I am hoping to receive a offer of a home loan from Nat West. I intend to retain the legal services of a Licensed Conveyancer in Bedfordshire. Does the Nat West Conveyancing panel exclude Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when acquiring a residence in Bedfordshire?
Unless a previous purchase of the property took place post 12 October 2013 you can take it that lawyers handling conveyancing in Bedfordshire to continue to recommend a chancel search and or insurance against a claim.
Over the last few months I have been searching for a flat up to £235,500 and found one near me in Bedfordshire I like with a park and transport links in the vicinity, the downside is that it only has 51 years on the lease. I can't really find anything else in Bedfordshire for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan that many years may be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
We're first time buyers - had an offer accepted, yet the property agent informed us that the vendor will only issue a contract if we instruct their recommended lawyers as they need an ‘expedited deal’. We would rather use a local conveyancer who is accustomed to conveyancing in Bedfordshire
We suspect that the owner is not behind this requirement. Should the owner desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is not the way to achieve this. Try to communicate with the vendors directly and explain that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you will continue to instruct your preferred Bedfordshire conveyancing firm - rather thanthose that will provide the negotiator at the agency a commission or meet his conveyancing targets set by corporate headquarters.
We expect to complete our sale of a £150,000 garden flat in Bedfordshire in just under a week. The managing agents has quoted £408 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Bedfordshire?
Bedfordshire conveyancing on leasehold apartments ordinarily involves administration charges invoiced by managing agents :
Answering pre-exchange questions
Where consent is required before sale in Bedfordshire
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Bedfordshire - Examples of Questions you should consider Prior to buying
It is important to be aware if changing the roof or some other major work is due in the foreseeable future that will be shared between the leaseholders and will dramatically increase the the maintenance fees or necessitate a one off payment. How long is the Lease? What is the maintenance charge and ground rent on the property?