I have justbecome aware that Stirling Law have been shut down. They carried out my conveyancing in Astwood Bank for a purchase of a freehold house 10 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The quickest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Astwood Bank conveyancing specialists.
I'm purchasing my first flat in Astwood Bank with a mortgage from Britannia. The developers would not budge the price so I negotiated 6k of fixtures and fittings instead. The property agent told me not reveal to my lawyer about the deal as it will put at risk my loan 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.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one near me in Astwood Bank I like with a park and railway links nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Astwood Bank in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the shortness of the lease may be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
Given that I will soon spend 450k on a garden flat in Astwood Bank I would like to talk to a solicitor regarding theconveyancing in advance of instructing the firm. Can this be arranged?
This is something that we encourage - we would be delighted to talk to you we do not take any clients on without you first talking to the solicitor who will be carrying out your property ownership legalities in Astwood Bank.There is no ‘factory style conveyancing’ - each client is unique individual, not a case reference. The practices that we put you in touch with believe that the figure you are provided with for residential conveyancing in Astwood Bank should be the figure that you end up paying.
Expecting to sign contracts shortly on a leasehold property in Astwood Bank. Conveyancing lawyers assured me that they are sending me a report next week. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Astwood Bank should include some of the following:
Responsibility for maintaining the window frames Repair and maintenance of the premises Details of the parties to the lease, e.g. these could be the (you), head lessor, freeholder The total ownership of the premises. This might be the property itself but might include a roof area or basement if appropriate.
I purchased a 1 bedroom flat in Astwood Bank, conveyancing having been completed 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Astwood Bank with over 90 years remaining are worth £176,000. The ground rent is £50 yearly. The lease ends on 21st October 2098
You have 79 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 as well as 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 provide a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.