Having been referred to your site we were going to go ahead with a conveyancing solicitor in Westhoughton listed using your search tool but have come across some other estimates via the web seem less expensive – why is this?
You can find many firms of conveyancing organisations advertising so-called cheap conveyancing, yet more often than not additionalcharges end up with the closing fee totally different to the one you expected. According to the Legal Ombudsman fees contained in terms of engagement should be fair and reasonable and be applied The conveyancers that we list for conveyancing in Westhoughton specify all charges for a domestic conveyancing case.
I'm buying my first flat in Westhoughton with the aid of help to buy. The developers refused to budge the price so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not to tell my solicitor about this side-deal as it would put at risk my loan with the lender. Is this normal?.
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 have been on the look out for a ground for flat up to £245,000 and identified one near me in Westhoughton I like with open areas and railway links nearby, however it's only got 52 remaining years left on the lease. I can't really find anything else in Westhoughton suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term will likely be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I am looking into buying my first house which is in Westhoughton and I am already nervous. I couldn't find anything specific about Westhoughton. Conveyancing will be needed in due course but do you know about the Westhoughton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Westhoughton. In the meantime here are some basic statistics that we found
I am attracted to a couple of apartments in Westhoughton both have about 50 years left on the leases. Will this present a problem?
A lease is a right to use the property for a period of time. As the lease shortens the marketability of the lease reduces and results in it becoming more expensive to acquire a lease extension. For this reason it is generally wise to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on such properties. Lease extension can be a protracted process. We recommend you seek professional help from a conveyancer and surveyor with experience in this area.
I am the registered owner of a ground floor flat in Westhoughton, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Westhoughton with a long lease are worth £179,000. The ground rent is £65 invoiced annually. The lease ends on 21st October 2076
You have 57 years unexpired we estimate the premium for your lease extension to range between £26,600 and £30,800 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.