In the event thatI was to purchase a freehold propertyin Thurmaston for cash and dispense with a survey and no conveyancing searches how much should I expect to to save on my conveyancing in Thurmaston?
The sole saving you would achieve is the disbursement for searches. Your lawyer still got to do everything else - money laundering, communicating with the vendors property lawyer, SDLT return, register the property etc. You might save a bit for them not needing to register a mortgage but it will not be significant.
My wife and I own a terraced Georgian property in Thurmaston. Conveyancing practitioner represented me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold under the matching property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Thurmaston and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with your conveyancing practitioner who conducted the purchase.
I am buying a new build house in Thurmaston with a loan from Godiva Mortgages Ltd. The builders would not move on the price so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not to tell my lawyer about the side-deal as it could impact my loan with Godiva Mortgages Ltd. Is this normal?.
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.
My husband and I are first time buyers - had an offer accepted, yet the selling agent informed us that the vendor will only proceed if we instruct the agent's recommended solicitors as they need a ‘quick sale’. We would rather use a local conveyancer who is accustomed to conveyancing in Thurmaston
It is improbable the vendors are driving this. If they want ‘a quick sale', turning down a genuine buyer is is going to put the whole deal at risk. Bypass the agents and go straight to the owners and make the point that (a)you are serious buyers (b)you are ready to go, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to instruct your preferred Thurmaston conveyancing solicitors - as opposed tothe ones that will give the negotiator at the agency a kickback or achieve conveyancing thresholds demanded by head office.
Completion is due on the disposal of our £350,000 flat in Thurmaston in 10 days. The managing agents has quoted £384 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge such fees for a leasehold conveyance in Thurmaston?
Thurmaston conveyancing on leasehold maisonettes usually necessitates fees being invoiced by management companies :
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Addressing conveyancing due diligence questions
Where consent is required before sale in Thurmaston
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I invested in buying a studio flat in Thurmaston, conveyancing having been completed 4 years ago. How much will my lease extension cost? Corresponding flats in Thurmaston with over 90 years remaining are worth £216,000. The ground rent is £50 per annum. The lease finishes on 21st October 2094
With 69 years left to run the likely cost is going to be between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. 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. You should not move forward based on this information without first getting professional advice.