We see that you have a post code search directory identifying firms on the TSB conveyancing panel. Do companies pay you a commission if I retain them for our conveyancing in Yateley?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Yateley.
Various internet forums that I have frequented warn that are a common cause of hinderance in Yateley house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Yateley.
I'm buying my first flat in Yateley with a mortgage from Alliance & Leicester . The developers would not reduce the amount so I negotiated 6k of extras instead. The house builders rep suggested that I not disclose to my lawyer about the deal as it may put at risk my loan with the lender. 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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a simple, chain free conveyancing. Yateley is where the house is located. Can you offer any opinion?
Flying freeholds in Yateley are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Yateley you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Yateley may ascertain 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 property.
Planning to sign contracts shortly on a garden flat in Yateley. Conveyancing solicitors have said that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Yateley should include some of the following:
-
How long the lease is. You should receive guidance as what happens when the lease ends, and informed of the importance of the 80 year mark Rent payments - what is due and when you need to pay, and be on notice if this will change in the future Setting out your rights in relation to the communal areas in the building.For example, does the lease include a right of way over an accessway or hallways? Information as to the provision as set out in the lease to pay service charges - in relation to the building, and the wider rights a tenant has Repair and maintenance of the flat
I purchased a 1 bedroom flat in Yateley, conveyancing was carried out in 2002. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Yateley with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2105
You have 80 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 as well as costs.
The figure 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 due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.