Would the conveyancing lawyers that you recommend carry out right to buy conveyancing in Markfield?
We have identified a variety of conveyancing experts carrying out right to buy conveyancing matters Do e-mail the conveyancers listed to get a conveyancing quote.
My grandmother passed away last year and as sole heir and executor I was left the property in Markfield. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
If you plan to refinance then Bank of Ireland will insist on your using a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.
I'm purchasing my first flat in Markfield benefiting from help to buy. The developers would not budge the price so I negotiated 6k of extras instead. The estate agent suggested that I not reveal to my solicitor about the side-deal as it will 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.
I am looking for a leasehold apartment up to £195,000 and identified one near me in Markfield I like with open areas and railway links in the vicinity, the downside is that it only has 61 remaining years left on the lease. There is not much else in Markfield for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage the remaining unexpired lease term may be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
Can you offer any advice when it comes to appointing a Markfield conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for your lease extension (regardless if they are a Markfield conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Markfield conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be useful:
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If they are not ALEP accredited then what is the reason?
I purchased a ground floor flat in Markfield, conveyancing was carried out in 2001. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Markfield with over 90 years remaining are worth £190,000. The ground rent is £45 yearly. The lease runs out on 21st October 2087
With 62 years left to run we estimate the premium for your lease extension to span between £17,100 and £19,800 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 comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.
I require the services of a lender panel solicitor in Markfield. Could you help me?
Unfortunately it’s not apparent why you need a Markfield panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in Markfield are on their panel . If you do find such a firm in Markfield not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site