I am downsizing from our property in Withernsea and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. Any high street Withernsea lawyer would know this is not the case. For the life of me I don't know why the purchasers are using a web based conveyancing practice as opposed to a conveyancing solicitor in Withernsea. We have lived in Withernsea for 4 years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. 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 buying a new build house in Withernsea benefiting from help to buy. The sellers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The property agent advised me not reveal to my lawyer about the deal as it could impact my mortgage with HSBC Bank. Is this normal?.
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.
Over the last few months I have been searching for a flat up to £235,500 and identified one near me in Withernsea I like with a park and transport links nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in Withernsea suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the shortness of the lease may be an issue. Reduce 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 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
I am looking into buying my first house which is in Withernsea and I am already nervous. I couldn't find anything specific about Withernsea. Conveyancing will be needed in due course but do you know about the Withernsea area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Withernsea. In the meantime here are some basic statistics that we found
I need to retain a conveyancing solicitor for purchase conveyancing in Withernsea. I happened to discover a site which seems to have the ideal solution If it is possible to get all this stuff completed via web that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
When it comes to leasehold conveyancing in Withernsea what are the most frequent lease problems?
Leasehold conveyancing in Withernsea is not unique. All leases are drafted differently and legal mistakes in the legal wording can result in certain sections are missing. The following missing provisions could result in a defective lease:
-
Service charge per centages that don't add up correctly leaving a shortfall
A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Nationwide Building Society, Barnsley Building Society, and Bank of Ireland all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to pull out.
I bought a 1st floor flat in Withernsea, conveyancing having been completed August 2005. Can you work out an approximate cost of a lease extension? Comparable flats in Withernsea with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 levied per year. The lease terminates on 21st October 2084
With just 59 years unexpired the likely cost is going to be between £20,900 and £24,200 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.