We are close to exchanging contracts on the sale of our home in Ryhope and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A local lawyer would know that there is no such problem. It does beg the question why the purchasers instructed a factory type conveyancing firm as opposed to a conveyancing solicitor in Ryhope. Having lived in Ryhope for 4 years we know of no issue. Do we get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am purchasing my first flat in Ryhope with a loan from Aldermore. The developers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The property agent told me not reveal to my lawyer about this deal as it would affect my mortgage with Aldermore. 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.
Over the last few months I have been searching for a flat up to £235,500 and identified one round the corner in Ryhope I like with open areas and transport links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Ryhope for this price, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the shortness of the lease will be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
I am a sole trader planning to take an assignment of a lease of a shop on the high street. Can you recommend conveyancers offering competitive costs for commercial conveyancing in Ryhope for under £2000?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Ryhope, including the disposal and purchase of businesses as well as simply premises. Whether you are hoping to purchase or dispose of a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right solicitor. Regarding the costs this will depend on the structure and nuances of the proposed transaction. Please provide us with your contact information or email so as to enable us to furnish you with a detailed commercial conveyancing quote.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Ryhope. I happened to discover a web site which seems to have the ideal solution If there is a chance to get all formalities completed via web that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am soon to exchange on the purchase a house in Ryhope but as a consequence of damage from the recent storms I have negotiated recompense from the owner of four thousand pounds taking the form of a deduction in the price. This was going to be dealt with as part of the conveyancing process yet the lender will not permit this. Why were they approached?
The conveyancer being on the lender approved list is duty bound to disclose to the mortgage company of any amendments to the sale amount. In the event that you were to refuse your solicitor to report the reduction to your bank then they would have to discontinue acting for you and the lender.