I chose a high street lawyer for our conveyancing in Burton Latimer recently. Upon checking the fine print I notewe are liable for fees even if the dealfalls through. Should I go with them or select an on-line conveyancing brokerage advertising no completion no charge conveyancing in Burton Latimer?
Generally there is a concession along the lines that if "No Sale No Fee" is offered then the conveyancing charges will tend to be be uplifted to neutralise those cases that do not proceed. Do bear in mind that such promotions rarely protect you from expenses by way of example Burton Latimer conveyancing search charges.
I have a decision in principle. The lender mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel lawyer as I would much rather use a Burton Latimer based conveyancing firm?
Do check but the chances are that appoint one of their panel lawyers if you accept the "fee-free" incentive. Call the lender to explore if they offer you a cash alternative. Some banks have previously offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Burton Latimer.
It has been 2 months following my purchase conveyancing in Burton Latimer took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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'm purchasing my first flat in Burton Latimer with a mortgage from Halifax. The developers refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not reveal to my lawyer about this side-deal as it could impact my loan with the bank. Is this normal?.
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.
If all goes to plan we aim to complete the sale of our £225,000 garden flat in Burton Latimer in just under a week. The freeholder has quoted £360 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 flat conveyance in Burton Latimer?
Burton Latimer conveyancing on leasehold flats usually requires the buyer’s conveyancer sending questions for the landlord to address. Although the landlord is under no legal obligation to respond to these enquiries most will be willing to do so. They are entitled to levy a reasonable administration fee for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is over three hundred pounds, in some situations it exceeds £800. The management information fee demanded by the landlord must be sent together with a synopsis of entitlements and obligations in relation to administration charges, without which the invoice is technically not due. Reality however dictates that one has little option but to pay whatever is demanded should you wish to sell the property.
I am the registered owner of a studio flat in Burton Latimer, conveyancing having been completed 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Burton Latimer with a long lease are worth £260,000. The ground rent is £45 invoiced every year. The lease ends on 21st October 2093
You have 74 years unexpired the likely cost is going to be between £8,600 and £9,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.