My fiancee and I are buying our first home. The conveyancer has texted usto see if we want to order supplemental conveyancing searches. We are really unsure what's relevant for conveyancing in Ollerton
The type of Ollerton conveyancing searches depends primarily on the premises, the location, the possibility of any of these risks, your familiarity of the locality and risks, your general appetite to risk. What is important is that you adequately comprehend what information each search could provide. You may then decide if you consider that you need that search. If unclear, ask your lawyer to advise.
We are selling our apartment in Ollerton. Will my conveyancing practitioner have to be required to be on the Yorkshire BS conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Yorkshire BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
We are purchasing a detached bungalow in Ollerton. We would like to an extension at the rear at the house.Will the conveyancing process include checks to determine if these alterations are allowed?
Your solicitor will review the registered title as conveyancing in Ollerton will occasionally identify restrictions in the title documents which prohibit certain changes or need the permission of a 3rd party. Certain works require local authority planning permissions and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
We are getting a further advance on our mortgage from Leeds Building Society as we intend to carry out renovations to our house in Ollerton. Are we obliged to choose a nearby Ollerton solicitor on the Leeds Building Society conveyancing panel to deal with the legals?
Leeds Building Society would not normally require firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society panel.
I am expecting a OIP from Nottingham this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nottingham recommend any Ollerton solicitors on the Nottingham conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Ollerton solicitors independently although you'll need to choose one on the Nottingham conveyancing panel. The solicitor represents both you and Nottingham through the process.
I own a terraced Georgian house in Ollerton. Conveyancing practitioner represented me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ollerton and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing practitioner who carried out the work.
I'm buying my first flat in Ollerton with a loan from Santander. The builders would not budge the amount so I negotiated 6k of additionals instead. The property agent suggested that I not disclose to my solicitor about the deal as it could jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
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 am intending to let out my leasehold flat in Ollerton. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
Notwithstanding that your last Ollerton conveyancing solicitor is no longer around you can check your lease to see if it allows you to sublet the apartment. The rule is that if the lease is silent, subletting is allowed. There may be a precondition that you are obliged to obtain permission from your landlord or some other party before subletting. This means you not allowed to sublet in the absence of prior permission. The consent must not not be unreasonably refused ore delayed. If the lease prohibits you from subletting the property you should ask your landlord if they are willing to waive this restriction.
I bought a 1 bedroom flat in Ollerton, conveyancing having been completed in 1996. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Ollerton with a long lease are worth £186,000. The ground rent is £55 per annum. The lease terminates on 21st October 2077
You have 53 years unexpired we estimate the price of your lease extension to range between £27,600 and £31,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending 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 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.