My partner’s uncle is a solicitor. I hope that I will receive mate’s pricing for conveyancing, However if that does not come materialise, what kind of costs should I be expecting for conveyancing in Yeadon?
It’s sensible to seek two or three conveyancing quotes. Make use of our search tool on this site. Whilst prices do contrast greatly but service levels do differ between property lawyers as is the case with the vast majority of professional services.
I own a freehold house in Yeadon but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Yeadon and has limited impact for conveyancing in Yeadon but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I have an AIP. The bank mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel solicitor as I would much rather appoint a Yeadon based conveyancing firm?
Do check but the the likelihood is that give you one of their panel conveyancers if you accept the "fee-free" offer. Speak to the bank and ask if they allow a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Yeadon.
I am purchasing a new build house in Yeadon benefiting from help to buy. The developers refused to reduce the amount so I negotiated £7000 of additionals instead. The house builders rep told me not inform my lawyer about the extras as it could put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I am looking for a leasehold apartment up to £305k and found one near me in Yeadon I like with amenity areas and station nearby, however it only has 51 remaining years left on the lease. There is not much else in Yeadon suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage that many years may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.