I am getting a mortgage with Nat West. I would like to retain the legal services of a Licensed Conveyancer in Thurston. Does the Nat West Solicitor panel allow for conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
Despite weeks of looking the Title Certificate and documents to our home are lost. The conveyancers who conducted the conveyancing in Thurston 4 years ago are no longer around. What are my next steps?
These day there are duplicates made of almost everything, and your lawyer will know precisely where to look for all the relevant paperwork so you can purchase or dispose of your house without any difficulty. Where copies are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities against future claims on the property.
I'm buying my first flat in Thurston benefiting from help to buy. The sellers refused to move on the amount so I negotiated £7000 of additionals instead. The estate agent told me not to tell my solicitor about the deal as it may put at risk my loan with the bank. 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 Thurston cover?
Thurston conveyancing for business premises covers a wide range of guidance, given by qualified solicitors, relating to business property. By way of 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 tenancies.
I today plan to offer on a house that appears to meet my requirements, at a great price which is making it more attractive. I have subsequently discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Thurston. Conveyancing lawyers have not yet been appointed. Will they explain the issues?
The majority of houses in Thurston are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in Thurston so you should seriously consider shopping around for a Thurston conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example obtaining the landlord’spermission to carry out changes to the property. You may also be required to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your lawyer will report to you on the legal implications.
I acquired a 1st floor flat in Thurston, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Thurston with an extended lease are worth £197,000. The ground rent is £55 yearly. The lease ceases on 21st October 2074
With just 55 years left to run the likely cost is going to range between £31,400 and £36,200 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.