Is it realistic for conveyancing in Long Buckby to be done in under a month?

In the event that the seller is applying time constraints for your conveyancing we would recommend that your lawyer is familiar with the area as they will benefit local connections and knowledge. It is even conceivable that they may have transacted otherproperties in the same street. You would be best advised to use a Long Buckby conveyancing firm. In addition, check that the conveyancing firm is on the member panel. It is said that just under twenty per cent of Long Buckby conveyancing transactions are frustrated or jeopardised after discovering a purchaser’s lawyer was not on their mortgage lender’s panel. This can often result in the conveyancing being frustrated by an average of 21 days. It is said that this issue impacts approximately one hundred thousand home sales every year. Almost all Long Buckby conveyancing firms can not represent certain banks so do check at the outset.

My brother-in-law has suggested I instruct a conveyancing solicitor in Long Buckby. I need to find out whether they are on the Bank of Scotland approved list of lawyers. Can you or the lender confirm if they are on the panel?

The first thing you should do is e-mail your lawyer and ask them if they are on the lender panel. Alternatively you should get in touch with Bank of Scotland who may be able to confirm.

I am buying a new build house in Long Buckby with a loan from Halifax. The sellers refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The estate agent suggested that I not inform my lawyer about this extras as it may adversely affect my mortgage with the lender. Is this normal?.

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.

My husband and I are first time buyers - agreed a price, yet the property agent has warned us that the seller will only proceed if we use their chosen conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local solicitor used to conveyancing in Long Buckby

We suspect that the owner is not behind this requirement. If they want ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Try to communicate with the owners directly and make the point that (a)you are genuine buyers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you wish to move quickly (e)however you will continue to use your own,trusted Long Buckby conveyancing firm - not the ones that will give their negotiator at the agency a introducer fee or meet his conveyancing thresholds set by head office.

Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £300,000 maisonette in Long Buckby in just under a week. The managing agents has quoted £348 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in Long Buckby?

Long Buckby conveyancing on leasehold apartments usually involves the buyer’s solicitor submitting questions for the landlord to answer. Although the landlord is under no legal obligation to answer such questions most will be willing to do so. They are entitled to charge a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the paperwork that you are referring to is £350, in some transactions it is in excess of £800. The management information fee levied by the landlord must be accompanied by a summary of entitlements and obligations in relation to administration charges, without which the charge is not strictly payable. Reality however dictates that you have no choice but to pay whatever is requested of you should you wish to exchange contracts with the buyer.

I purchased a split level flat in Long Buckby, conveyancing was carried out in 2006. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Long Buckby with a long lease are worth £181,000. The average or mid-range amount of ground rent is £55 yearly. The lease comes to an end on 21st October 2076

With only 51 years left to run we estimate the premium for your lease extension to range between £30,400 and £35,200 plus professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously should 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.