I am looking for value for money conveyancer. Should I go for for a web based conveyancer or a high street Cambridge conveyancing solicitor?
Existing third party connections is an important consideration when appointing conveyancing solicitors. Cambridge conveyancers enjoy connections with lenders and agents, local authorities, surveyors and other conveyancing firms meaning you will move in shortest possible time. Hosting a sound experience in the local area is an advantage.
All was ready to complete my purchase in Cambridge next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. What risks does the bank expect the insurance to cover?
All property lawyers on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 conditions. These requirements are not specific to conveyancing in Cambridge.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Cambridge. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Cambridge
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I have been on the look out for a ground for flat up to £245,000 and found one near me in Cambridge I like with amenity areas and transport links nearby, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Cambridge in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan that many years will be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
How easy is it to use your search tool to get a fee calculation from a conveyancing solicitor in Cambridge on the approved list for my lender?
First select a bank such as Yorkshire Building Society, The Mortgage Works or Platform Home Loans Ltd then choose your preferred area a common one being Cambridge. Conveyancing firms in Cambridge and further afield should be identified.