I am helping my niece sell her property in Lydiate. Will the conveyancer commission the EPC or it is for me to see to?
After the abolition of Home Information Packs, energy assessments became a mandatory element of selling a house. An EPC needs to be to hand in advance of the property being advertised. It is not as aspect of the sale process that solicitors normally organise. If you are using a Lydiate conveyancing solicitor they might help arrange energy performance certificates given their contacts with reputable Lydiate assessors
When it comes to lenders such as Nottingham, do Lydiate conveyancing practitioners face a fee to be on the conveyancing panel?
We are not aware of any bank fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Is there a list of Clydesdale panel solicitors in Lydiate on the Building Society Association’s Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association sites. Very few lenders make their panel listings viewable online. If you are seeking to appoint a Lydiate conveyancer on the Clydesdale please make the most of our facility.
I am purchasing my first flat in Lydiate with a mortgage from Alliance & Leicester . The sellers would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not inform my solicitor about the extras as it will adversely affect my loan with the lender. Is this normal?.
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.
I have been on the look out for a leasehold apartment up to £245,000 and identified one close by in Lydiate I like with open areas and station nearby, the downside is that it only has 49 years unexpired on the lease. There is not much else in Lydiate in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
In what way does the Landlord & Tenant Act 1954 affect my commercial premises in Lydiate and how can your lawyers assist?
The particular law that you refer to gives security of tenure to business leaseholders, granting the dueness to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Lydiate is one of our numerous locations in which the firms we work with are based
Am I best advised to appoint a Lydiate conveyancing practitioner in close proximity to the house I am buying? We have a good friend who can execute the conveyancing but her office is a couple of hundredkilometers drive away.
The benefit of a high street Lydiate conveyancing practice is that you can drop in to sign documents, hand in your ID and apply pressure on them if necessary. Having local Lydiate know how is a bonus. That being said it's more important to get someone that will do a good and efficient job. If you know people who used your friend and they were happy that should surpass using an unknown Lydiate conveyancing solicitor just because they are based in the area.