has the liability for maintaining the window frames Repair and maintenance of the flat
I inherited a 2 bed flat in Ferring and Goring, conveyancing having been completed in 2005. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Ferring and Goring with over 90 years remaining are worth £211,000. The ground rent is £45 charged once a year. The lease terminates on 21st October 2092
With only 67 years remaining on your lease the likely cost is going to range between £10,500 and £12,000 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. 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 move forward based on this information without first seeking the advice of a professional.