Much to our surprise we have been notified by our lender that my Weston super Mare lawyer is not on the bank Solicitor panel. What can I do to be sure that this is correct?
The sensible course of action for you to take is to call your Weston super Mare lawyer directly. You lawyer should notify you of the situation. Where they are not on the panel they may recommend you to a Weston super Mare conveyancing practice that is on the approved list of lawyers for your lender.
I have given 8 weeks notice to my current landlord and must leave my rented flat in Weston super Mare by 31/10/2025. Conveyancing on my purchase is underway. Is it possible to complete in three weeks as I wish to avoid having to find short term accommodation?
Generally one should not serve notice for your lease unless you have exchanged. If you have not already done so, notify to your lawyer and request that they chase the other lawyers, try to get a realistic time scale from them that all parties will work to achieve
Are there restrictive covenants that are commonly picked up during conveyancing in Weston super Mare?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Weston super Mare. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm buying a new build house in Weston super Mare with the aid of help to buy. The builders refused to move on the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not to tell my solicitor about this deal as it could adversely affect my loan 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 £245,000 and found one close by in Weston super Mare I like with a park and station nearby, however it's only got 51 years on the lease. I can't really find anything else in Weston super Mare for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term may be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
Last March I purchased a leasehold house in Weston super Mare. Am I liable to pay service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I acquired a leasehold flat in Weston super Mare, conveyancing was carried out February 2007. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Weston super Mare with a long lease are worth £222,000. The ground rent is £50 invoiced every year. The lease ends on 21st October 2095
With just 70 years left to run we estimate the price of your lease extension to span between £9,500 and £11,000 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.