We hope to to purchase with Melton Mowbray Building Society. I dropped in 3 or 4 local companies but am unable to find a Peterborough conveyancing firm on the Melton Mowbray Building Society approved list. Could you assist?
Please do take advantage of the find a lender approved solicitor tool on this web page. Please choose the lender and type Peterborough or your location and you will see a number of lawyer located in Peterborough or by proximity to you.
Despite weeks of looking the Title Certificate and documents to my home are lost. The conveyancers who did the conveyancing in Peterborough 10 years ago no longer exist. What are my next steps?
Assuming the title is registered the details of your proprietorship will be documented by HMLR under a Title Number. It is easy to carry out a search at the Land Registry, identify your property and secure up to date copies of the Registered Entries for less than a fiver. Where the property is Leasehold then the Land Registry will usually retain a file copy of the Registered Lease and again, a copy can be retrieved for twenty pounds.
I am purchasing my first flat in Peterborough with a mortgage from Nationwide Building Society. The builders refused to reduce the price so I negotiated 6k of additionals instead. The estate agent suggested that I not reveal to my solicitor about the side-deal as it will adversely affect my mortgage with Nationwide Building Society. 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.
I am downsizing from my home. My former solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Peterborough if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Peterborough. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I am tempted by the attractive purchase price for a two flats in Peterborough both have about forty five years left on the lease term. should I be concerned?
There are plenty of short leases in Peterborough. The lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease shortens the marketability of the lease decreases and results in it becoming more expensive to extend the lease. This is why it is advisable to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We recommend you get professional help from a conveyancer and surveyor with experience in this area.
I bought a basement flat in Peterborough, conveyancing formalities finalised December 2009. Can you work out an approximate cost of a lease extension? Similar properties in Peterborough with over 90 years remaining are worth £227,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease ends on 21st October 2097
You have 72 years left to run the likely cost is going to be between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.
My partner and I are purchasing a first floor flat in Peterborough. At the point of instructing our conveyancer, they said that they were on all mainstream mortgage company panels. Our mortgage broker emailed today to advise that they are not on the Santander approved list. Should that be true, what should we do? Should we simply find a different conveyancing practitioner that is on their panel or do we pay for separate representation, with Santander selecting their own approved lawyer.
When acquiring a property with the benefit of a mortgage it is conventional for the buyer’s solicitors to also represent the purchaser's lender. In order to act for a bank or building society a property lawyer has to be on that lender's list of approved lawyers. An application has to be made by the conveyancing practitioner to the lender to become a member of the lender's panel and there are increasingly strict criteria which the conveyancer has to satisfy. Some lenders now require their panel firms to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancing practitioner should contact Santander to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on Santander's conveyancing panel as you are at liberty to use your preferred Peterborough lawyers, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.