My partner and I are purchasing a new build flat in Seaton Delaval and my lawyer is telling me that she has to the mortgage company to reveal incentives from the developer. I am nearing the developer’s deadline to exchange contracts and I don't want to delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
What does commercial conveyancing in Seaton Delaval cover?
Commercial conveyancing in Seaton Delaval incorporates a broad range of services, provided by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
As co-executor for the will of my grandfather I am disposing of a residence in Newport but live in Seaton Delaval. My lawyer (based 235 miles awayrequires that I sign a stat dec prior to completion. Can you recommend a conveyancing solicitor in Seaton Delaval who can witness and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are based in Seaton Delaval
I am in need of some leasehold conveyancing in Seaton Delaval. Before diving in I require certainty as to the remaining lease term.
Assuming the lease is registered - and almost all are in Seaton Delaval - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a leasehold flat in Seaton Delaval, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Seaton Delaval with over 90 years remaining are worth £195,000. The ground rent is £45 levied per year. The lease ends on 21st October 2081
With 63 years remaining on your lease we estimate the price of your lease extension to span between £16,200 and £18,600 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. 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 considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
My parents are unable to locate their Seaton Delaval property on the HM Land Registry online search facility. They have a vague memory back in the 70’s when they acquired the property there were complications with the post code not being identified on some systems.
The vast majority of residences in Seaton Delaval should be revealed. Have you attempted a search to simply the postcode. Normally it will reveal all the residences within that postcode. Assuming the property is registered it will be there with a title number. Where they bought 48 years ago it's conceivable it may be unrecorded. The property could still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title documentation which might be with your parent’s lender.