Having sold my house in Marske and Upleatham last March but my buyer keeps e-mailing daily to moan that her solicitor needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
Following your house sale your conveyancer is committed to deliver the transfer deeds and all additional paperwork to the purchaser's solicitors. If applicable, your solicitor must also confirm that the mortgage has been repaid to the purchasers lawyers. There is unlikely to be post completion steps just for conveyancing in Marske and Upleatham.
I am purchasing my first flat in Marske and Upleatham with a mortgage from Skipton Building Society. The developers would not budge the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not disclose to my lawyer about this extras as it will affect my loan with Skipton Building Society. Is this normal?.
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.
I decided to have a survey completed on a house in Marske and Upleatham before instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some lenders will refuse to give a mortgage on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. If you call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Marske and Upleatham. Conveyancing may be slightly more expensive based on your lender's requirements.
How difficult is it to swap conveyancer as I have to appoint one who is on the National Westminster Bank conveyancing list. I was using a family conveyancing solicitor in Marske and Upleatham round the corner but she is not accepted by National Westminster Bank
We will our best to assist in finding you a conveyancing solicitor in Marske and Upleatham on the National Westminster Bank panel. Please note that the solicitors that we work with do not pay us a referral fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Marske and Upleatham. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Marske and Upleatham.
I have just started marketing my ground floor flat in Marske and Upleatham. Conveyancing lawyers have not yet been instructed, but I have recently had a yearly maintenance charge demand – Do I pay up?
It best that you clear the service charge as normal as all rents and maintenance charges should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies 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. This will smooth the conveyancing process.
I inherited a 2 bed flat in Marske and Upleatham, conveyancing was carried out in 1998. How much will my lease extension cost? Equivalent flats in Marske and Upleatham with an extended lease are worth £181,000. The average or mid-range amount of ground rent is £55 yearly. The lease ceases on 21st October 2070
With 51 years remaining on your lease we estimate the price of your lease extension to be between £30,400 and £35,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.