I am buying my first flat in Summertown and Botley with the aid of help to buy. The builders would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not to tell my conveyancer about the side-deal as it would put at risk my mortgage with Platform Home Loans Ltd. Should I keep quiet?.
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.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Summertown and Botley is the location of the property. What do you suggest?
Flying freeholds in Summertown and Botley are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Summertown and Botley you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Summertown and Botley may ascertain 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 property.
I am a sole trader hoping to lease a unit on the high street. Can you recommend conveyancers offering no-sale-no charges for non-domestic conveyancing in Summertown and Botley for below 1500k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Summertown and Botley, including the sale and acquisition of businesses as well as simply property. Whether you are hoping to buy or lease a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right lawyer. Regarding the charges this will depend on the structure and terms of the deal. Let us have your details or email so as to enable us to provide you with a fixed commercial conveyancing calculation.
We're new to the buying process - had an offer accepted, yet the estate agent has warned us that the owners will only issue a contract if we instruct the agent's preferred conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a local solicitor with experience of conveyancing in Summertown and Botley
We suspect that the seller is unaware of this requirement. Should the vendor require ‘a quick sale', turning down a serious purchaser is not the way to achieve this. Contact the sellers directly and explain that (a)you are motivated buyers (b)you are excited to move forward, with finances arranged © you are chain free (d) you intend to proceed fast (e)but you will continue to appoint your own,trusted Summertown and Botley conveyancing firm - as opposed tothe ones that will earn their estate agent a introducer fee or achieve conveyancing figures demanded by head office.
Do you have any top tips for leasehold conveyancing in Summertown and Botley with the aim of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Summertown and Botley can be avoided if you get in touch lawyers the minute your agents start marketing the property and request that they start to collate the leasehold information which will be required by the purchasers’ representatives. In the event that you altered the property did you need the Landlord’s consent? In particular have you installed wooden flooring? Most leases in Summertown and Botley state that internal structural alterations or addition of wooden flooring necessitate a licence from the Landlord consenting to such works. If you dont have the consents in place you should not contact the landlord without checking with your lawyer in advance. The majority of landlords or Management Companies in Summertown and Botley levy fees for providing management packs for a leasehold premises. You or your lawyers should enquire as to the fee that they propose to charge. The management information sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Summertown and Botley. A minority of Summertown and Botley leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers.
I inherited a 2 bed flat in Summertown and Botley, conveyancing formalities finalised in 2009. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Summertown and Botley with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 per annum. The lease comes to an end on 21st October 2099
You have 80 years remaining on your lease the likely cost is going to span between £7,600 and £8,800 plus costs.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.