Would the conveyancing practitioners listed on your site carry out auction conveyancing in Cudworth?
There are a few niche solicitors we can put you in touch with those conducting auction conveyancing. Cudworth is just one of our locations where our lawyers cover.
Can you explain why leasehold purchase conveyancing in Cudworth costs more?
In short, leasehold conveyancing in Cudworth and South Yorkshire usually requires more due diligence compared to freehold conveyancing. This includes reviewing the lease, corresponding with the landlord concerning serving required notices, obtaining up-to-date service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
I am purchasing a terrace house in Cudworth. Our aim is to carry out an extension to the side at the property.Will legal investigations on the property include checks to ascertain if these works are permitted?
Your property lawyer will check the deeds as conveyancing in Cudworth will on occasion identify restrictions in the title documents which restrict certain changes or necessitated the permission of another owner. Many extensions need local authority planning permissions and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
The formalities of my purchase has taken place for my property in Cudworth. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I can not fathom if my bank requires a lease extension. I have telephoned my Cudworth bank branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Cudworth conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they would not lend in accordance with their published requirements. Who do I believe?
Provided that the lawyer is on the mortgage company panel, she or he must follow the CML Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am buying a new build house in Cudworth with a loan from Coventry Building Society. The sellers refused to budge the price so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not disclose to my conveyancer about the deal as it will affect my mortgage with the bank. 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.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one round the corner in Cudworth I like with a park and railway links nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Cudworth suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
My husband and I are FTB’s - had an offer accepted, but the selling agent has warned us that the vendor will only go ahead if we use their recommended solicitors as they need an ‘expedited deal’. We would rather use a high street solicitor used to conveyancing in Cudworth
It is improbable the sellers are behind this. Should the seller want ‘a quick sale', turning down a motivated buyer is likely to cause more damage than good. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are ready to go, with finances in place © you are chain free (d) you wish to move quickly (e)but you are going to use your own,trusted Cudworth conveyancing firm - not the ones that will give the negotiator at the agency a referral fee or hit his conveyancing thresholds pre-set by HQ.