I am in the market for a reasonably priced conveyancer. Do I opt for a web based conveyancer as opposed to a family Portland conveyancing lawyer?
Generally conveyancing lawyers in your location will enjoy good relationships with your local authority, which could help with the Portland conveyancing searches that your solicitor will inevitably need. It can only help if they enjoy strong connections with the Land Registry in your area Portland, other property lawyers in the location and Portland Estate Agents.
I'm purchasing a new build house in Portland with the aid of help to buy. The developers would not move on the price so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not reveal to my lawyer about the extras as it will impact my mortgage with Godiva Mortgages Ltd. 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.
What does commercial conveyancing in Portland cover?
Commercial conveyancing in Portland incorporates a broad array of advice, given by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
I am looking at a two apartments in Portland both have about fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Portland. The lease is a right to use the property for a prescribed time frame. As the lease gets shorter the saleability of the lease reduces and results in it becoming more costly to extend the lease. This is why it is often a good idea to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a solicitor and surveyor with experience in this field.
I am the registered owner of a leasehold flat in Portland, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Portland with a long lease are worth £202,000. The ground rent is £55 yearly. The lease expires on 21st October 2080
You have 56 years remaining on your lease we estimate the premium for your lease extension to be between £29,500 and £34,000 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.
I need to switch lawyers as my Portland lawyer is not on the lender's approved list of conveyancing solicitors. How simple is it to change conveyancer?
In the event that you have not formally instructed a solicitor to do anything for you and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Portland that you're considering.