Can I be sure that the Eaton Bray conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Eaton Bray seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor handling your transaction.
We were going to get a DIP from RBS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do RBS recommend any Eaton Bray solicitors on the RBS conveyancing panel, or is it better to go independently?
You will need to appoint Eaton Bray solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
Santander have agreed my home loan in principle, my bid on a flat in Eaton Bray has been accepted, what are the next steps?
Your property agent will wish to be informed of your conveyancer's details (be sure the lawyers are on the bank’s panel). Telephone Santander or your broker and finalise any appropriate forms. Santander will appoint a valuer who will get in touch with the estate agent or vendor to arrange a time for the valuation to take place. Once carried out (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Santander will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Eaton Bray.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when purchasing a house in Eaton Bray?
Unless a prior purchase of the house completed post 12 October 2013 you can take it that solicitors handling conveyancing in Eaton Bray to continue to suggest a chancel search and or chancel repair liability policy.
The estate agent has sent us the confirmation of our purchase of a new build flat in Eaton Bray. Conveyancing is daunting 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 legal work.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Eaton Bray
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan. 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? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a great price which is making it more attractive. I have just discovered that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Eaton Bray. Conveyancing lawyers have are about to be appointed. Will they explain the issues?
Most houses in Eaton Bray are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Eaton Bray so you should seriously consider looking for a Eaton Bray conveyancing practitioner and be sure that they are used to advising on leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the landlord’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the maintenance of the estate where the property is located on an estate. Your solicitor will appraise you on the various issues.
I own a basement flat in Eaton Bray, conveyancing having been completed in 2000. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Eaton Bray with a long lease are worth £190,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease ends on 21st October 2082
With only 62 years unexpired we estimate the premium for your lease extension to range between £17,100 and £19,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.
I am short of a 10% deposit on my apartment purchase in Eaton Bray , but I am anxious exchange. Do I have options?
One option is to try and accept a lower deposit. Most property owners will agree to a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment