I am purchasing my first flat in Shillington with a loan from Barnsley Building Society. The builders refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The estate agent told me not to tell my solicitor about the extras as it would impact my loan with Barnsley Building Society. Should I keep quiet?.
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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Shillington is where the house is located. What do you suggest?
Flying freeholds in Shillington are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shillington you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shillington may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am a sole trader hoping to take an assignment of a lease of an office on a shopping parade. Can you recommend conveyancers offering competitive costs for commercial conveyancing in Shillington for below £1,200?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Shillington, including the disposal and acquisition of businesses as well as simply property. Whether you are hoping to purchase or dispose of a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right solicitor. Regarding the fees this will depend on the structure and terms of the proposed transaction. Please provide us with your details or phone us so that we can furnish you with comprehensive commercial conveyancing quote.
We are 14 days into a residential purchase having been referred to conveyancers by the high street agent to handle our conveyancing in Shillington. We are not happy. Can you help me find new solicitors?
They would need to be really bad to suggest changing them. Has your mortgage offer been generated? In the event that it has you must advise them of the replacement conveyancer and get the offer are issued to the new lawyers. Your conveyancer should be on the lenders approved list to avoid added expenses and delays. So that should be your first question of the new lawyers. Our find a solicitor tool can help you find a bank approved solicitor for your conveyancing in Shillington
I have recently realised that I have Seventy years left on my lease in Shillington. I now wish to get lease extension but my landlord is missing. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you have done all that could be expected to track down the landlord. For most situations a specialist may be useful to conduct investigations and to produce a report which can be accepted by the court as evidence that the landlord can not be located. It is advisable to get professional help from a property lawyer both on investigating the landlord’s disappearance and the application to the County Court covering Shillington.
I bought a garden flat in Shillington, conveyancing was carried out July 2006. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Shillington with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease expires on 21st October 2077
With only 52 years unexpired we estimate the price of your lease extension to range between £29,500 and £34,000 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.