Do the Building Society Association intend to launch a online directory to to identify firms on the Norwich and Peterborough Building Society conveyancing panel for instance in New Inn?
We are not aware of any intention on the part of the BSA to promote such a search facility.
Are there restrictive covenants that are commonly identified as part of conveyancing in New Inn?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in New Inn. 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 am purchasing a new build house in New Inn benefiting from help to buy. The builders refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not disclose to my solicitor about the side-deal as it may affect my loan with the lender. Do I keep my lawyer in the dark?.
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 am looking for a conveyancing practitioner in New Inn for my house move. Is it possible to check a solicitor's complaints history with the profession’s regulator?
Members of the public can find presented Solicitor Regulator Association (SRA) determinations resulting from investigations started on or after 1 January 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator could monitor telephone calls for training purposes.
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable price which is making it all the more appealing. I have just discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in New Inn. Conveyancing solicitors have are about to be instructed. Will they explain the issues?
Most houses in New Inn are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. We note that you are buying in New Inn so you should seriously consider shopping around for a New Inn 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. As a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’spermission to carry out alterations. It may be necessary to pay a contribution towards the upkeep of the estate where the property is part of an estate. Your solicitor should advise you fully on all the issues.
I purchased a ground floor flat in New Inn, conveyancing having been completed May 2006. Can you work out an approximate cost of a lease extension? Equivalent flats in New Inn with an extended lease are worth £197,000. The ground rent is £55 levied per year. The lease runs out on 21st October 2073
You have 55 years unexpired the likely cost is going to be between £31,400 and £36,200 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.