Finally, a loan agreement from HSBC for the refinancing of my 3 room flat is to be issued any day now. Can you put forward a cheap conveyancing practitioner in Leicestershire?
You are on the wrong site if you are seeking a cheap conveyancing solicitors in Leicestershire. Our aim is to provide value for money conveyancing but we do not aim to work with the cheapest lawyers. Do not be swayed by companies teasing you with £99 conveyancing in Leicestershire. At best, in deciding on low cost conveyancing, you will earn what you pay for and at worst it will result in you being stung for additional fees and still not get the service required.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when purchasing a residence in Leicestershire? or Apparently there is a law dating back centuries that means some owners of property living in a parish church boundary will be compelled to contribute towards repairs towards the chancel within the church. Is this appropriate for conveyancing in Leicestershire?
Unless a previous purchase of the house took place after 12 October 2013 you can assume that conveyancing practitioners carrying out conveyancing in Leicestershire to continue to advocate a chancel search and or chancel repair liability insurance.
I'm purchasing a new build house in Leicestershire with a loan from Alliance & Leicester . The builders would not budge the price so I negotiated £7000 of extras instead. The property agent suggested that I not disclose to my solicitor about the deal as it would adversely affect my mortgage with Alliance & Leicester . Should I keep quiet?.
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 opted to have a survey completed on a property in Leicestershire in advance of retaining lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some mortgage companies may not grant a loan on a flying freehold home.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Leicestershire. Conveyancing will be smoother if you use a solicitor in Leicestershire especially if they regularly deal with such properties in Leicestershire.
Frank (my husband) and I may need to let out our Leicestershire basement flat temporarily due to a career opportunity. We instructed a Leicestershire conveyancing firm in 2001 but they have closed and we did not think at the time seek any advice as to whether the lease allows us to sublet. How do we find out?
A lease dictates the relationship between the freeholder and you the leaseholder; specifically, it will indicate if subletting is not allowed, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is permitted. The majority of leases in Leicestershire do not prevent an absolute prevention of subletting – such a clause would adversely affect the market value the flat. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a copy of the sublease.
I am the registered owner of a ground floor flat in Leicestershire, conveyancing was carried out April 2008. 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? Corresponding flats in Leicestershire with a long lease are worth £192,000. The ground rent is £55 invoiced every year. The lease expires on 21st October 2075
You have 54 years left to run we estimate the premium for your lease extension to span between £32,300 and £37,400 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.