I am under pressure from the executor of a property in Woodcote Green to sign contracts within four weeks. What can I do to expedite matters?
First, If you are under a tight deadline to complete it is highly recommended that your conveyancer is familiar with the area as they will make use of local contacts and insight. It is even conceivable that they may have handled otherhomes in the same street. Therefore consider using a Woodcote Green conveyancing firm. In addition, check that the lawyer is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Woodcote Green conveyancing transactions are frustrated or jeopardised after finding out that a buyer’s solicitor was not on their mortgage lender’s member panel. In many cases this discovery resulted in the legal transfer of property being delayed by an average of three weeks. It is understood that this issue affects in the region of 100,000 home sales every year. Almost all Woodcote Green conveyancing firms can not act for certain mortgage companies so do check at the outset.
Does a directory service exist listing RBS panel conveyancers in Woodcote Green on the Building Society Association’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings viewable on the web. Where you are in need of a Woodcote Green conveyancer on the RBS please make the most of our tool.
My partner and I are at the point of viewing flats in Woodcote Green and I am now considering a potential offer. Is it best to have a solicitor on ‘stand by’? I will be getting a home loan with Clydesdale.
It would be wise to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are taking out a mortgage with Clydesdale, make sure you remember to check that your lawyer is on the Clydesdale conveyancing panel.
Virgin Money have agreed my mortgage in principle, my offer on a property in Woodcote Green has been accepted, what happens next?
Your property agent will want to know who your solicitors are (be sure the lawyers are on the bank’s panel). Contact Virgin Money or your broker and finish off any appropriate documentation. Virgin Money will sellect a valuer who will get in touch with the selling agent or vendor to schedule a slot for the valuation to take place. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Virgin Money will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Woodcote Green.
I am looking for a flat up to £305k and found one near me in Woodcote Green I like with a park and transport links in the vicinity, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Woodcote Green in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage that many years may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
How can the Landlord & Tenant Act 1954 impact my business property in Woodcote Green and how can you help?
The 1954 Act provides a safeguard to commercial lessees, giving them the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Woodcote Green
I have just started marketing my 2 bed apartment in Woodcote Green. Conveyancing has not commenced, but I have just had a half-yearly maintenance charge invoice – what should I do?
It best that you discharge the service charge as normal given that all rents and maintenance charges should be allotted on completion, so you will be reimbursed by the buyer 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. This will smooth the conveyancing process.
Having spent months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Woodcote Green. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to decide the sum to be paid.
An example of a Lease Extension case for a Woodcote Green property is Ground Floor Maisonette 17 Milton Road in January 2014. The Tribunal determined the premium payable by the Applicant to the should be £13,299 This case related to 1 flat. The number of years remaining on the existing lease(s) was 71.73 years.
How much experience do your Woodcote Green conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Woodcote Green conveyancing lawyers help thousands of buyers move home every year and supported plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Woodcote Green conveyancers have worked on recent similar matters.