I am purchasing a new build duplex in North Hykeham and my solicitor is informing me that she has to the lender to disclose incentives from the developer. I am on a tight deadline to exchange and I would rather not prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can your site be used to recommend a Conveyancing solicitor in North Hykeham even where I’m not buying or selling a house, for instance where I want to acquire an office in North Hykeham with a mortgage from Birmingham Midshires?
Our comparison service is predominantly there to locate domestic conveyancing solicitors in North Hykeham but we have set out towards the end of this page a selection of North Hykeham commercial conveyancing firms. You should make contact with the company directly to establish if they can also act for Birmingham Midshires
I am assisting my step-mother sell her flat in North Hykeham. Does the solicitor order the EPC or do I organise this?
After the demise of Home Information Packs, energy performance certificates remained a compulsory part of selling a property. An energy performance certificate must be to hand before the property is marketed. This is not as aspect of the sale process that conveyancers normally arrange. If you are instructing a North Hykeham conveyancing solicitor they may be willing to arrange EPC’s due to their relationships with long established North Hykeham accredited person
Can I be sure that the North Hykeham conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in North Hykeham seeking recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer handling your conveyancing.
Intending to buy a apartment in North Hykeham. 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 UBS 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 North Hykeham property lawyer is on the UBS conveyancing panel.
I am buying a new build house in North Hykeham with the aid of help to buy. The sellers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not inform my conveyancer about the side-deal as it may adversely affect my mortgage with the lender. Is this normal?.
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.
We're first time buyers - had an offer accepted, but the estate agent informed us that the seller will only issue a contract if we appoint their preferred conveyancers as they are insisting on an ‘expedited deal’. We would rather use a local conveyancer with experience of conveyancing in North Hykeham
It is unlikely the vendors are behind this. If they want ‘a quick sale', turning down a motivated buyer is not the way to achieve this. Contact the vendors directly and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you intend to use your preferred North Hykeham conveyancing lawyers - rather thanthose that will give their negotiator at the agency a referral fee or achieve conveyancing figures set by head office.
We expect to complete the disposal of our £125,000 maisonette in North Hykeham in 8 days. The managing agents has quoted £348 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in North Hykeham?
North Hykeham conveyancing on leasehold apartments typically involves fees being invoiced by management companies :
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Answering conveyancing due diligence enquiries
Where consent is required before sale in North Hykeham
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I purchased a ground floor flat in North Hykeham, conveyancing was carried out 4 years ago. How much will my lease extension cost? Corresponding properties in North Hykeham with over 90 years remaining are worth £260,000. The ground rent is £45 charged once a year. The lease ceases on 21st October 2098
With just 74 years left to run we estimate the price of your lease extension to be between £8,600 and £9,800 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. 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 move forward placing reliance on this information without first seeking the advice of a professional.