Can I use your services to recommend a Conveyancing solicitor in Newbury even where I’m not purchasing or disposing of a house, for instance if I intend to buy an office in Newbury with a mortgage from Bank of Scotland?
Our comparison service is primarily there to help choose residential conveyancing solicitors in Newbury but we have recorded towards the bottom of this page a selection of Newbury commercial conveyancing firms. You should make contact with the firm directly to see if they are also authorised to represent Bank of Scotland
I require expedited conveyancing in Newbury as I am under an ultimatum to complete in less than 4 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you have the choice not to have searches carried out although no law firm would recommend that you don't. With plenty of history conveyancing in Newbury the following are instances of issues that can be revealed and adversely impact future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
I'm buying a new build house in Newbury with a loan from Britannia. The sellers would not budge the price so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not disclose to my conveyancer about this side-deal as it would put at risk my loan with Britannia. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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'm refinancing my primary home to a buy to let mortgage with Halifax and intend to use the remaining equity as a deposit on a second house. The location we are interested in is Newbury. Will your solicitors be able to act for the two banks and tie in the transactions?
Do use our comparison tool on this site to check that the solicitors are approved by both mortgage companies. Assuming that they are the solicitor will be able to tie up the two transactions but you should talk with you conveyancer and specify your desired outcome and needs.
I am looking for a conveyancing solicitor in Newbury for my purchase. Is it possible to review a firm’s record with the legal regulator?
Anyone can search for documented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information Pre 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training reasons.
I am employed by a reputable estate agent office in Newbury where we see a number of flat sales put at risk as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Newbury conveyancing firms. Could you clarify whether the owner of a flat can commence the lease extension process for the buyer?
Provided that 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 buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.
An alternative approach is 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 buyer.
I am the registered owner of a 1st floor flat in Newbury, conveyancing was carried out 10 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Newbury with over 90 years remaining are worth £192,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease comes to an end on 21st October 2080
You have 54 years remaining on your lease we estimate the premium for your lease extension to be between £32,300 and £37,400 as well as legals.
The figure that we have given is 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 investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.