I am about to complete buying a property in Royal Tunbridge Wells but as a result of wreckage from a small fire at the property I have managed to agree compensation from the seller in the sum of six thousand pounds taking the form of a deduction in the price. I had intended this to be dealt with as part of a side agreement yet Bank of Ireland will not agree to this. Should they have been involved?
Any lawyer being on a Bank of Ireland approved list is required to disclose to Bank of Ireland of any changes to the purchase price. If you prohibit your lawyer to notify the price change to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new conveyancing practitioner for your conveyancing in Royal Tunbridge Wells.
Finally the sale completed on my house in Royal Tunbridge Wells last October but our buyer keeps whats apping every few hours complaining that their conveyancer is waiting to hear from mysolicitor. What should have happened now that I have sold?
Post completion of your sale your solicitor should send the transfer documentation and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also send confirmation that the mortgage has been paid off to the purchasers solicitors. There is unlikely to be post completion tasks peculiar conveyancing in Royal Tunbridge Wells.
I purchased a terraced Victorian house in Royal Tunbridge Wells. Conveyancing lawyer acted for me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be 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 Royal Tunbridge Wells and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing lawyer who conducted the purchase.
I'm buying my first flat in Royal Tunbridge Wells with the aid of help to buy. The sellers would not reduce the amount so I negotiated 6k of additionals instead. The sale representative told me not disclose to my lawyer about this side-deal as it may impact my mortgage with the lender. Should I keep quiet?.
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.
Due to exchange soon on a basement flat in Royal Tunbridge Wells. Conveyancing solicitors inform me that they are sending me a report next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Royal Tunbridge Wells should include some of the following:
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Does the lease require carpeting throughout thus preventing wood flooring? Alterations to the premises Setting out your rights in relation to common areas in the block.For example, does the lease include a right of way over an accessway or hallways? Advice as to the provision in the lease to pay service charges - in relation to the building, and the wider rights a tenant has You should know whether the lease permits you to alter or upgrade aspects of the premises- you must know whether any restrictions relates to all alterations or limited to structural alteration, and whether permission is mandated necessary
I am the registered owner of a leasehold flat in Royal Tunbridge Wells, conveyancing having been completed 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Royal Tunbridge Wells with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ceases on 21st October 2077
With 52 years unexpired we estimate the price of your lease extension to be between £29,500 and £34,000 as well as legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
We are seeking to purchase a repossessed flat in Royal Tunbridge Wells and the vendor would like to complete inside a week. Can a solicitor meet that timeframe? Would it be better to use a local Royal Tunbridge Wells firm or an online firm that professes to complete quickly?
Visit your Royal Tunbridge Wells high street. Go in to 3 firms and request to see a conveyancing solicitor for an estimate. Explain your situation and get assurances on deadlines. Choose the firm that comes across as most trustworthy. Make sure to choose a solicitor on the list of conveyancing practitioners who can act for your mortgage company.