Do conveyancers ask for an advanced payment for conveyancing in Kidsgrove?

If you are buying a property in Kidsgrove your lawyer will request that you put them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the purchase price then this will be asked for shortly before contracts are exchanged. The closing balance that is due should be transferred shortly before completion.

I'm purchasing my first flat in Kidsgrove benefiting from help to buy. The sellers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not inform my solicitor about the extras as it would impact my loan with the bank. 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.

Over the last few months I have been searching for a flat up to £235,500 and found one near me in Kidsgrove I like with a park and railway links in the vicinity, the downside is that it only has 61 years on the lease. There is not much else in Kidsgrove suitable, so just wondered if I would be making a grave error purchasing a short lease?

Should you need a mortgage the shortness of the lease will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.

My father-in-law has recommend that I use his lawyers for conveyancing in Kidsgrove. Do I take his advice?

No doubt the best way to choose a conveyancing solicitor is to have referrals from friends or relatives who have experience in using the firm that you are are thinking of instructing.

I am hoping to put an offer on a small detached house that appears to meet my requirements, at a great figure which is making it more attractive. I have subsequently discovered that the title is leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in Kidsgrove. Conveyancing solicitors have are soon to be appointed. Will my lawyers set out the risks of buying a leasehold house in Kidsgrove ?

Most houses in Kidsgrove are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Kidsgrove in which case you should be looking for a Kidsgrove conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the freeholder’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the property is part of an estate. Your conveyancer will advise you fully on all the issues.

I am the registered owner of a split level flat in Kidsgrove, conveyancing having been completed January 1995. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Kidsgrove with a long lease are worth £196,000. The ground rent is £45 yearly. The lease terminates on 21st October 2089

With just 64 years unexpired the likely cost is going to range between £15,200 and £17,600 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.