I need some expedited conveyancing in Henbury as I am under a deadline to sign on the dotted line in less than 3 weeks. Fortunately I do not need a mortgage. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a cash purchaser you are at free not to do searches although no law firm would suggest that you don't. Drawing on our experience of conveyancing in Henbury the following are examples of issues that can appear and adversely affect future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
Me and my brother own a renovated Edwardian house in Henbury. Conveyancing practitioner represented me and Nottingham Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Henbury and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with your conveyancing practitioner who conducted the purchase.
I'm purchasing a new build house in Henbury with the aid of help to buy. The builders refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not reveal to my solicitor about this side-deal as it would put at risk my mortgage with the lender. Should I keep quiet?.
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.
My husband and I are novice buyers - agreed a price, yet the estate agent has warned us that the owners will only move forward if we use the agent's preferred solicitors as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer accustomed to conveyancing in Henbury
We suspect that the seller is unaware of this requirement. Should the owner desire ‘a quick sale', taking such a hostile approach to a genuine buyer is not the way to achieve this. Avoid the agents and go straight to the sellers and make sure they comprehend that (a)you are genuine buyers (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)but you intend to appoint your own,trusted Henbury conveyancing lawyers - rather thanthose that will give the negotiator at the agency a commission or achieve conveyancing targets set by HQ.
I would like to rent out my leasehold flat in Henbury. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
A small minority of properties in Henbury do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I invested in buying a basement flat in Henbury, conveyancing formalities finalised 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Henbury with an extended lease are worth £186,000. The ground rent is £55 per annum. The lease terminates on 21st October 2074
With only 53 years remaining on your lease the likely cost is going to span between £27,600 and £31,800 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.