I am purchasing a new build apartment in Middlesbrough and my conveyancer is telling me that she is duty bound to the bank to disclose incentives from the developer. I am under pressure to exchange and my preference is not to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
How up to date is your search tool for Middlesbrough conveyancing solicitors on the Coventry BS conveyancing panel? Do Coventry BS send you an updated list?
Middlesbrough conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
Are there restrictive covenants that are commonly identified during conveyancing in Middlesbrough?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Middlesbrough. 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…’
Having checked my lease I have discovered that there are only 72 years left on my lease in Middlesbrough. I now want to get lease extension but my freeholder is can not be found. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. However, you will be required to demonstrate that you have used your best endeavours to track down the landlord. On the whole a specialist may be useful to try and locate and prepare an expert document which can be used as proof that the freeholder is indeed missing. It is wise to seek advice from a solicitor in relation to devolving into the landlord’s disappearance and the application to the County Court covering Middlesbrough.
I own a garden flat in Middlesbrough, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Middlesbrough with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ends on 21st October 2079
With only 55 years remaining on your lease the likely cost is going to span between £31,400 and £36,200 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues 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 placing reliance on this information before getting professional advice.
How much experience do your Middlesbrough conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Middlesbrough conveyancing lawyers help thousands of people move home every year and assisted plenty of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Middlesbrough conveyancers have worked on recent similar cases.