Are the BSA planning on creating a online directory to to identify solicitors on the Norwich and Peterborough Building Society conveyancing panel for example in Thatcham?
Lexsure has not been advised of any plans on the part of the BSA to promote such a tool.
My colleague recommended that where I am buying in Thatcham I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Thatcham conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Thatcham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Thatcham Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information regarding Thatcham.
I am buying my first flat in Thatcham with a mortgage from Bank of Scotland. The sellers would not budge the amount so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not inform my conveyancer about this deal as it may adversely affect 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.
As co-executor for the estate of my aunt I am selling a property in Cardiff but live in Thatcham. My solicitor (who is 250 kilometers from merequires that I sign a statutory declaration before completion. Could you suggest a conveyancing lawyer in Thatcham who can attest this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Thatcham based
Due to complete next month on a garden flat in Thatcham. Conveyancing lawyers assured me that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Thatcham should include some of the following:
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The unexpired lease term. You should be advised as what happens when the lease ends, and informed of the importance of the 80 year mark Who has the liability to repair and maintain the main walls and foundations. It is important for you to know which party is duty bound to repair and maintenance of every part of the building Alterations to the premises Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? Repair and maintenance of the premises
I invested in buying a split level flat in Thatcham, conveyancing was carried out in 2009. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Thatcham with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease comes to an end on 21st October 2077
With 52 years unexpired the likely cost is going to range between £29,500 and £34,000 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.
I pay a service charge for my flat in Thatcham. Due to redundancy and personal issues I fell behind with payments. I negotiated a settlement plan but there remains two due in arrears.
I am under pressure to sell and I am panicking this may threaten to derail the sale if I have to discharge the arrears in advance. Do I have to settle before - is this viable?
Do check with the conveyancing practitioner undertaking your Thatcham conveyancing but one option could be to arrange for the arrears to be passed to the buyers. The purchase price due would be adjusted to reflect the amount of debt they assume. They could then pay the arrears after completion of the sale.