My partner and I have recently bought a house in Mansfield Woodhouse. We have noticed several problems with the house which we believe were missed in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that should have been carried out as part of conveyancing in Mansfield Woodhouse?
The query is not clear as to the nature of the problems and if they are unique to conveyancing in Mansfield Woodhouse. Conveyancing searches and investigations undertaken as part of the buying process are designed to help avoid problems. As part of the process, the vendor answers a document referred to as a Seller’s Property Information Form. answers turns out to be inaccurate, you could possibly take legal action against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Mansfield Woodhouse.
How up to date is your database of Mansfield Woodhouse solicitors on the Nationwide conveyancing panel? Do Nationwide send you an updated list?
Mansfield Woodhouse conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
I have been told that property searches are the main cause of delay in Mansfield Woodhouse house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in Mansfield Woodhouse.
4 months have gone by following my purchase conveyancing in Mansfield Woodhouse concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing my first flat in Mansfield Woodhouse benefiting from help to buy. The sellers refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not reveal to my conveyancer about the side-deal as it may affect my loan 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.
I own a leasehold flat in Mansfield Woodhouse. Conveyancing and Platform Home Loans Ltd mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Mansfield Woodhouse who previously acted has long since retired. Any advice?
The first thing you should do is contact the Land Registry to be sure that the individual purporting to own the freehold is indeed the new freeholder. It is not necessary to instruct a Mansfield Woodhouse conveyancing lawyer to do this as you can do this on the Land Registry website for £3. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a studio flat in Mansfield Woodhouse, conveyancing having been completed in 2005. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Mansfield Woodhouse with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease comes to an end on 21st October 2091
With 66 years left to run we estimate the price of your lease extension to range between £12,400 and £14,200 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.