We are buying a new build apartment in Tibshelf and my lawyer is informing me that she has to the lender to reveal incentives from the builder. The Estate Agents are hassling me to exchange and my preference is not to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My uncle advised me that in buying a property in Tibshelf there may be a number of restrictions prohibiting external changes to a property. Is this right?
We are aware of anumerous of properties in Tibshelf which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Tibshelf should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to lenders such as Santander, do Tibshelf lawyers incur a fee to be on the list of approved solicitors?
We are unaware of any mortgage company fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
I have paid off my mortgage with TSB. I assume I don't need a Tibshelf conveyancer on the TSB panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
Are there restrictive covenants that are commonly picked up as part of conveyancing in Tibshelf?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Tibshelf. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Tibshelf differ for newly converted properties?
Most buyers of new build or newly converted property in Tibshelf contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is finished. This is because builders in Tibshelf usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Tibshelf or who has acted in the same development.
I am downsizing from my home. My former solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Tibshelf if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Tibshelf. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
All being well we will complete the disposal of our £200,000 garden flat in Tibshelf on Friday in a week. The landlords agents has quoted £360 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge such fees for a flat conveyance in Tibshelf?
Tibshelf conveyancing on leasehold maisonettes normally requires the purchaser’s lawyer submitting enquiries for the landlord to answer. Although the landlord is under no legal obligation to address these enquiries the majority will be willing to assist. They may charge a reasonable administration fee for answering questions or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is £350, in some cases it is above £800. The management information fee invoiced by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration charges, otherwise the charge is not strictly payable. In reality one has no choice but to pay whatever is demanded should you wish to sell the property.
I purchased a 2 bed flat in Tibshelf, conveyancing formalities finalised in 2009. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Tibshelf with a long lease are worth £202,000. The ground rent is £55 charged once a year. The lease finishes on 21st October 2078
With just 56 years remaining on your lease we estimate the price of your lease extension to range between £29,500 and £34,000 as well as legals.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.