Can your site be used to locate a Conveyancing solicitor in Potton even where I’m not buying or selling a house, for instance if I wish to acquire a shop in Potton with a mortgage from Accord Mortgages Ltd?
The service is primarily used to locate domestic conveyancing solicitors in Potton but we have set out towards the bottom of this page a selection of Potton commercial conveyancing firms. You should speak with the firm directly to check if they can also act for Accord Mortgages Ltd
Our bank has recommended a law firm on their panel based in Potton but I would rather instruct a conveyancing lawyer in Potton or nearer to where I live. Can you help?
The minority of Potton conveyancing firms are approved and listed on all lender’s conveyancing panel. Use the above search tool to locate a Potton conveyancing conveyancer on the on the bank panel.
I'm buying my first flat in Potton with a loan from National Westminster Bank. The sellers would not budge the amount so I negotiated 6k of fixtures and fittings instead. The estate agent told me not reveal to my conveyancer about the extras as it will adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.
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.
Due to the encouragement of my in-laws I had a survey completed on a house in Potton ahead of retaining solicitors. I have been advised that there is a flying freehold element to the property. My surveyor advised that some lenders tend not issue a mortgage on such a house.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Potton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Potton to see if the conveyancing will be more expensive.
How simple is it to use your search app to find a conveyancing practitioner in Potton on the approved list for my lender?
First choose a mortgage company such as Halifax, The Mortgage Works or Aldermore then specify your preferred area e.g. Potton. Conveyancing practices in Potton and across England and Wales will then be shown.
I am a negotiator for a busy estate agency in Potton where we have experienced a few leasehold sales jeopardised as a result of short leases. I have been given conflicting advice from local Potton conveyancing firms. Please can you shed some light as to whether the owner of a flat can start the lease extension process for the buyer?
As long as the seller has owned the lease 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 proposed purchaser need not have to wait 2 years for a lease extension. 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.
Alternatively, it may be possible 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 bought a 1 bedroom flat in Potton, conveyancing was carried out in 1998. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Potton with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ends on 21st October 2078
You have 55 years remaining on your lease the likely cost is going to span between £31,400 and £36,200 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.