We are buying a newly built duplex in Upton Upon Severn and my conveyancer is advising me that she is duty bound to the bank to reveal incentives from the developer. The Estate Agents are hassling me to exchange and I have no desire to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We are selling our house in Upton Upon Severn and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any high street Upton Upon Severn lawyer would know that there is no such problem. It does beg the question why the purchasers are using an internet conveyancing practice rather than a conveyancing solicitor in Upton Upon Severn. We have lived in Upton Upon Severn for many years we know of no issue. Should we contact our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I opted to have a survey carried out on a property in Upton Upon Severn before appointing lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies will not issue a mortgage on this type of home.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you contact us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Upton Upon Severn. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it best to use a Upton Upon Severn conveyancing practitioner based in the area that I am purchasing? We have a good friend who can execute the legal work however her office is a couple of hundredkilometers away.
The primary upside of using a local Upton Upon Severn conveyancing firm is that you can attend the office to execute paperwork, hand in your ID and pester them if necessary. Having local Upton Upon Severn know how is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and in the main were content that must trump using an unknown Upton Upon Severn conveyancing solicitor solely due to them being Upton Upon Severn based.
Having had my offer accepted I require leasehold conveyancing in Upton Upon Severn. Before I get started I require certainty as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Upton Upon Severn - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I own a 1 bedroom flat in Upton Upon Severn, conveyancing formalities finalised 6 years ago. Can you work out an approximate cost of a lease extension? Similar properties in Upton Upon Severn with a long lease are worth £175,000. The average or mid-range amount of ground rent is £65 per annum. The lease runs out on 21st October 2083
With just 58 years remaining on your lease we estimate the price of your lease extension to span between £23,800 and £27,400 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.