We note that you have a post code search directory identifying law firms on the Nottingham conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Flitwick?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Flitwick.
I'm buying a new build house in Flitwick with a mortgage from Skipton Building Society. The developers refused to reduce the price so I negotiated £7000 of extras instead. The house builders rep advised me not inform my conveyancer about the deal as it may impact my mortgage with the lender. 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.
Due to the input of my in-laws I had a survey completed on a house in Flitwick ahead of instructing lawyers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some lenders may refuse to grant a loan on this type of property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you contact us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Flitwick. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Flitwick to see if the conveyancing will be more expensive.
What does commercial conveyancing in Flitwick cover?
Non domestic conveyancing in Flitwick incorporates a broad array of services, provided by qualified solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Am I best advised to choose a Flitwick conveyancing solicitor based in the location that I am purchasing? I have an old university friend who can conduct the legal work but his firm is located 300miles drive away.
The benefit of a local Flitwick conveyancing firm is that you can visit the firm to execute documents, deliver your ID and pester them where appropriate. Having local Flitwick know how is a bonus. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and they were impressed that must trump using an unfamiliar Flitwick conveyancing solicitor just because they are local.
We own a leasehold flat in Flitwick. Conveyancing was completed in last year. I have read on numerous advice forums that I mustn’t let the the remaining lease term to fall too short. Is this correct?
Flitwick leasehold properties are for a prescribed term - often 99 years when they started. However a significant appartments in Flitwick were constructed or converted in the 60’s and so such leases now have less than 80 years remaining. That may seem like a long time however Banks, Building Societies and other mortgage lenders on the whole require leases to have at least 75 years unexpired to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To increase the saleability of your property you should be considering whether or not to extend your lease well in advance of selling the property. Furthermore advantages to taking action before the lease hits eighty years as when the lease is below 80 years the amount to be paid to extend starts to escalate.