After what seems like an age a loan agreement from HSBC for the refinancing of my single bedroom apartment is to be issued within the next few days. Could you put forward a cheap conveyancing law firm in Maldon?
You are on the wrong site if you are in need of the cheapest conveyancing solicitors in Maldon. Our intention is to offer excellent value conveyancing but we do not advertise as being the cheapest. Do not be swayed by brokers teasing you with ninety nine pound conveyancing in Maldon. The optimum outcome, in being led by cheap conveyancing, you will get your money’s worth and at worst it will result in you paying a lot in extras and still not receive the service you were looking for.
Our nephew is purchasing a newly built flat in Maldon with a home loan from Leeds Building Society. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Leeds Building Society conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am considering applying for a Virgin Money mortgage for purchase of a new build (under development) in Maldon with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Virgin Money ?
In theory, you could use a solicitor that is not on the Virgin Money conveyancing panel, but Virgin Money would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I have been on the look out for a leasehold apartment up to £235,500 and identified one round the corner in Maldon I like with amenity areas and station nearby, however it only has 51 years on the lease. I can't really find anything else in Maldon for this price, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the shortness of the lease may be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I have just appointed agents to market my 2 bed apartment in Maldon. Conveyancing lawyers have not yet been instructed, however I have just received a half-yearly service charge demand – Do I pay up?
The sensible thing to do is discharge the maintenance contribution as you normally would as all ground rent and maintenance charges will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless 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 invested in buying a studio flat in Maldon, conveyancing was carried out 10 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Maldon with an extended lease are worth £185,000. The ground rent is £65 charged once a year. The lease comes to an end on 21st October 2083
You have 61 years left to run we estimate the premium for your lease extension to be between £18,100 and £20,800 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
A licensed conveyancer acted on my conveyancing in Maldon half a dozen years past having stored my title documents but has since been shut down – how do I retreive these?
Deeds, as such, are no longer appropriate for the majority of properties in Maldon are recorded digitally at Land Registry. Should you need to establish evidence of proprietorship or are disposing of or refinancing your lawyer should obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned as quickly as possible.