My fiance’s sister is a solicitor. I hope that I will receive mate’s rates for conveyancing, but if not, what level of costs would I typically be looking at for conveyancing in Cuffley?
Do compare pricing. Do use our comparison tool on this page. You will notice that estimates do contrast greatly but service levels do differ between solicitors as is true with most professions.
My house in Cuffley is up for sale and I have a buyer. Does the solicitor have to be on the Bank of Ireland conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
I'm buying a new build house in Cuffley with a loan from Birmingham Midshires. The developers would not reduce the amount so I negotiated 6k of extras instead. The house builders rep told me not reveal to my conveyancer about the deal as it would affect my mortgage with the bank. 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.
What does commercial conveyancing in Cuffley cover?
Non domestic conveyancing in Cuffley incorporates a broad range of guidance, provided by regulated solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment 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 loans and the termination of tenancies.
Back In 2008, I bought a leasehold house in Cuffley. Conveyancing and TSB mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Cuffley who previously acted has now retired. Do I pay?
The first thing you should do is make enquiries of HMLR to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Cuffley conveyancing practitioner to do this as you can do this on the Land Registry website for £3. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a garden flat in Cuffley, conveyancing formalities finalised 4 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Cuffley with over 90 years remaining are worth £185,000. The ground rent is £65 charged once a year. The lease expires on 21st October 2085
With only 61 years left to run we estimate the premium for your lease extension to range between £18,100 and £20,800 plus costs.
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 without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.