Recently contacted my conveyancing lawyer in Much Hadham who conducted the legals two years ago and wanted a conveyancing costs illustration based on an identical type of house sale & purchase (a leasehold property and a freehold property) of almost identical values with a mortgage from Skipton Building Society. It looks as though am now being quoted double. Better the devil I know or do I seek out a cheaper online property lawyer?
The estimate fees appear a tad high. If you you were to look around you might get the conveyancing a bit cheaper by perhaps £125. That being said, assuming were content with the legal work the firm provided you mightlive to regret choosing an an unknown lawyer. Remember to check that the firm can act for Skipton Building Society. You can employ our search tool to locate a Much Hadham conveyancing firm on the Skipton Building Society conveyancing panel, which can often include conveyancing solicitors in Much Hadham.
Would the conveyancing solicitors that you recommend perform right to buy conveyancing in Much Hadham?
We do have plenty of conveyancing firms carrying out right to buy conveyancing Do get in touch with the conveyancers listed in order to get a conveyancing quote.
I purchased my apartment on 5 August and the transaction details is not yet registered. Should I be concerned? My conveyancing solicitor in Much Hadham advises it would be registered in less than a month. Are properties in Much Hadham uniquely lengthy to register?
There is nothing unique about conveyancing in Much Hadham registration formalities. Rather than based on location, timeframes can adjust depending on who lodges the application, whether it is in order and if the Land registry must send notices to any interested parties. As of today approximately three quarters of such applications are completed within two weeks but occasionally there can be longer hold-ups. Registration is effected after the purchaser is living at the premises so an expedited registration is not always primary concern but if it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
I'm purchasing a new build house in Much Hadham with a mortgage from Clydesdale. The builders refused to budge the amount so I negotiated 6k of additionals instead. The estate agent advised me not disclose to my lawyer about this deal as it may jeopardize my mortgage with the bank. 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 employed by a long established estate agency in Much Hadham where we have witnessed a number of flat sales jeopardised due to leases having less than 80 years remaining. I have been given inconsistent advice from local Much Hadham conveyancing solicitors. Could you confirm whether the owner of a flat can start the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I acquired a basement flat in Much Hadham, conveyancing was carried out July 2003. 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? Comparable properties in Much Hadham with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 per annum. The lease runs out on 21st October 2099
With only 75 years unexpired the likely cost is going to be between £8,600 and £9,800 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.
My wife and I have selected a Much Hadham conveyancing solicitor for our house purchase (first time buyers) and have spotted in the terms and conditions that they are not regulated by the FCA. Am I right to be worried or is that standard with solicitor?
We can't see why they should be. Most property lawyer don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who have strict rules in relation to funds sitting on client account.