Various internet forums that I have frequented warn that are the number one reason for hinderance in Saffron Walden house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Saffron Walden.
I'm purchasing a new build house in Saffron Walden benefiting from help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not inform my solicitor about this side-deal as it may jeopardize my mortgage with the lender. Should I keep quiet?.
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.
How do I search for a Saffron Walden law firm on the National Westminster Bank conveyancing panel? I am a keen cyclist and am happy to travel upto 25kilometers to meet the solicitor.
You can use the facility on this page. Please choose the bank and your location and you will see a number of Saffron Walden conveyancing lawyers locally. We have detailed some Saffron Walden conveyancing firms at the bottom of this page and you can contact them to see whether they are on the National Westminster Bank approved list
There are only 62 years remaining on my flat in Saffron Walden. I am keen to extend my lease but my freeholder is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. However, you will be required to prove that you or your lawyers have made all reasonable attempts to locate the landlord. On the whole a specialist should be useful to conduct investigations and to produce a report to be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a property lawyer in relation to devolving into the landlord’s absence and the application to the County Court overseeing Saffron Walden.
I am the registered owner of a split level flat in Saffron Walden, conveyancing having been completed 5 years ago. How much will my lease extension cost? Corresponding properties in Saffron Walden with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease runs out on 21st October 2082
With just 64 years left to run we estimate the price of your lease extension to be between £15,200 and £17,600 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
I bought a property in Saffron Walden last 8/11/2017 and to date it is still not registered with the Land Registry. It was part of a development site and my lawyer told me that it may take over a year to complete the registration formalities. I have contacted HM Land Registry directly and they say that the initial application was cancelled due to failure to reply to requisitions. What can I do?
Call your lawyer - if you are not getting sensible responses, find out about their internal complaints procedure and escalate your problem to a Complaints Manager. Registrations for Saffron Walden conveyancing are not known to be significantly delayed.