We just had an offer accepted to buy with Norwich and Peterborough Building Society. I went into a few local practices but am unable to find a Lickey End conveyancing firm on the Norwich and Peterborough Building Society approved list. Could you assist?
You should make use of the search tool on this site. Please choose the building society and type Lickey End or your location and you will be presented with numerous solicitors located in Lickey End or nearest you.
We have agreed to purchase a house in Lickey End. One unusual aspect is that the roof has a solar panel. Leeds Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Leeds Building Society your lawyer must comply with the conveyancing requirements contained in Section two of UK Finance Lenders’ Handbook for Leeds Building Society. The CML Handbook includes minimum provisions for solar panel roof-space leases, and solicitors are required to report to Leeds Building Society where a lease fails to comply with these requirements. The provisions relate to the installation of panels on properties in England and Wales and is not restricted to Lickey End.
I recently had an offer agreed on a house in Lickey End. My financial adviser pressured me to appoint their property lawyer. I paid an upfront payment of £200. Not long after, the conveyancer contacted me to say that they were not on the Bank of Ireland conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Bank of Ireland panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I was told four weeks ago that my mortgage has been agreed to by Leeds Building Society. Is it usual for Leeds Building Society to only issue the offer once my solicitor in Lickey End is approved on their conveyancing panel? Leeds Building Society have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
I'm purchasing a new build house in Lickey End with the aid of help to buy. The sellers refused to move on the price so I negotiated 6k of additionals instead. The property agent told me not inform my conveyancer about this deal as it may put at risk my mortgage with Virgin Money. Is this normal?.
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.
How does the Landlord & Tenant Act 1954 affect my business property in Lickey End and how can you help?
The particular law that you refer to affords security of tenure to commercial lessees, granting the dueness to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Lickey End
Due to complete next month on a leasehold property in Lickey End. Conveyancing lawyers inform me that they report fully tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Lickey End should include some of the following:
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Does the lease require carpeting throughout thus preventing wood flooring? Ground rent - what is due and when you need to pay, and be on notice if this will change in the future You need to be informed what constitutes a Nuisance in the lease Responsibility for maintaining the window frames You should receive a copy of the lease
I purchased a garden flat in Lickey End, conveyancing having been completed 10 years ago. Can you work out an approximate cost of a lease extension? Similar properties in Lickey End with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease expires on 21st October 2101
With only 75 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.
Is planning permission necessary to split a house into a couple of flats in Lickey End? This has occurred to a property adjacent to my house in Lickey End and was unaware of the conversion until it was complete.
Planning consent is required for converting a single house in Lickey End into flats but possibly not for converting back to single dwelling-house so, in answer to your query, yes.