I have 70 years unexpired on my lease and require a lease extension for my apartment in Market Harborough. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/4/2019 the requirements read as follows :
I am helping my step-mother sell her house in Market Harborough. Will the solicitor order the energy assessment or it is for the seller to see to?
Following the demise of HIPs, energy assessments was maintained a mandatory element of moving house. An energy performance certificate needs to be to hand in advance of the property being put on the market. It is not as aspect of the sale process that conveyancers ordinarily arrange. Where you are using a Market Harborough conveyancing solicitor they may be able to arrange energy assessments due to their relationships with reputable Market Harborough energy assessors
I am selling my apartment. I had a double glazing fitted in September 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Skipton are being problematic. The Market Harborough solicitor who is on the Skipton conveyancing panel is saying indemnity insurance will be fine but Skipton are requiring a building regulation certificate. Why do Skipton have a conveyancing panel if they don't accept advice from them?
It is probably the case that Skipton have referred the matter to their valuer. The reason why Skipton may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Having digested plenty of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Market Harborough solicitor - who is on the Virgin Money conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Market Harborough postcode. As you are getting a mortgage with Virgin Money, you could contact them to see if they have a list of approved surveyors in Market Harborough.
I'm buying my first flat in Market Harborough with a loan from Birmingham Midshires. The sellers would not move on the price so I negotiated £7000 of additionals instead. The estate agent suggested that I not to tell my solicitor about this deal as it could jeopardize my loan with the bank. 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've recently found out that there is a flying freehold issue on a house I have offered on last month in what should have been a straight forward, no chain conveyancing. Market Harborough is the location of the property. Is there any guidance you can impart?
Flying freeholds in Market Harborough are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Market Harborough you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Market Harborough may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My company is intending to lease a unit on the high street. Can you recommend conveyancers offering no-sale-no fees for commercial conveyancing in Market Harborough for under 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Market Harborough, including the sale and acquisition of businesses as well as simply property. Whether you are intending to acquire or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. Regarding the costs this will depend on the structure and terms of the proposed transaction. Let us have your contact information or email us so that we can provide you with comprehensive commercial conveyancing quote.