Having sold my house in Thirsk last November yet the purchaser is e-mailing me to say their solicitor needs to hear from mine. What should have happened now that I have sold?
Following your house sale your conveyancer is committed to forward the transfer documentation and all of the paperwork to the purchaser's lawyers. Where appropriate, your lawyer should also evidence that the home loan has been discharged to the buyers lawyers. There are no post completion procedures peculiar conveyancing in Thirsk.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Thirsk. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 11/12/2018, the requirements read as follows :
I am buying a new build house in Thirsk with a mortgage from Birmingham Midshires. The developers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not inform my lawyer about the side-deal as it will jeopardize my loan with the bank. Should I keep quiet?.
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 selling my property. My previous solicitors have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Thirsk if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Thirsk. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
In relation to leasehold conveyancing in Thirsk what are the most common lease problems?
Leasehold conveyancing in Thirsk is not unique. Most leases are unique and drafting errors can result in certain clauses are wrong. The following missing provisions could result in a defective lease:
A provision to repair to or maintain parts of the premises Insurance obligations
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. National Westminster Bank, Skipton Building Society, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, forcing the buyer to withdraw.
I purchased a leasehold flat in Thirsk, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Thirsk with a long lease are worth £190,000. The ground rent is £65 per annum. The lease comes to an end on 21st October 2079
With just 61 years left to run we estimate the price of your lease extension to range between £19,000 and £22,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues 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 seeking the advice of a professional.