Would the conveyancing lawyers that you recommend perform right to buy conveyancing in Sawtry?
We do have a variety of conveyancing practitioners carrying out right to buy transactions Please e-mail us with a view to get a costs calculation.
My lawyer in Sawtry is not listed on the Coventry Building Society Approved Panel. Can I still retain my prefered solicitor even though they are not on the Coventry Building Society approved list?
The limited options open to you here include:
- Carry on with your existing Sawtry lawyers but Coventry Building Society will need to use a solicitor on their panel. This will result in additional total conveyancing charges and cause frustration.
- Find an alternative solicitor to to deal with the purchase, remembering to check they are Persuade your conveyancer to use their best endeavours to join the Coventry Building Society conveyancing panel
Me and my brother own a semi-detached Georgian house in Sawtry. Conveyancing solicitor represented me and Leeds Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the exact same property. Is it worth asking Leeds Building Society to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Sawtry and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing lawyer who completed the work.
I am purchasing a new build house in Sawtry with the aid of help to buy. The builders refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not inform my solicitor about the extras as it may adversely affect my loan with Barclays . 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Sawtry is the location of the property. Can you shed any light on this issue?
Flying freeholds in Sawtry are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Sawtry you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sawtry may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
In relation to leasehold conveyancing in Sawtry what are the most frequent lease problems?
Leasehold conveyancing in Sawtry is not unique. Most leases are drafted differently and legal mistakes in the legal wording can result in certain sections are erroneous. The following missing provisions could result in a defective lease:
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Clauses dealing with recovering service charges for expenditure on the building or common parts. Service charge per centages that don't add up correctly leaving a shortfall
A defective lease can cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Nationwide Building Society, Barnsley Building Society, and Alliance & Leicester all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, forcing the purchaser to pull out.
I inherited a studio flat in Sawtry, conveyancing was carried out in 2010. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Sawtry with a long lease are worth £191,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ceases on 21st October 2075
With just 53 years remaining on your lease we estimate the price of your lease extension to be between £27,600 and £31,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you 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 you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.