How do I investigate if the solicitor carrying out my conveyancing in Higham Wood is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Platform Home Loans Ltd thus spending £187.00 plus VAT in further conveyancing invoice.
Feel free to make use of the search tool on this web page. Pick the lender and type ‘Higham Wood’ or your preferred area and you will discover numerous conveyancers located in Higham Wood or nearest you.
I am assisting my step-mother sell her house in Higham Wood. Does the conveyancing solicitor commission the energy assessment or do I organise this?
Following the abolition of HIPs, EPC’s was retained a compulsory part of selling a house. An EPC needs to be to hand before the property is placed on the market. It is not as aspect of the sale process that solicitors normally organise. If you are instructing a Higham Wood conveyancing solicitor they might be able to arrange EPC’s due to their relationships with long established Higham Wood assessors
I happen to be the sole beneficiary of my late grandmother’s will with all property in now in my sole name, including the my former home in Higham Wood. Conveyancing formalities meant that the Land Registry date was in December. I now wish to sell up. I do know about the CML 6 month 'rule', meaning my property ownership may be regarded the same way as though I had purchased the property in December. Will no one buy the property for half a year?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How practical a view mortgage companies take of it, depend on the lender as this provision is chiefly there to capture subsales or the quick reselling of property.
I can not fathom if my mortgage offer requires a lease extension. I have called into my local Higham Wood building society branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Higham Wood conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
The solicitor must comply with the Council of Mortgage Lenders’ Handbook Part 2 requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I have todaybeen informed that Wolstenholmes have closed. They carried out my conveyancing in Higham Wood for a purchase of a leasehold apartment 18 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Higham Wood conveyancing specialists.
Just had an offer accepted on a new build flat in Higham Wood. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Higham Wood
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Due to the advice of my in-laws I had a survey completed on a house in Higham Wood prior to retaining lawyers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks tend not give a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Higham Wood. Conveyancing may be slightly more expensive based on your lender's requirements.
Having had my offer accepted I require leasehold conveyancing in Higham Wood. Before I set the wheels in motion I want to be sure as to the remaining lease term.
If the lease is registered - and most are in Higham Wood - then the leasehold title will always include the basic details 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 invested in buying a 1st floor flat in Higham Wood, conveyancing formalities finalised in 2012. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Higham Wood with a long lease are worth £180,000. The ground rent is £65 yearly. The lease comes to an end on 21st October 2084
With just 58 years left to run we estimate the premium for your lease extension to be between £22,800 and £26,400 as well as legals.
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 detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other 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 based on this information before seeking the advice of a professional.