I'm in the process of changing my current homeowner mortgage to a Buy to Let Santander mortgage. I have been informed by my broker that I require a lawyer as part of the process. I had a chat the same Stapleford conveyancing practitioner who who completed the conveyancing when I initially bought the property. The fee calculation e-mailed to me of just over five hundred pounds has taken me by surprise as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The charges appear a little high. If you are prepared to spend time comparing costs you may be able to decrease the fees slightly by as much as £125. On the other hand, providing that you were happy with the service the firm provided you mightlive to regret opting for an a cheaper conveyancer. Remember to check that the solicitor can represent Santander. You can employ our search tool to find a Stapleford conveyancing firm on the Santander conveyancing panel, which can often include conveyancing solicitors in Stapleford.
We are about to sign contracts for a ground floor flat in Stapleford. We encountered a stumbling block. Our loan offer with Nottingham Building Society runs out on 18/5/2023 but the owners are putting forward a completion date of 22/5/2023. Can one extend the loan expiry date?
The person best placed to address this issue is your lawyer who will hopefully determine whether he or she is corresponding with the mortgage broker, vendor’s representatives, estate agents or indeed all parties given the circumstances your house move as of today.
I am purchasing my first flat in Stapleford with the aid of help to buy. The builders refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not inform my conveyancer about the side-deal as it may put at risk my mortgage with the bank. 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.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a straight forward, chain free conveyancing. Stapleford is the location of the property. What do you suggest?
Flying freeholds in Stapleford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stapleford you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stapleford may determine 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 residence.
I am one month into a leasehold purchase having been directed to a firm by the local agent to do our conveyancing in Stapleford. We are not happy. Can you you assist me in finding new conveyancers?
A lawyer would have to be really poor to suggest changing them. Has the mortgage been generated? In the event that it has you will need to advise them of the new contact details and get the mortgage documents are re-sent. Your solicitor ideally needs to be on the lenders panel to avoid supplemental fees and complications. That should be your starting point. Our find a solicitor tool should help you find a lender approved solicitor for your home move in Stapleford
I’m about to sell my garden flat in Stapleford. Conveyancing has not commenced, but I have just had a yearly maintenance charge invoice – should I leave it to the buyer to sort out?
It best that you pay the service charge as usual as all ground rent and service invoices will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I purchased a 2 bed flat in Stapleford, conveyancing having been completed July 2000. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Stapleford with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 yearly. The lease finishes on 21st October 2077
You have 54 years remaining on your lease the likely cost is going to range between £32,300 and £37,400 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.