Me and my partner are soon to complete buying a house in Belmont but as a result of damage from a small fire at the property I have was able negotiate compensation from the vendor of £3k taking the form of a reduction in the price. This was going to be dealt with as part of a side agreement but Bank of Ireland are not allowing this. Should they have been informed?

Your conveyancer being on a Bank of Ireland conveyancing panel is required to inform Bank of Ireland of any changes to the purchase price. If you were to refuse your solicitor to disclose the reduction to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new conveyancer for your conveyancing in Belmont.

I need some expedited conveyancing in Belmont as I am under a deadline to exchange contracts inside 4 weeks. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?

If.Given you are are a mortgage free purchaser you have the choice not to do searches although no lawyer would suggest that you don't. Drawing on years of experience of conveyancing in Belmont the following are instances of what can crop up and therefore impact future mortgageability: Enforcement Actions, Overdue Charges, Outstanding Grants, Road Schemes,...

Hoping to buy a property located in Belmont and I am already nervous. I couldn't find anything specific about Belmont. Conveyancing will be needed in due course but do you know about the Belmont area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Belmont. In the meantime here are some basic statistics that we found

I only have Sixty One years left on my lease in Belmont. I need to extend my lease but my freeholder is missing. What options are available to me?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. You will be obliged to prove that you have made all reasonable attempts to locate the landlord. On the whole a specialist would be useful to conduct investigations and prepare an expert document which can be accepted by the court as evidence that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s absence and the vesting order request to the County Court covering Belmont.

I have had difficulty in trying to purchase the freehold in Belmont. Can the Leasehold Valuation Tribunal adjudicate on premiums?

in cases where there is a missing freeholder or if there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to calculate the amount due.

An example of a Freehold Enfranchisement case for a Belmont residence is Buchanan Court 39 Vernon Road in April 2010. the Tribunal assessed that the premium payable for the freehold of the block should be £44,000. This case was in relation to 2 flats. The unexpired term was 66.67 years.

My wife and I have recently appointed a conveyancing solicitor in Belmont. I I would like to check if they are on the bank's approved list of lawyers. Could you or the lender confirm if they are on the panel?

One option is to phone the lawyer to enquire if they are on the bank's approved list. If that does not help get in touch with us and we can make some checks for you. If they are not on the lender panel we can certainly arrange a quality conveyancing solicitor in Belmont on the panel for your mortgage company.