My wife and I are soon to complete buying a house in Silsoe but as a consequence of damage from some water damage at the property I have was able negotiate recompense from the vendor in the sum of £3k taking the form of a reduction in the price. This was going to be dealt with as part of amending the contract yet Skipton are not allowing this. Should they have been involved?
The conveyancer being on the Skipton conveyancing panel is obliged to advise Skipton of any variations to the purchase price. If you prohibit your conveyancer to disclose the price change to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new lawyer for your conveyancing in Silsoe.
What will a local search inform me about the house I am purchasing in Silsoe?
Silsoe conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company for instance Searchflow The local search is essential in every Silsoe conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search will supply data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I am purchasing a new build house in Silsoe benefiting from help to buy. The developers refused to move on the price so I negotiated 6k of fixtures and fittings instead. The house builders rep suggested that I not inform my conveyancer about the deal as it will adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.
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.
I need to find a conveyancing solicitor for leasehold conveyancing in Silsoe. I have chance upon a site which appears to be the perfect solution If it is possible to get all formalities completed via phone that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I've found a house that appears to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have subsequently discovered that the title is leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in Silsoe. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
The majority of houses in Silsoe are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are buying in Silsoe in which case you should be looking for a Silsoe conveyancing solicitor and be sure that they are used to transacting on leasehold houses. First you will need to check the unexpired lease term. As a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’spermission to conduct alterations. You may also be required to pay a contribution towards the upkeep of the communal areas where the property is part of an estate. Your solicitor should appraise you on the various issues.
I acquired a ground floor flat in Silsoe, conveyancing having been completed November 2001. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Silsoe with an extended lease are worth £202,000. The ground rent is £60 invoiced every year. The lease comes to an end on 21st October 2079
You have 57 years unexpired we estimate the price of your lease extension to span between £28,500 and £33,000 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.