We were just about to exchange contracts for a property in Tewkesbury. We encountered a snag. Our loan offer with Birmingham Midshires expires on 5/7/2022 but the sellers are insisting on a completion date of 7/7/2022. Is it possible to extend the loan offer?
The person best placed to address this question is your conveyancer who will assess if they better off negotiating with the bank, seller’s solicitors, selling agents or conceivably all three taking into account what has gone on in your house move as of today.
There are plenty of conveyancing solicitors in Tewkesbury but how do I know who's good?
We would encourage you not to base your choice on the cheapest Tewkesbury conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
is it true that all Tewkesbury solicitor firms on the HSBC conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the HSBC conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. The majority of banks do allow licenced conveyancers on their panel in which case such practice would be overseen by the Council of Licensed Conveyancers.
How can we know in advance if a Tewkesbury conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in Tewkesbury getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the lawyer carrying out your conveyancing.
I'm purchasing a new build house in Tewkesbury benefiting from help to buy. The sellers would not move on the price so I negotiated 6k of fixtures and fittings instead. The estate agent told me not inform my conveyancer about this extras as it would 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.
What does commercial conveyancing in Tewkesbury cover?
Non domestic conveyancing in Tewkesbury covers a broad range of advice, given by regulated solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
I have been sourcing a conveyancing practitioner in Tewkesbury for my home move. Can I see a solicitor's record with the legal regulator?
Members of the public may read presented Solicitor Regulator Association (SRA) determinations arising from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. To find records Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA may monitor call for training reasons.
I am on look out for some leasehold conveyancing in Tewkesbury. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Tewkesbury - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I purchased a 2 bed flat in Tewkesbury, conveyancing having been completed in 2011. Can you work out an approximate cost of a lease extension? Equivalent flats in Tewkesbury with an extended lease are worth £197,000. The ground rent is £55 invoiced annually. The lease terminates on 21st October 2077
With 55 years left to run we estimate the price of your lease extension to range between £31,400 and £36,200 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.