I can't travel far from Ottery St Mary. What is the rationale as to why all Ottery St Mary lawyers aren't included on all mortgage company panels?
Even though it may seem unfair for mortgage companies to limit who can act for them, from the public’s or solicitor’s point of view, the the contrary view is that lending institutions are increasingly anxious and feel it vital to shield themselves against mortgage fraud. As a result of this concern lenders are limiting their conveyancing panel to a manageable size.
How up to date is your database of Ottery St Mary solicitors on the Leeds Building Society conveyancing panel? Do Leeds Building Society send you an updated list?
Ottery St Mary conveyancing firms themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.
It has been five months following my purchase conveyancing in Ottery St Mary took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying my first flat in Ottery St Mary with the aid of help to buy. The builders refused to budge the amount so I negotiated 6k of extras instead. The property agent suggested that I not inform my lawyer about this side-deal as it may impact my loan with Platform Home Loans Ltd. 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 need to instruct a conveyancing practitioner in Ottery St Mary for my remortgage. Is it possible to check a solicitor's record with the profession’s regulator?
Anyone can find documented Solicitor Regulator Association (SRA) determinations resulting from investigations started on or after 1 January 2008. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA may recorded telephone calls for training purposes.
There are only Fifty years unexpired on my lease in Ottery St Mary. I now wish to extend my lease but my landlord is can not be found. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to prove that you or your lawyers have done all that could be expected to locate the lessor. On the whole an enquiry agent should be useful to try and locate and to produce an expert document which can be used as proof that the landlord can not be located. It is advisable to get professional help from a property lawyer in relation to devolving into the landlord’s absence and the application to the County Court overseeing Ottery St Mary.
I acquired a 2 bed flat in Ottery St Mary, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Ottery St Mary with an extended lease are worth £201,000. The ground rent is £45 per annum. The lease expires on 21st October 2087
With 64 years remaining on your lease the likely cost is going to be between £14,300 and £16,400 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.