This question may be naive but I am unseasoned as FTB of a two bedroom flat in Ledbury. Do I collect the keys to the premises on the completion date from my lawyer? If so, I will use a local conveyancing solicitor in Ledbury?
On the day of completion you will not be required to go to the conveyancers office in Ledbury. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's lawyers, and once they have received this, you will be invited to pick up the keys from the selling Agents and move into your new home. Usually this happens between 1 and 3pm.
I happen to be the sole recipient of my late grandmother’s will and I have everything in my name alone, including the my former home in Ledbury. Conveyancing formalities meant that the Land Registry date was in October. I plan to dispose of the property. I understand that there is a CML 6 month 'rule', meaning my property ownership could be treated the same way as though I had purchased the house in October. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. many lenders would take a pragmatic view as this obligation is chiefly there to identify the purchase and immediately sell or the quick reselling of properties.
My offer on a semi in Ledbury has been agreed to, the owners do however have a connected purchase. The vendors have offered on a property, but it’s not been accepted yet, and have viewings of other flats in the pipeline. I have chosen a nearby conveyancing solicitor in Ledbury. What should be my next step? At what point do I apply for the mortgage with Nottingham?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur costs too early (mortgage application is in the region of one thousand pounds, then valuation, Ledbury conveyancing search costs, etc). The first course of action is to ensure that your conveyancer is on the Nottingham conveyancing panel. As to the subsequent stages this very much dictated by the specifics of your case, desire for the property and on the state of the market. In a buoyant market the majority of buyers would apply for a home loan with Nottingham and pay for the valuation and only if it was satisfactory would they ask their property lawyer to proceed with searches.
I am looking for a ground for flat up to £195,000 and identified one round the corner in Ledbury I like with amenity areas and station nearby, however it only has 51 remaining years left on the lease. I can't really find anything else in Ledbury in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I am a sole trader hoping to lease a unit on the high street. Can you recommend conveyancers offering no-move-no charges for commercial conveyancing in Ledbury for under 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Ledbury, including the sale and acquisition of businesses as well as simply premises. If you are intending to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right solicitor. Regarding the charges these will vary based on the structure and nuances of the deal. Let us have your contact information or call us so that we can provide you with comprehensive commercial conveyancing calculation.
My husband and I are 18 days into a residential purchase having been directed to solicitors by the local agent to carry out the conveyancing in Ledbury. I am am starting to be dissatisfied with the quality of service. Can you you assist me in finding new conveyancers?
A lawyer would have to be very bad to suggest replacing them. Has the mortgage been issued? If so you need to advise them of the replacement conveyancer and ensure the offer are re-sent. Your solicitor ideally needs to be on the lenders panel to avoid added fees and delays. That should be your starting point. Our find a solicitor tool should assist you in finding a lender approved conveyancer for your home move in Ledbury
How much experience do your Ledbury conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Ledbury conveyancing lawyers help thousands of buyers move home every year and helped plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Ledbury conveyancers have worked on recent similar cases.