I used Action Conveyancing several years ago for my conveyancing in Hanslope. Now, I need the documents but cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hanslope of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing a new build house in Hanslope with a loan from Skipton Building Society. The developers would not budge the amount so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not inform my conveyancer about this extras as it would adversely 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.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, no chain conveyancing. Hanslope is where the house is located. Is there any guidance you can give?
Flying freeholds in Hanslope are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hanslope you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hanslope may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Can you provide any top tips for leasehold conveyancing in Hanslope with the purpose of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Hanslope can be bypassed if you get in touch lawyers the minute you market your property and ask them to collate the leasehold information which will be required by the buyers’ solicitors. If there is a history of conflict with your landlord or managing agents it is very important that these are resolved before the property is marketed. The purchasers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is clearly preferable to present the dispute as historic as opposed to ongoing. You believe that you know the number of years remaining on your lease but it would be wise to verify this by asking your solicitors. A buyer’s lawyer will be unlikely to recommend their client to to exchange contracts if the lease term is below 75 years. It is therefore important at an early stage that you identify whether the lease term for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. Many landlords or Management Companies in Hanslope levy fees for supplying management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Hanslope. In the event that you altered the property did you need the Landlord’s approval? Have you, for example installed wooden flooring? Hanslope leases often stipulate that internal structural changes or installing wooden flooring calls for a licence issued by the Landlord acquiescing to such alterations. If you dont have the paperwork in place do not communicate with the landlord without contacting your conveyancer before hand.
I invested in buying a 1st floor flat in Hanslope, conveyancing formalities finalised September 2005. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Hanslope with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 per annum. The lease expires on 21st October 2078
With only 53 years unexpired we estimate the price of your lease extension to be between £27,600 and £31,800 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
I am unable to travel my Hanslope conveyancing practitioners office to sign documents for conveyancing in Hanslope – is this a problem?
You need not be concerned. Hanslope conveyancing lawyers can conduct conveyancing transactions for clients nationwide. You are unlikely to be required to meet your lawyer in the flesh at a Hanslope conveyancers office. They can handle all communications remotely from their Hanslope premises.