Do the Building Society Association intend to launch a searchable register to list solicitors on the Loughborough BS conveyancing panel for instance in Frampton on Severn?
We would not expect to be advised of any intention on the part of the BSA to develop such a tool.
I am downsizing from our home in Frampton on Severn and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street Frampton on Severn conveyancer would know that there is no such problem. For the life of me I don't know why the buyers used a factory type conveyancing firm rather than a conveyancing solicitor in Frampton on Severn. We have lived in Frampton on Severn for many years we know that this is a non issue. Should we contact our local Authority to obtain clarification need.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
Are there restrictive covenants that are commonly identified as part of conveyancing in Frampton on Severn?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Frampton on Severn. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing my first flat in Frampton on Severn benefiting from help to buy. The builders would not budge the amount so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not reveal to my solicitor about the deal as it may affect my loan with the lender. Do I keep my lawyer in the dark?.
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.
Should I be wary about third parties that I am dealing with are encouraging me to use a nationwide conveyancing firm rather than a High Street Frampton on Severn conveyancing company?
As is the case with many professional services, often input from connections can be extremely useful or valuable. But there are numerous people with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and lenders might all suggest solicitors to retain. Sometimes these lawyers might be known to one of the organisations as being good in their field, but occasionally there behind the scenes commercial relationship behind the endorsement. You have the right to choose your preferred conveyancer. Don't forget that some mortgage providers operate an approved list of law firms you are obliged to use for the lender aspect of your house move.
I have just started marketing my 2 bed flat in Frampton on Severn. Conveyancing solicitors are to be appointed soon, but I have recently received a yearly service charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is clear the service charge as usual given that all ground rent and maintenance payments should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I own a 2 bed flat in Frampton on Severn, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Frampton on Severn with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease expires on 21st October 2095
With just 74 years left to run we estimate the premium for your lease extension to span between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.