I'm buying a new build house in Burnham with a mortgage from Bank of Ireland. The builders refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not disclose to my solicitor about the extras as it may put at risk my mortgage with the lender. 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.
Due to the guidance of my in-laws I had a survey completed on a house in Burnham in advance of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies tend not give a loan on such a house.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Burnham. Conveyancing will be smoother if you use a solicitor in Burnham especially if they are accustomed to such properties in Burnham.
I am a sole trader hoping to lease a unit on the high street. Can you recommend conveyancers offering no-move-no fees for commercial conveyancing in Burnham for below £1,200?
We can recommend firms who have specialist knowledge of commercial conveyancing in Burnham, including the sale and acquisition of businesses as well as simply premises. Whether you are hoping to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right solicitor. Regarding the charges this will depend on the structure and heads of terms of the deal. Please provide us with your contact information or email so as to enable us to supply you with comprehensive commercial conveyancing calculation.
My father-in-law has recommend that I appoint his lawyers for conveyancing in Burnham. Should I use them?
There are no two ways about it the best way to select a conveyancing solicitor is to seek guidance from friends or relatives who have actually used the solicitor that you are contemplating using.
I have recently realised that I have 62 years remaining on my lease in Burnham. I am keen to get lease extension but my landlord is missing. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to demonstrate that you have used your best endeavours to locate the lessor. For most situations a specialist would be useful to conduct investigations and prepare an expert document which can be used as proof that the landlord is indeed missing. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s disappearance and the application to the County Court overseeing Burnham.
Burnham Leasehold Conveyancing - Sample of Questions you should consider before buying
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Is there a share of the freehold? It would be prudent to discover as much as you can concerning the managing agents as they will either make your life much simpler or much more difficult. As the proprietor of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to every day issues like the tidiness of the common parts. Enquire of other people if they are happy with them. In conclusion, be sure you understand the dates that you are obliged pay the service charge to the relevant party and precisely how they are spending the funds. Does the lease include onerous restrictions?
What is the reason for my property lawyer requiring various items of ID ahead of starting my conveyancing in Burnham?
Burnham conveyancers are required by the Law Society, SRA, HM Land Registry and current Money Laundering Regulations to certify that the have checked the identity of their clients. It is also sometimes a requirement of your bank where you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, NI number and date of birth.