IfI was to purchase a freehold housein Battlesbridge for cash and have no survey and no local authority searches how much could I expect to have to pay for conveyancing in Battlesbridge?
The only reduction in fees you would make on is the Battlesbridge conveyancing searches. The property lawyer is required to do the vast majority of work - money laundering, correspond with the vendors solicitor, stamp duty submission, register the ownership etc. A slight saving might be made by not needing to register a mortgage however it won't be significant.
What will a local search inform me regarding the property we're buying in Battlesbridge?
Battlesbridge conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations such as Xpress Legal The local search is essential in every Battlesbridge conveyancing purchase; as long as you don’t want any nasty once you have moved into your new home. The search should reveal 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 subject headings.
It has been five months since my purchase conveyancing in Battlesbridge took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm buying a new build house in Battlesbridge with a mortgage from Bank of Ireland. The builders would not move on the price so I negotiated £7000 of additionals instead. The house builders rep suggested that I not reveal to my solicitor about this deal as it will affect my loan with the lender. 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.
My husband and I are first time buyers - had an offer accepted, but the estate agent advised that the owners will only move forward if we appoint the agent's recommended solicitors as they want an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer who is familiar with conveyancing in Battlesbridge
It is unlikely the vendors are behind this. Should the owner desire ‘a quick sale', taking such a hostile approach to a serious buyer is not the way to achieve this. Contact the owners directly and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you are going to appoint your own,trusted Battlesbridge conveyancing firm - as opposed tothe ones that will give the negotiator at the agency a referral fee or meet his conveyancing thresholds pre-set by head office.
I am a negotiator for a reputable estate agent office in Battlesbridge where we see a few leasehold sales put at risk due to leases having less than 80 years remaining. I have been given contradictory information from local Battlesbridge conveyancing firms. Please can you clarify whether the vendor of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Leasehold Conveyancing in Battlesbridge - Sample of Queries before Purchasing
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Does the lease have onerous restrictions? It would be prudent to investigate if there are any onerous restrictions in the lease. For instance it is very common in Battlesbridge leases that pets are not permitted in in a block in Battlesbridge. If you love the apartmentin Battlesbridge however your cat is not allowed to live with you then you will be presented with a difficult choice. It is important to be aware whether window replacement or some other major work is pending to be shared between the tenants and may well dramatically impact the level of the service charges or necessitate a specific payment.