Should lawyers request money up-front for conveyancing in Lakenham?

If you are buying a property in Lakenham your solicitor will request that you place them with monies to cover the the cost of the conveyancing searches. Ordinarily this is called for to cover the fees of the Local Authority Search. If any deposit is as part of the purchase price then this will be asked for immediately in advance of contracts are exchanged. Any further balance that is needed will be payable a couple of days prior to the day of completion.

I am planning to acquire a flat and need a conveyancing solicitor in Lakenham who is on the Birmingham Midshires conveyancing. Could you point me in the right direction as regards a conveyancing firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Birmingham Midshires in certain locations such as Lakenham. We dont recommend any particular firm.

I am buying my first flat in Lakenham with the aid of help to buy. The sellers would not budge the price so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not to tell my solicitor about the extras as it will affect my loan with Barclays . 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.

Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one near me in Lakenham I like with a park and station in the vicinity, however it's only got 51 years on the lease. There is not much else in Lakenham for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?

Should you need a home loan the shortness of the lease may be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.

My folks are encountering difficulties in finding their Lakenham property on the HMLR website. They have a vague recollection back in the 70’s when they bought the property there were complications concerning Lakenham not being recognised in some systems.

Nearly all properties in Lakenham should show up. Have you attempted a search to just the postcode. Ordinarily it should reveal all the premises inside the postcode. Assuming the property is recorded it will be there with a title number. Where they bought back in the 70’s it's conceivable it may be unrecorded. The address could still be revealed but with the title number identified as 'na'. In this scenario you will need to track down the original title documentation which might be with your parent’s mortgage company.