I have just been advised by my broker that my Silsworth lawyer is not on the bank Conveyancing panel. How can I check?
Your first step should be to call your Silsworth lawyer directly. It is reasonable to expect your lawyer to notify you what has happened. If they are not on the panel they may be able to suggest a Silsworth conveyancing practice that is on the conveyancing panel for your bank.
Do commercial conveyancing searches reveal impending roadworks that could affect a commercial premises in Silsworth?
Many commercial conveyancing solicitors in Silsworth will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Silsworth. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Silsworth.
For every commercial conveyancing transaction in Silsworth it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Silsworth commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Silsworth.
It has been 2 months following my purchase conveyancing in Silsworth completed. I have checked the Land Registry website which shows that I paid £150,000 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 buying a new build house in Silsworth with a loan from Clydesdale. The developers would not reduce the price so I negotiated £7000 of additionals instead. The estate agent told me not inform my solicitor about the side-deal as it could affect my mortgage with the lender. 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.
I have been recommended by a few property agents in Silsworth to locate a property lawyer on your site. What’s the financial advantage for Estate Agents to market your lawyers over and above another?
We don’t offer any commission for pointing buyers and sellers in our direction. We thought it would be too underhand to pay a commission as a client could think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
I have just appointed agents to market my basement flat in Silsworth. Conveyancing lawyers have not yet been instructed, however I have just received a yearly service charge invoice – Do I pay up?
It best that you discharge the service charge as you normally would given that all rents and maintenance payments should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a ground floor flat in Silsworth, conveyancing was carried out December 2012. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Silsworth with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ends on 21st October 2105
With just 80 years unexpired the likely cost is going to span between £8,600 and £9,800 as well as legals.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.