We went with a Biggleswade based solicitor for my conveyancing in Biggleswade recently. Reviewing the Ts and Cs it is apparent thatwe are responsible for charges even where the conveyance does not complete. Should I ditch them and use a web based conveyancing brokerage advertising no completion no cost conveyancing in Biggleswade?
It is usually a trade off in that if "No Completion No Fee" is available then the fee levels will generally be higher to counteract those cases that abort. Do bear in mind that these arrangements generally do not protect you from outlay such your Biggleswade conveyancing search charges.
We are about to exchange on the purchase of a house in Biggleswade but as a consequence of damage from some water damage at the property I have was able negotiate recompense from the owner of £2k in the form of a reduction in the price. This was going to be addressed as part of the conveyancing process but Santander are not allowing this. Should they have been involved?
The lawyer that is on a Santander conveyancing panel is required to inform Santander of any amendments to the purchase price. If you prohibit your property lawyer to report the reduction to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new conveyancer for your conveyancing in Biggleswade.
How does conveyancing in Biggleswade differ for newly converted properties?
Most buyers of new build or newly converted property in Biggleswade contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Biggleswade typically buy 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 property lawyers 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 Biggleswade or who has acted in the same development.
My husband and I are novice buyers - had an offer accepted, but the property agent has warned us that the vendor will only issue a contract if we use their preferred solicitors as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Biggleswade
It is highly unlikely the vendors are behind this. If they desire ‘a quick sale', alienating a motivated purchaser is is going to put the whole deal at risk. Speak to the vendors direct and make sure they understand (a)you are genuine buyers (b)you are ready to go, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you intend to use your own,trusted Biggleswade conveyancing firm - not the ones that will provide their negotiator at the agency a commission or hit his conveyancing figures pre-set by head office.
I am looking at a two apartments in Biggleswade which have approximately fifty years left on the lease term. should I be concerned?
A lease is a legal document that entitles you to use the premises for a period of time. As the lease shortens the saleability of the lease deteriorates and results in it becoming more costly to extend the lease. For this reason it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this arena.
I purchased a studio flat in Biggleswade, conveyancing was carried out in 1999. How much will my lease extension cost? Similar flats in Biggleswade with an extended lease are worth £222,000. The ground rent is £50 levied per year. The lease ends on 21st October 2095
You have 71 years remaining on your lease we estimate the price of your lease extension to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.