Are there restrictive covenants that are commonly picked up during conveyancing in Lanchester?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Lanchester. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm buying a new build house in Lanchester with a loan from Clydesdale. The sellers would not move on the amount so I negotiated £7000 of additionals instead. The property agent suggested that I not disclose to my solicitor about the side-deal as it may adversely affect my loan with the bank. 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 difficult is it to transfer to a new firm as I need to select a firm on the Alliance & Leicester conveyancing list. I instructed a high street conveyancing solicitor in Lanchester five minutes from me but she is not accepted by Alliance & Leicester
We will our best to assist in finding you a conveyancing solicitor in Lanchester on the Alliance & Leicester panel. Please note that the law firms that we work with do not pay us fee if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Lanchester. Using the find a conveyancing solicitor tool on this page, you can contrast charges for conveyancing solicitors in Lanchester and throughout England and Wales.
As co-executor for the estate of my aunt I am selling a residence in Monmouth but live in Lanchester. My solicitor (who is 260 kilometers from meneeds me to execute a statutory declaration prior to completion. Could you suggest a conveyancing practitioner in Lanchester who can witness this legal document for me?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are located in Lanchester
I today plan to offer on a house that seems to tick a lot of boxes, at a great price which is making it all the more appealing. I have just been informed that it's a leasehold rather than freehold. I am assuming that there are issues buying a leasehold house in Lanchester. Conveyancing lawyers have are soon to be instructed. Will they explain the issues?
Most houses in Lanchester are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. We note that you are purchasing in Lanchester in which case you should be shopping around for a Lanchester conveyancing solicitor and check that they are used to dealing with leasehold houses. First you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’spermission to carry out changes to the property. It may be necessary to pay a contribution towards the upkeep of the estate where the property is part of an estate. Your conveyancer will appraise you on the various issues.
I inherited a 1st floor flat in Lanchester, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Lanchester with a long lease are worth £176,000. The ground rent is £50 charged once a year. The lease ceases on 21st October 2070
You have 50 years unexpired we estimate the premium for your lease extension to be between £31,400 and £36,200 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed due diligence. Do 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. Please do not move forward placing reliance on this information without first getting professional advice.