My Solicitor in Kirton in Lindsey is not listed on the Accord Mortgages Ltd Solicitor Panel. Can I still use my prefered solicitor notwithstanding that they are not on the Accord Mortgages Ltd list of approved lawyers?
Your options are as follows:
- Complete the purchase with your existing Kirton in Lindsey solicitors but Accord Mortgages Ltd will need to instruct a lawyer on their list of acceptable firms. This will result in additional overall legal charges and result in frustration.
- Choose an alternative solicitor to act in the purchase, obviously checking they are on the Accord Mortgages Ltd panel
I'm purchasing my first flat in Kirton in Lindsey with a mortgage from Britannia. The sellers would not budge the amount so I negotiated 6k of additionals instead. The property agent suggested that I not inform my conveyancer about the deal as it would jeopardize my mortgage with the bank. 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.
How does the Landlord & Tenant Act 1954 affect my business property in Kirton in Lindsey and how can your lawyers assist?
The particular law that you refer to provides security of tenure to commercial leaseholders, granting the dueness to make a request to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Kirton in Lindsey is one of the numerous areas of the UK in which our lawyers are located
In my capacity as executor for the will of my aunt I am selling a house in Cardiff but reside in Kirton in Lindsey. My conveyancer (approximately 260 miles awayrequires that I sign a stat dec ahead of completion. Could you suggest a conveyancing lawyer in Kirton in Lindsey who can attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are Kirton in Lindsey based
What makes a Kirton in Lindsey lease defective?
Leasehold conveyancing in Kirton in Lindsey is not unique. All leases are unique and drafting errors can sometimes mean that certain provisions are erroneous. The following missing provisions could result in a defective lease:
A provision for the recovery of money spent for the benefit of another party.
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, The Mortgage Works, and Alliance & Leicester all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the buyer to withdraw.
I invested in buying a studio flat in Kirton in Lindsey, conveyancing having been completed in 1996. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Kirton in Lindsey with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 levied per year. The lease comes to an end on 21st October 2076
With only 57 years left to run we estimate the premium for your lease extension to span between £28,500 and £33,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered 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.