We are planning to buy with Norwich and Peterborough Building Society. I visited a couple of local solicitors yet am unable to find a Shenley Brook End conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you assist?
Please do make the most of the search tool on this site. Pick the lender and type Shenley Brook End or your location and you will discover numerous conveyancers based in Shenley Brook End or nearest you.
Will our conveyancer be raising questions about flooding as part of the conveyancing in Shenley Brook End.
The risk of flooding is if increasing concern for solicitors specialising in conveyancing in Shenley Brook End. Plenty of people will buy a house in Shenley Brook End, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, however there are a various searches that can be carried out by the purchaser or by their solicitors which should give them a better understanding of the risks in Shenley Brook End. The standard completed inquiry forms supplied to a buyer’s solicitor (where the Conveyancing Protocol is adopted) includes a usual question of the vendor to find out whether the premises has historically flooded. In the event that the premises has been flooded in past and is not revealed by the vendor, then a buyer could issue a claim for damages as a result of such an misleading answer. A purchaser’s lawyers will also order an enviro search. This should higlight whether there is any known flood risk. If so, more detailed inquiries should be conducted.
I have todayfound out that Stirling Law have been shut down. They conducted my conveyancing in Shenley Brook End for a purchase of a leasehold flat 12 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The easiest way to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Shenley Brook End conveyancing specialists.
I'm purchasing my first flat in Shenley Brook End benefiting from help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep advised me not to tell my lawyer about this extras as it will impact my loan with the bank. Is this normal?.
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.
My husband and I are a couple of weeks into a freehold purchase having been referred to a firm by the local agent to handle our conveyancing in Shenley Brook End. I am am very frustrated with the quality of service. Could you help me find new conveyancers?
They would have to be really bad to suggest replacing them. Has your mortgage offer been issued? If so you need to advise them of the new contact details and get the offer are re-sent. Your solicitor ideally needs to be on the lenders approved list to avoid escalating charges and delays. So that should be your first question of the new conveyancers. Our find a solicitor tool will help you find a lender approved lawyer for your conveyancing in Shenley Brook End
Looking forward to sign contracts shortly on a ground floor flat in Shenley Brook End. 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 Shenley Brook End should include some of the following:
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if lease has a provision for a sinking fund? Repair and maintenance of the premises Advice as to the provision as set out in the lease to pay service charges - with regard to both the building, and the wider rights a lessee has Whether the lease restricts you from subletting the property, or working from home What remedies are open the freeholder should you are in breach of your lease terms?
I bought a leasehold flat in Shenley Brook End, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Shenley Brook End with a long lease are worth £202,000. The average or mid-range amount of ground rent is £60 yearly. The lease expires on 21st October 2082
With only 56 years remaining on your lease we estimate the premium for your lease extension to range between £29,500 and £34,000 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. 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 without first getting professional advice.