I am downsizing from our property in Stilton and according to the buyers it appears 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 buyers used an internet conveyancing firm as opposed to a conveyancing solicitor in Stilton. We have lived in Stilton for 4 years we know of no issue. Should we get in touch with our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing firm already. Are they able to advise? You should check with 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 life insurance to cover that same ailment)
I am purchasing my first flat in Stilton with a loan from Virgin Money. The sellers refused to budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not disclose to my conveyancer about this deal as it may adversely affect my mortgage with the lender. 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.
I am looking for a ground for flat up to £305k and identified one round the corner in Stilton I like with a park and railway links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Stilton suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan the shortness of the lease will be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I have been advised by a few estate agents in Stilton to select a property lawyer on your site. Is there a financial advantage for Estate Agents to recommend your lawyers ahead of another?
We don’t offer any referral fee for sending work to this site. We thought it would be too underhand a fee as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My cousin has recommend that I instruct his lawyers for conveyancing in Stilton. Do I follow his advice?
There are no two ways about it the best way to find a conveyancing practitioner is to seek referrals from friends or family who have experience in using the solicitor that you are are thinking of instructing.
I today plan to offer on a house that appears to tick a lot of boxes, at a great figure which is making it all the more appealing. I have subsequently discovered that it's a leasehold rather than freehold. I would have thought that there are issues purchasing a house with a leasehold title in Stilton. Conveyancing advisers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Stilton ?
Most houses in Stilton are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Stilton in which case you should be looking for a Stilton conveyancing solicitor and check that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the freeholder’sconsent to conduct changes to the property. It may be necessary to pay a service charge towards the maintenance of the estate where the house is located on an estate. Your solicitor should report to you on the legal implications.
Stilton Leasehold Conveyancing - Sample of Questions you should ask before Purchasing
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Make sure you enquire if the the lease includes any unreasonable restrictions in the lease. By way of example some leases prohibit pets being allowed in in a block in Stilton. If you love the propertyin Stilton but your dog is not allowed to live with you then you will be presented with a hard decision. Where a Stilton lease has less than eighty years it will affect the value of the apartment. Check with your lender that they are content with residual term of the lease. A short lease means that you will almost definitely need a lease extension at some point and it is worth discovering what this would cost. For most Stiltonlease extensions you would be required to have been the owner of the property for a couple of years before you are legally able to carry out a lease extension. Is the freehold reversion owned collectively by the leaseholders?