I am in the market for a reasonably priced conveyancer. Do I opt for an internet conveyancer rather than a high street Great Shelford conveyancing solicitor?
Generally conveyancing lawyers in your area will benefit from strong alliances with your local authority, which can help with the Great Shelford conveyancing searches that your solicitor will need to carry out. It also helps if they enjoy strong connections with the Land Registry in your area Great Shelford, other lawyers in the area and Great Shelford property agents.
4 months have elapsed since my purchase conveyancing in Great Shelford concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. 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'm buying a new build house in Great Shelford with a mortgage from Norwich and Peterborough Building Society. The builders refused to move on the amount so I negotiated £7000 of additionals instead. The house builders rep advised me not to tell my lawyer about this side-deal as it could jeopardize my mortgage with the bank. Should I keep quiet?.
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 encouragement of my in-laws I had a survey completed on a house in Great Shelford in advance of appointing lawyers. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies may refuse to grant a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Great Shelford. Conveyancing will be smoother if you use a solicitor in Great Shelford especially if they are accustomed to such properties in Great Shelford.
My father has urged me to use his conveyancing solicitors in Great Shelford. Should I choose my own conveyancer?
There are no two ways about it the ideal way to find a conveyancing practitioner is to get referrals from friends or family who have used the solicitor that you are considering.
I am in need of some leasehold conveyancing in Great Shelford. Before I get started I require certainty as to the number of years remaining on the lease.
If the lease is registered - and 99.9% are in Great Shelford - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a 1st floor flat in Great Shelford, conveyancing was carried out 4 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Great Shelford with an extended lease are worth £180,000. The ground rent is £65 charged once a year. The lease runs out on 21st October 2079
With 58 years unexpired we estimate the price of your lease extension to range between £21,900 and £25,200 plus professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures 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 seeking the advice of a professional.