Is there a reason why leasehold purchase conveyancing in Leconfield is more expensive?
Leconfield leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I am close to exchanging contracts on the sale of our home in Leconfield and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any local conveyancer would know that there is no such problem. It does beg the question why the buyers are using an internet conveyancing practice as opposed to a conveyancing solicitor in Leconfield. We have lived in Leconfield for 5 years we know of no issue. Should we get in touch with our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I'm purchasing my first flat in Leconfield with a loan from HSBC Bank. The sellers refused to move on the price so I negotiated £7000 of extras instead. The estate agent told me not reveal to my conveyancer about this extras as it may jeopardize my loan with HSBC Bank. 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.
Due to the advice of my in-laws I had a survey completed on a house in Leconfield ahead of retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some lenders may refuse to issue a mortgage on such a home.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Leconfield. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm refinancing my current home to a BTL loan with Alliance & Leicester and intend to use the remaining equity as a down payment on further property. The neighborhood we are looking at is Leconfield. Will your conveyancers be able to act for the two banks and link together the transactions?
Do use our search tool on this page to ensure that the conveyancers are on the relevant lender panels. On the basis that they are the solicitor will be able to connect the two deals but you should talk with you lawyer and make clear your desired outcome and needs.