I have justbecome aware that Action Conveyancing have closed. They conducted my conveyancing in Crediton for a purchase of a leasehold flat 9 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The easiest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Crediton conveyancing specialists.
I'm purchasing my first flat in Crediton with the aid of help to buy. The developers refused to reduce the price so I negotiated five thousand pounds worth of extras instead. The property agent advised me not to tell my conveyancer about the extras as it will put at risk my loan with Birmingham Midshires. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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 need to retain a conveyancing solicitor for residential conveyancing in Crediton. I happened to stumble across a site which appears to be the ideal solution If there is a chance to get all this stuff completed via web that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am tempted by the attractive purchase price for a couple of flats in Crediton which have about fifty years remaining on the lease term. Will this present a problem?
There are plenty of short leases in Crediton. The 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 reduces and results in it becoming more costly to extend the lease. This is why it is generally wise to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We recommend you seek professional help from a solicitor and surveyor with experience in this area.
I invested in buying a garden flat in Crediton, conveyancing having been completed 5 years ago. How much will my lease extension cost? Corresponding properties in Crediton with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 per annum. The lease ends on 21st October 2081
With only 62 years left to run we estimate the price of your lease extension to be between £17,100 and £19,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.
My mum and dad are having difficulties in finding their Crediton land registry title on the online search facility. They recall that sixty years ago when they bought the property there were complications with Crediton not being recognised in some systems.
The vast majority of premises in Crediton should show up. Have you tried a search to just the postcode. Usually it will disclose all the properties inside the postcode. Where recorded it will show up with a title number. If they bought fifty years ago it's conceivable it may be unregistered. The address could still be revealed but with the title number shown 'na'. In this scenario you will need to find the original title documentation which may be with your parent’s lender.