Having been told to check out your organisation we were about to use a conveyancing solicitor in Littleport endorsed on your site but stumbled across some other estimates via the web seem cheaper – why is this?
There are plenty of solicitors promoting so-called cheap conveyancing, but additionalcharges end up with the final bill being escalated. In accordance with regulatory requirements costs set out in terms of engagement should be equitable raised The law firms that we list for conveyancing in Littleport set out all legal fees for a standard conveyancing transaction.
We had appointed solicitors located in Littleport on the Yorkshire BS solicitor panel. They are now charging me a supplemental sum for the legal aspects of the Yorkshire BS mortgage. Is this a supplemental conveyancing fee specified by Yorkshire BS?
Provided it is contained in their Terms of Engagement or Quote then yes your lawyer can charge a fee for this. This fee is not dictated by Yorkshire BS but by your Littleport solicitor. Numerous firms on the Yorkshire BS panel will charge an ‘acting for lender’ fee but some firms incorporate it on their overall fee.
I can not fathom if my lender requires a lease extension. I have telephoned my Littleport building society branch on numerous occasions and was reassured it wasn't an issue and they would lend. My Littleport conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend in accordance with their specific requirements. I simply don't know who is right.
The conveyancing practitioner has to comply with the CML Handbook section two provisions 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 lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
Planning on purchasing a apartment in Littleport. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Littleport property lawyer is on the Santander conveyancing panel.
My wife and I own a renovated Edwardian house in Littleport. Conveyancing solicitor represented me and Halifax. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Littleport and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing solicitor who conducted the conveyancing.
I am buying a new build house in Littleport with the aid of help to buy. The builders would not budge the amount so I negotiated five thousand pounds worth of extras instead. The estate agent told me not reveal to my solicitor about the extras as it could impact my mortgage with Birmingham Midshires. 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Littleport prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies tend refuse to grant a mortgage on this type of home.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Littleport. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Littleport to see if the conveyancing will be more expensive.
Completion is due on the sale of our £475,000 garden flat in Littleport next week. The management company has quoted £360 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Littleport?
Littleport conveyancing on leasehold flats usually involves the buyer’s conveyancer sending questions for the landlord to address. Although the landlord is not legally bound to answer these enquiries the majority will be content to assist. They are at liberty to levy a reasonable administration fee for responding to questions or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some situations it exceeds £800. The management information fee invoiced by the landlord must be sent together with a summary of entitlements and obligations in relation to administration fees, otherwise the charge is not strictly payable. In reality you have no option but to pay whatever is demanded if you want to sell the property.
I own a 1 bedroom flat in Littleport, conveyancing was carried out 9 years ago. 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 Littleport with an extended lease are worth £192,000. The average or mid-range amount of ground rent is £55 yearly. The lease expires on 21st October 2075
With just 54 years left to run we estimate the price of your lease extension to be between £32,300 and £37,400 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.