Do the Building Society Association intend to launch a search tool with a view to to identify law firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Bourne End?
Lexsure has not been advised of any plans on the part of the BSA to promote such a search facility.
five months have gone by following my purchase conveyancing in Bourne End completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build house in Bourne End with a loan from Barclays . The developers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not reveal to my conveyancer about this deal as it would affect my loan with Barclays . Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £275,000 maisonette in Bourne End in just under a week. The landlords agents has quoted £312 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Bourne End?
Bourne End conveyancing on leasehold apartments often necessitates the buyer’s conveyancer submitting questions for the landlord to answer. Although the landlord is not legally bound to answer such questions most will be willing to assist. They may charge a reasonable administration fee for responding to enquiries or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The management information fee required by the landlord must be sent together with a synopsis of rights and obligations in respect of administration charges, without which the invoice is technically not due. In reality one has little choice but to pay whatever is requested of you should you wish to sell the property.
I bought a 1 bedroom flat in Bourne End, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Bourne End with over 90 years remaining are worth £191,000. The ground rent is £55 invoiced every year. The lease terminates on 21st October 2071
You have 53 years remaining on your lease we estimate the premium for your lease extension to range between £27,600 and £31,800 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.
I am seeking to purchase a repression property in Bourne End and the bank selling require completion inside a week. Do lawyers meet that timeframe? Am I best advised to select a high street Bourne End firm or an online conveyancer that professes to offer speedy conveyancing?
Visit your Bourne End high street. Go in to a couple of solicitor’s offices and request to see a conveyancing solicitor for an estimate. Explain your needs and get assurances on deadlines. Appoint the firm that appears most trustworthy. You need to select a conveyancing practitioner on the list of property lawyers acceptable to your mortgage company.