My partner and I have just purchased a property in Stoke Sub Hamdon. We have since encountered a number of problems with the property which we consider were missed in the conveyancing searches. Do we have any recourse? Can you clarify the type of searches that needed to have been carried out for conveyancing in Stoke Sub Hamdon?
It is not clear from the question as what problems have arisen and if they are specific to conveyancing in Stoke Sub Hamdon. Conveyancing searches and due diligence undertaken during the buying process are carried out to help avoid problems. As part of the process, a property owner answers a form known as a SPIF. If the information ends up being misleading, then you may have a claim against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Stoke Sub Hamdon.
We are planning on selling our home in Stoke Sub Hamdon and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any local lawyer would know this is not the case. It does beg the question why the buyers used an online conveyancing practice rather than a conveyancing solicitor in Stoke Sub Hamdon. We have lived in Stoke Sub Hamdon for six years we know that this is a non issue. Do we get in touch with our local Authority to obtain clarification need.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You need to 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 Stoke Sub Hamdon with a loan from HSBC Bank. The developers refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not reveal to my solicitor about this side-deal as it will adversely affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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 opted to have a survey completed on a house in Stoke Sub Hamdon prior to instructing conveyancers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some lenders may refuse to issue a loan on such a house.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Stoke Sub Hamdon. Conveyancing will be smoother if you use a solicitor in Stoke Sub Hamdon especially if they are accustomed to such properties in Stoke Sub Hamdon.
In sourcing the world wide web for the words cheap conveyancing in Stoke Sub Hamdon it shows results of many property lawyersin the vicinity. How do I determine which is the suitable property lawyer for my move?
The best way of finding the right conveyancer is through a personal recommendation, so enquire of friends and family who have bought a property in Stoke Sub Hamdon or a reputable estate agent or financial adviser. Costs for conveyancing in Stoke Sub Hamdon vary, so it's advisable to secure at least four quotes from varying types of conveyancers. Dont forget to clarify that the charges are assured not to to be inflated.
Planning to exchange soon on a garden flat in Stoke Sub Hamdon. Conveyancing solicitors assured me that they report fully tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Stoke Sub Hamdon should include some of the following:
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You must be advised what constitutes a Nuisance in the lease What options are open to you if a neighbour breaches a clause of their lease? How long the lease is. You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark Are pets allowed in the flat?
I invested in buying a garden flat in Stoke Sub Hamdon, conveyancing having been completed 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Stoke Sub Hamdon with an extended lease are worth £202,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ends on 21st October 2081
With just 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 costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should 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.