The property market in Lytchett Matravers is heating up. What can I do to expedite matters?

In a situation where you are under a tight deadline for your conveyancing it is highly recommended that your lawyer is familiar with the location as they will have local relationships and know-how. It is even conceivable that they could have handled previoushouses in the same street. You would be best advised to use a Lytchett Matravers conveyancing lawyer. In addition, make sure that the lawyer is on the member panel. It is estimated that just under twenty per cent of Lytchett Matravers conveyancing deals are frustrated or derailed after discovering a purchaser’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the conveyancing being held up by an average of 21 days. It is understood that this issue affects in the region of 100,000 home moves annually. Many Lytchett Matravers conveyancing practices can not represent certain lenders so do check at the outset.

We are buying a flat and require a conveyancing solicitor in Lytchett Matravers who is on the Nottingham conveyancing panel. Can you recommend a local firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Lytchett Matravers.

I'm purchasing a new build house in Lytchett Matravers with the aid of help to buy. The builders would not move on the price so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not reveal to my conveyancer about this extras as it will affect my loan with the lender. Should I keep quiet?.

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.

I only have 68 years remaining on my lease in Lytchett Matravers. I now wish to extend my lease but my freeholder is missing. What are my options?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. You will be obliged to demonstrate that you have done all that could be expected to track down the landlord. In some cases an enquiry agent may be helpful to carry out a search and to produce a report which can be accepted by the court as evidence that the freeholder is indeed missing. It is wise to seek advice from a conveyancer both on investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Lytchett Matravers.

I purchased a 1 bedroom flat in Lytchett Matravers, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Lytchett Matravers with a long lease are worth £211,000. The ground rent is £45 charged once a year. The lease comes to an end on 21st October 2091

With 67 years remaining on your lease the likely cost is going to be between £10,500 and £12,000 plus legals.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional 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 placing reliance on this information without first seeking the advice of a professional.

How and when do I pay stamp duty chargeable for my Lytchett Matravers property purchase?

Your conveyancing practitioner will fill out a stamp duty return for you as part of your Lytchett Matravers purchase transaction for signature. On completion your solicitor will submit your Land Transaction Return Form to the Inland Revenue and - as long as they have the money - discharge any land tax liability on your behalf.