We are purchasing a property in Old Stratford. I might seem paranoid but how we can trust a conveyancer? On the day of competition we will need to deposit money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My bid for a property was accepted at auction in Old Stratford. Conveyancing is needed. What is next?
Having to all intents and purposes signed on the dotted line you now have to hire the services of a conveyancing practitioner as a matter of priority as you are faced with a pending deadline in which to complete the purchase. An auction property will ordinarily have an associated legal pack. This will include the copy title deeds, local authority and drainage searches. In the case of leasehold property the legal papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You need to give this to the lawyer working for you as soon as possible. You also need to ensure that your finances are organised to complete on the date specified in the contract.
Two weeks ago we had a mortgage agreed in principle with Santander. Old Stratford conveyancing solicitors are instructed. How long does it take for Santander to forward the offer to the solicitor?
Some lenders take longer than others. Have Santander conducted the survey? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I'm purchasing a new build house in Old Stratford with a loan from Clydesdale. The builders would not move on the price so I negotiated five thousand pounds worth of additionals instead. The sale representative told me not reveal to my conveyancer about this deal as it could adversely affect my mortgage with Clydesdale. Should I keep quiet?.
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.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Old Stratford I like with amenity areas and station in the vicinity, however it only has 51 years on the lease. There is not much else in Old Stratford suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
My husband and I are 17 days into a leasehold purchase having been referred to conveyancers by the local agent to carry out the conveyancing in Old Stratford. I am am very disappointed with the level of service. Can you help me find new conveyancers?
They would have to be really bad to suggest diss instructing them. Has the mortgage offer been issued? If so you will need to make them aware of the replacement solicitor and ensure the offer are re-issued. Your solicitor ideally should be on the mortgage company approved list to avoid added fees and delays. So that should be your starting point. The search tool should assist you in finding a lender approved conveyancer for your conveyancing in Old Stratford
Having had my offer accepted I require leasehold conveyancing in Old Stratford. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
If the lease is registered - and almost all are in Old Stratford - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a 2 bed flat in Old Stratford, conveyancing formalities finalised August 2003. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Old Stratford with a long lease are worth £175,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease ceases on 21st October 2083
You have 58 years unexpired the likely cost is going to range between £23,800 and £27,400 plus costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
I have been told by various estate agents to expect 6-8 weeks for Old Stratford conveyancing to complete.This was four weeks ago. The paperwork was only forwarded from the vendors conveyancing practitioner yesterday so does the time start running now?
No definitive time frame exists for conveyancing in Old Stratford. Conveyancing is subject to many variable. Old Stratford conveyancing searches in and of themselves may take up to month to be returned.