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Find a Lytchett Matravers Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Lytchett Matravers? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Lytchett Matravers conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Lytchett Matravers

The property market in Lytchett Matravers is hotting up. What can be done to speed up the buying process?

In the event that the seller is applying a tight deadline for your conveyancing it is advisable to make sure that your solicitor is familiar with the area as they will have local connections and knowledge. It is even conceivable that they could have transacted otherhouses in the same neighbourhood. You would be best advised to use a Lytchett Matravers conveyancing lawyer. In addition, be sure that the lawyer is on the on the approved list for your mortgage company. It is understood that 18% of Lytchett Matravers conveyancing transactions are suspended or derailed after finding out that a buyer’s lawyer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the conveyancing being delayed by an average of 21 days. It is understood that this issue impacts in the region of 100,000 home moves every year. Most Lytchett Matravers conveyancing practices can not act for certain mortgage companies so do check as early as possible.

2 months have gone by since my purchase conveyancing in Lytchett Matravers took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I'm buying my first flat in Lytchett Matravers with a loan from Santander. The developers refused to reduce the amount so I negotiated £7000 of additionals instead. The estate agent told me not reveal to my lawyer about the deal as it may put at risk my loan with Santander. Do I keep my lawyer in the dark?.

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.

In my capacity as executor for the estate of my grandmother I am disposing of a residence in Monmouth but live in Lytchett Matravers. My lawyer (based 260 kilometers from merequires that I execute a stat dec before completion. Could you suggest a conveyancing practitioner in Lytchett Matravers to attest this legal document for me?

strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are based in Lytchett Matravers

I have just started marketing my 2 bed flat in Lytchett Matravers. Conveyancing solicitors are to be appointed soon, however I have recently had a half-yearly service charge invoice – Do I pay up?

The sensible thing to do is pay the maintenance contribution as normal given that all ground rent and maintenance charges will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

I acquired a leasehold flat in Lytchett Matravers, conveyancing formalities finalised August 2010. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Lytchett Matravers with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ends on 21st October 2095

With only 71 years unexpired the likely cost is going to span between £9,500 and £11,000 as well as 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 detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.

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