The lawyer who assisted with my previous purchase has sent a quote for £1700 for freehold conveyancing in Castle Donington. I am looking to sell a modern property for £200,000. Is this expensive? Is it in excess of what I should be paying for conveyancing in Castle Donington?
The quote is fractionally on the high side. If you shop around you might get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, you maylive to regret choosing an an unknown solicitor. Remember to enquire that the solicitor can also act for your bank. Do employ our search tool to locate a Castle Donington conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Castle Donington.
I am buying a semi-detached house in Castle Donington. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Castle Donington you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Castle Donington.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Castle Donington?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Castle Donington. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Castle Donington with a loan from Lloyds TSB Bank. The developers refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not reveal to my solicitor about this side-deal as it may affect my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
I have been on the look out for a leasehold apartment up to £245,000 and found one round the corner in Castle Donington I like with open areas and railway links in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in Castle Donington in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage that many years will likely be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.