Having sold my house in Gnosall last November yet the purchaser is e-mailing me to say their lawyer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your sale your solicitor is duty bound to send the transfer documentation and all additional paperwork to the buyer’s conveyancer. If applicable, your solicitor should also evidence that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There is unlikely to be post completion steps peculiar conveyancing in Gnosall.
I'm purchasing a new build house in Gnosall with a loan from . The developers would not budge the amount so I negotiated 6k of extras instead. The house builders rep suggested that I not to tell my solicitor about the side-deal as it could put at risk my mortgage 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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Gnosall is where the house is located. Is there any guidance you can impart?
Flying freeholds in Gnosall are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Gnosall you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gnosall may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am 3 weeks into a freehold purchase having been recommend to solicitors by the estate agent to execute conveyancing in Gnosall. I am not happy. Can you help me find new solicitors?
They would need to be very poor to suggest diss instructing them. Has your loan offer been issued? If so you will need to inform them of the new contact details and get the mortgage documents are re-sent. The solicitor ideally should be on the banks approved list to avoid escalating fees and frustration. So that should be your starting point. The find a solicitor tool should assist you in finding a bank approved solicitor for your home move in Gnosall
I invested in buying a 2 bed flat in Gnosall, conveyancing having been completed 1995. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Gnosall with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £45 yearly. The lease ceases on 21st October 50
With 50 years remaining on your lease the likely cost is going to span between £36,100 and £41,800 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.