We are planning to buy with Norwich and Peterborough Building Society. I visited a few high street practices but cant to find a Kelvedon conveyancing firm on the Norwich and Peterborough Building Society approved list. Could you help?
Please do take advantage of the search tool on this web page. Pick the building society and type Kelvedon or your preferred area and you will discover numerous solicitors located in Kelvedon or by proximity to you.
I'm purchasing a new build house in Kelvedon with a mortgage from Halifax. The builders refused to move on the price so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not disclose to my conveyancer about this deal as it would put at risk my loan with Halifax. Is this normal?.
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 am downsizing from my property. My previous lawyers have shut. I would be grateful for any recommendation of a conveyancing firm. Im based in Kelvedon if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Kelvedon. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
My father has recommend that I appoint his lawyers for conveyancing in Kelvedon. Should I use them?
No doubt it’s preferable to find a conveyancing practitioner is to have recommendations from friends or relatives who have experience in using the conveyancer you're contemplating using.
I work for a reputable estate agent office in Kelvedon where we see a number of leasehold sales put at risk as a result of short leases. I have been given conflicting advice from local Kelvedon conveyancing solicitors. Can you shed some light as to whether the seller of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I invested in buying a split level flat in Kelvedon, conveyancing was carried out 5 years ago. How much will my lease extension cost? Similar flats in Kelvedon with an extended lease are worth £190,000. The ground rent is £65 charged once a year. The lease terminates on 21st October 2081
With only 61 years unexpired the likely cost is going to be between £19,000 and £22,000 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.