Is the fact that my conveyancer in Chew Magna is not listed on my bank's conveyancing panel that there is a problem with the quality of his work?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Chew Magna conveyancing firm and ask them why they are no longer on the approved list for your mortgage company.
Me and my wife are buying our first home. Our conveyancing practitioner has messagedto enquire if we want to purchase additional conveyancing searches. Frankly we in the dark as to what's needed for conveyancing in Chew Magna
The number and type of Chew Magna conveyancing searches should be dictated primarily on the property, the location, the likelihood of any of these risks, your familiarity of the region and risks, your overall appetite to risk. What is important is that you adequately appreciate what information the searches could supply. You may then make a decision if you personally think you need that search. Should you be uncertain, ask your solicitor to guide you.
I am purchasing my first flat in Chew Magna with a mortgage from Skipton Building Society. The builders refused to move on the price so I negotiated 6k of additionals instead. The house builders rep told me not disclose to my lawyer about the side-deal as it may affect my loan with Skipton Building Society. 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 Chew Magna cover?
Chew Magna conveyancing for business premises incorporates a wide array of advice, given by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Helen (my wife) and I may need to let out our Chew Magna ground floor flat temporarily due to a career opportunity. We instructed a Chew Magna conveyancing firm in 2003 but they have since shut and we did not think at the time seek any guidance as to whether the lease allows us to sublet. How do we find out?
Even though your last Chew Magna conveyancing lawyer is not available you can review your lease to see if you are permitted to let out the property. The rule is that if the deeds are silent, subletting is permitted. There may be a precondition that you need to obtain consent from your landlord or other appropriate person in advance of subletting. The net result is that you cannot sublet without first obtaining consent. Such consent is not allowed to be unreasonably refused ore delayed. If your lease does not allow you to sublet you should ask your landlord if they are willing to waive this restriction.
I bought a ground floor flat in Chew Magna, conveyancing was carried out 4 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Chew Magna with an extended lease are worth £190,000. The ground rent is £45 invoiced annually. The lease ends on 21st October 2087
With 62 years left to run we estimate the price of your lease extension to be between £17,100 and £19,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account 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 getting professional advice.