We are about to exchange on the purchase of a house in Wollaston but as a result of wreckage from some water damage at the property I have managed to agree reparation from the vendor in the sum of six thousand pounds taking the form of a deduction in the price. I had intended this to be addressed as part of a side agreement yet Nationwide are not allowing this. Should they have been approached?
The conveyancer being on the Nationwide approved list is required to disclose to Nationwide of any changes to the sale price. If you were to refuse your conveyancer to disclose the price change to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new lawyer for your conveyancing in Wollaston.
My wife and I have recently appointed a conveyancing solicitor in Wollaston. I need to find out whether they are accepted on the Accord Mortgages Ltd conveyancing panel. Can you help?
You should phone your lawyer and ask them whether they are on the lender panel. Alternatively you can call Accord Mortgages Ltd who may be able to confirm.
Will commercial conveyancing searches reveal proposed roadworks that may affect a commercial land in Wollaston?
Its becoming the norm that commercial conveyancing solicitors in Wollaston will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Wollaston. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Wollaston.
For every commercial conveyancing transaction in Wollaston it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Wollaston commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Wollaston.
I'm purchasing a new build house in Wollaston benefiting from help to buy. The builders would not move on the price so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not inform my lawyer about the deal as it could impact 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 today plan to offer on a house that seems to meet my requirements, at a great price which is making it all the more appealing. I have subsequently found out that the title is leasehold rather than freehold. I am assuming that there are issues purchasing a house with a leasehold title in Wollaston. Conveyancing solicitors have are about to be appointed. Will they explain the issues?
The majority of houses in Wollaston are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Wollaston so you should seriously consider shopping around for a Wollaston conveyancing practitioner and be sure that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the landlord’sconsent to carry out changes to the property. It may be necessary to pay a service charge towards the upkeep of the estate where the property is part of an estate. Your solicitor should advise you fully on all the issues.
I purchased a 1st floor flat in Wollaston, conveyancing was carried out 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Wollaston with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease finishes on 21st October 2096
With only 70 years left to run we estimate the price of your lease extension to span between £9,500 and £11,000 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.
I bought a flat in Wollaston last 27/12/2024 and to date it is still not recorded with the Land Registry. It is part of a new estate and my property lawyer told me that it can take 12 months to complete the registration formalities. I have called HMLR directly and they say that the initial application was cancelled due to failure to reply to requisitions. What can I do?
It is your conveyancing practitioner that you should contact in order to satisfy any issues which have arisen as part of the registration formalities for your Wollaston property. Normal Wollaston conveyancing practice includes an undertaking on the part of the previous owner’s property lawyer that they will assist in resolving any requirements raised by HMLR so it may be a case of seeking to enforce that undertaking if necessary.