Are the BSA planning on creating a searchable register to to identify practices on the Earl Shilton BS conveyancing panel for instance in Hartlepool?
Lexsure has not been advised of any plans on the part of the BSA to promote such a tool.
I'm purchasing my first flat in Hartlepool with the aid of help to buy. The developers refused to budge the price so I negotiated 6k of extras instead. The property agent advised me not disclose to my solicitor about the extras as it may impact my loan 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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what should have been a simple, chain free conveyancing. Hartlepool is the location of the property. What do you suggest?
Flying freeholds in Hartlepool are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hartlepool you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hartlepool may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
What tools are available to locate a Hartlepool solicitor on the Godiva Mortgages Ltd conveyancing panel? I have a car and am prepared to travel upto 10kilometers to meet the conveyancer.
You can use the facility on this website. Please pick a lender and your location and you will see a number of Hartlepool conveyancing lawyers locally. We have detailed some Hartlepool conveyancing firms towards the end of this page and you can contact them to see if they are on the Godiva Mortgages Ltd member panel
I've found a house that appears to meet my requirements, at a great price which is making it more attractive. I have just been informed that it's a leasehold rather than freehold. I would have thought that there are issues purchasing a leasehold house in Hartlepool. Conveyancing advisers have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Hartlepool ?
The majority of houses in Hartlepool are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Hartlepool so you should seriously consider looking for a Hartlepool conveyancing solicitor and be sure that they are used to dealing with leasehold houses. First you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the landlord’spermission to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the estate where the house is located on an estate. Your conveyancer should report to you on the legal implications.
I acquired a basement flat in Hartlepool, conveyancing having been completed June 2006. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Hartlepool with an extended lease are worth £192,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease terminates on 21st October 2079
With just 54 years remaining on your lease we estimate the premium for your lease extension to span between £32,300 and £37,400 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.
I have just appointed agents to market my basement apartment in Hartlepool.Conveyancing has not commenced but I have just had a quarterly maintenance charge demand – Do I pay up?
The sensible thing to do is discharge the service charge as you normally would as all ground rent and service invoices should be apportionedas part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process