My relative recommended that where I am purchasing in Kirkby in Ashfield I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Kirkby in Ashfield conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about Kirkby in Ashfield around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Kirkby in Ashfield.
I am buying my first flat in Kirkby in Ashfield with a loan from Chelsea Building Society. The developers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not to tell my lawyer about the side-deal as it will impact 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.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Kirkby in Ashfield is where the house is located. Is there any guidance you can give?
Flying freeholds in Kirkby in Ashfield are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Kirkby in Ashfield you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kirkby in Ashfield may determine 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.
Hoping to buy a property located in Kirkby in Ashfield and I am already nervous. I couldn't find anything specific about Kirkby in Ashfield. Conveyancing will be needed in due course but do you know about the Kirkby in Ashfield area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Kirkby in Ashfield. In the meantime here are some basic statistics that we found
I am 14 days into a leasehold purchase having been referred to a firm by the selling agent to do our conveyancing in Kirkby in Ashfield. We are not happy. Can you help me find new lawyers?
A lawyer would have to be very bad in order to consider diss instructing them. Has the mortgage been issued? In the event that it has you will need to make them aware of the new contact details and ensure the offer are re-issued. Your new solicitor ideally should be on the mortgage company approved list to avoid supplemental charges and complications. That should be your first question of the new conveyancers. Our search tool can help you find a bank approved lawyer for your conveyancing in Kirkby in Ashfield
I am a negotiator for a long established estate agency in Kirkby in Ashfield where we see a number of flat sales jeopardised due to leases having less than 80 years remaining. I have received conflicting advice from local Kirkby in Ashfield conveyancing firms. Can you clarify whether the seller of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
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 buyer.
I acquired a 2 bed flat in Kirkby in Ashfield, conveyancing formalities finalised March 2002. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Kirkby in Ashfield with a long lease are worth £185,000. The ground rent is £65 per annum. The lease finishes on 21st October 2085
With 61 years left to run the likely cost is going to span between £18,100 and £20,800 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.