My wife and I are about to complete on the purchase of a property in Saltburn By The Sea but as a result of wreckage from some water damage at the property I have managed to agree compensation from the seller of £3k in the form of a deduction in the price. This was going to be addressed as part of amending the contract yet Bank of Ireland are not allowing this. Should they have been notified?
Your conveyancer that is on the Bank of Ireland conveyancing panel is required to disclose to Bank of Ireland of any amendments to the purchase price. If you were to refuse your lawyer to report the price change to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new property lawyer for your conveyancing in Saltburn By The Sea.
I used Stirling Law a few years ago for my conveyancing in Saltburn By The Sea. Now, I need my documents but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Saltburn By The Sea of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am using a search engine for the words conveyancing in Saltburn By The Sea it brings up numerous property lawyerslocally. With so much choice what is the best way to find the right property lawyer for me?
The ideal method of seeking the right conveyancer is through a personal testimonial, so seek the counsel of friends and relatives who have acquired a property in Saltburn By The Sea or a reputable estate agent or financial adviser. Fees for conveyancing in Saltburn By The Sea vary, so it's a good idea to obtain a minimum of three quotes from different conveyancers. Be sure to seek confirmation what costs in the quote includes.
I am attracted to a couple of maisonettes in Saltburn By The Sea which have about fifty years left on the lease term. should I be concerned?
A lease is a right to use the property for a period of time. As a lease gets shorter the saleability of the lease deteriorates and results in it becoming more expensive to acquire a lease extension. For this reason it is advisable to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this area.
I inherited a 1st floor flat in Saltburn By The Sea, conveyancing formalities finalised 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Saltburn By The Sea with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 levied per year. The lease terminates on 21st October 2077
With 58 years unexpired we estimate the price of your lease extension to be between £22,800 and £26,400 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered 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.
Why do I have to send my solicitor with a list of items of ID before I can commence with my conveyancing in Saltburn By The Sea?
Saltburn By The Sea lawyers are obliged by the Law Society, SRA, HM Land Registry and current AML Regulations to record that the have checked the identity of their clients. It will also be a requirement of your mortgage offer. In addition they have to complete various forms, particularly those relating to stamp duty land tax and need to have information such as your full names, national insurance number and date of birth.