My brother-in-law has suggested I instruct a conveyancing solicitor in Knaresborough. I I would like to check whether they are on the Britannia approved list of lawyers. Could you advise?
The first thing to do is e-mail your lawyer and enquire if they are on the lender panel. Otherwise you should call Britannia who may be able to confirm.
My wife and I own a terraced Georgian property in Knaresborough. Conveyancing lawyer represented me and Skipton Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Knaresborough and other locations in 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 purchasers. You can also question the position with your conveyancing practitioner who conducted the purchase.
I am buying my first flat in Knaresborough with the aid of help to buy. The sellers would not budge the price so I negotiated 6k of fixtures and fittings instead. The sale representative told me not reveal to my conveyancer about the side-deal as it could impact my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
How can the Landlord & Tenant Act 1954 impact my business premises in Knaresborough and how can you help?
The particular law that you refer to affords a safeguard to business tenants, giving them the legal entitlement to apply to court for a renewal lease and continue in occupation when the lease comes to an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and help with commercial conveyancing in Knaresborough
Do you have any advice for leasehold conveyancing in Knaresborough with the purpose of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Knaresborough can be avoided where you instruct lawyers as soon as your agents start advertising the property and request that they start to put together the leasehold information which will be required by the buyers’ lawyers. If you have carried out any alterations to the residence would they have required Landlord’s approval? In particular have you installed wooden flooring? Knaresborough leases often stipulate that internal structural alterations or addition of wooden flooring necessitate a licence from the Landlord approving such works. If you dont have the approvals to hand you should not communicate with the landlord without checking with your lawyer in advance. The majority of freeholders or managing agents in Knaresborough levy fees for supplying management packs for a leasehold home. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Knaresborough. Some Knaresborough leases require Licence to Assign from the landlord. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. If you hold a share in a the Management Company, you should make sure that you hold the original share document. Arranging a new share certificate can be a lengthy formality and frustrates many a Knaresborough home move. If a reissued share certificate is necessary, do contact the company officers or managing agents (if relevant) for this as soon as possible.
Knaresborough Conveyancing for Leasehold Flats - Examples of Questions you should consider before buying
You should want to discover as much as possible concerning the company managing the building as they can either make life much easier or uncomfortable. Being a leasehold owner you are often at the mercy of the managing agents both financially and when it comes to practical issues like the tidiness of the common parts. Ask other people what they think of their service. On a final note, find out the dates that the maintenance charges are due to the relevant party and precisely how they are spending that money. How much is the maintenance charge and ground rent on the flat? Does this lease have in excess of 85 years remaining?