My wife and I are soon to complete on the purchase of a property in Blaby but as a consequence of damage from the recent storms I have managed to agree reparation from the vendor of £3k in the form of a adjustment in the price. This was going to be addressed as part of amending the contract yet Bank of Ireland are not allowing this. Why were they informed?
Your conveyancer being on a Bank of Ireland approved list is obliged to inform Bank of Ireland of any variations to the sale price. If you prohibit your conveyancer to notify the price change 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 property lawyer for your conveyancing in Blaby.
Are the Blaby conveyancing solicitors identified as being on the Co-operative conveyancing panel, together with their details provided by Co-operative?
Blaby conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.
Our lender has recommended solicitors on their panel based in Blaby but I would rather choose a conveyancing lawyer in Blaby local to me. Can you assist?
The minority of Blaby conveyancing solicitors are listed all lender’s conveyancing panel. Please make the most of our find an approved solicitor tool to identify a Blaby conveyancing solicitor on the on the lender panel.
I am buying a new build flat in Blaby. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Blaby
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I have been on the look out for a ground for flat up to £245,000 and identified one round the corner in Blaby I like with open areas and railway links in the vicinity, however it only has 51 years on the lease. I can't really find anything else in Blaby for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage the shortness of the lease may 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 existing proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.