This question may be naive but I am unseasoned as FTB of a ground floor flat in Market Harborough. Do I collect the keys to the house on completion from my conveyancer? If this is the case, I will use a High Street conveyancing solicitor in Market Harborough?
On the day of completion you will not be required to go to the conveyancers office in Market Harborough. Your solicitors will arrange to send the completion advance to the seller's lawyers, and shortly after the monies have arrived, you should be called to receive the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
How can we tell if a Market Harborough conveyancing solicitor on the RBS panel is any good?
When it comes to conveyancing in Market Harborough seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor handling your transaction.
I have today made my last payment due on my mortgage with Nottingham. I assume I don't need a Market Harborough conveyancing practitioner on the Nottingham panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
I am buying a new build house in Market Harborough with the aid of help to buy. The developers refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not reveal to my lawyer about this extras as it would impact my mortgage with the bank. 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.
Is there anything unique about your site and alternative online quote calculators when it comes to conveyancing in Market Harborough?
At this site obtain a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Market Harborough. Unlike many estate agents and brokerage sites we do not operate kick-back deals with solicitors. Many agents and online brokers 'recommend' solicitors who pay the highest commission, rather than the best value conveyancing in Market Harborough
I’m about to sell my garden flat in Market Harborough. Conveyancing solicitors are to be appointed soon, however I have just received a yearly service charge invoice – what should I do?
It best that you clear the invoice as you normally would as all ground rent and service invoices should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until 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 purchased a 2 bed flat in Market Harborough, conveyancing having been completed 6 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Market Harborough with a long lease are worth £211,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease finishes on 21st October 2086
With just 67 years unexpired the likely cost is going to be between £10,500 and £12,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.
I am just shy of a 10% deposit on my flat purchase in Market Harborough , but I still want to exchange. What can I do?
You can accept a smaller deposit. Most property owners will accept a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute