Would the conveyancing lawyers revealed through your search app handle right to buy conveyancing in Smithfield?
We work with numerous conveyancing experts who can handle right to buy conveyancing work Do e-mail the conveyancers listed with a view to secure a conveyancing quote.
It has been 4 months since my purchase conveyancing in Smithfield took place. I have checked the Land Registry website which shows that I paid £175,000 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 property 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'm purchasing my first flat in Smithfield with the aid of help to buy. The developers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep suggested that I not inform my lawyer about this extras as it may adversely affect my loan with the lender. Is this normal?.
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.
Due to the encouragement of my in-laws I had a survey completed on a property in Smithfield before appointing lawyers. I have been advised that there is a flying freehold element to the house. The surveyor has said that some banks may not give a mortgage on such a premises.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. If you call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Smithfield. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Smithfield to see if the conveyancing costs will increase in light of this.
Do I need to be concerned by 3rd parties that I am dealing with are recommending an online conveyancing firm as opposed to a High Street Smithfield conveyancing company?
As with lots of service providers, often suggestions from connections can be extremely useful or valuable. But there are numerous parties with a vested interest in a conveyancing transaction; estate agents, financial adviser and lenders may put forward lawyers to appoint. Sometimes these conveyancers might be known to one of the organisations as experts in their field, but sometimes there exists a commercial relationship behind the endorsement. You are at liberty to appoint your own conveyancer. You need to be aware that some lenders specify a panel list of lawyers you have to use for the mortgage aspect of your conveyancing.
I own a leasehold flat in Smithfield. Conveyancing and Accord Mortgages Ltd mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1998. The conveyancing practitioner in Smithfield who previously acted has now retired. What should I do?
First make enquiries of HMLR to make sure that this person is indeed the registered owner of the freehold reversion. You do not need to instruct a Smithfield conveyancing firm to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a studio flat in Smithfield, conveyancing was carried out March 1997. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Smithfield with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease ends on 21st October 2073
With 53 years unexpired the likely cost is going to range between £27,600 and £31,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.