My husband and I intend to purchase a purpose built flat in Wombwell with a loan from Godiva Mortgages Ltd.We have a Wombwell conveyancing practitioner but Godiva Mortgages Ltd informed us he's not listed on their approved list of firms. we are left little option but to use a Godiva Mortgages Ltd panel firm or retain our preferred solicitor and fork out for a Godiva Mortgages Ltd panel lawyer to act for them. This seems very unfair; is there anything we can do?
No, not really. The home loan issued to you contains various provisions, one of which will be that solicitors will be on the Godiva Mortgages Ltd approved list. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Godiva Mortgages Ltd
I need some fast conveyancing in Wombwell as I am under pressure to exchange contracts in less than one month. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you are at free not to have searches carried out although no law firm would advise that you don't. Drawing on our experience of conveyancing in Wombwell the following are instances of what can appear and therefore impact future mortgageability: Enforcement Actions, Overdue Charges, Overdue Grants, Railway Schemes,...
It has been 3 months following my purchase conveyancing in Wombwell took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
We are 14 days into a leasehold purchase having been recommend to conveyancers by the high street agent to execute conveyancing in Wombwell. I am am starting to be dissatisfied with the quality of service. Could you you assist me in finding new solicitors?
They would have to be really poor to suggest diss instructing them. Has the mortgage offer been generated? If so you need to make them aware of the new solicitor and have the mortgage documents are re-sent. Your new conveyancer should be on the mortgage company approved list to avoid escalating expenses and frustration. That should be your first question of the new solicitors. Our search tool should assist you in finding a lender approved lawyer for your conveyancing in Wombwell
I have just appointed agents to market my basement flat in Wombwell. Conveyancing solicitors are to be appointed soon, but I have recently had a quarterly maintenance charge invoice – Do I pay up?
The sensible thing to do is clear the invoice as normal because all rents and service payments should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I acquired a ground floor flat in Wombwell, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Wombwell with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 yearly. The lease ceases on 21st October 2083
With only 58 years left to run we estimate the price of your lease extension to be between £22,800 and £26,400 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.