I am purchasing a maisonette in Petts Wood. My Conveyancer is not on the lender solicitor list. Is it possible for me to appoint my Petts Wood conveyancing solicitor even though they are not on the bank panel?
Various options include
- Proceed with your chosen Petts Wood conveyancing practitioner but your bank will no doubt appoint a lawyer from their approved list. The net result is additional charges and probable delay.
- Get a fresh lawyer to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Appeal to your solicitor to apply to join the mortgage company panel
A friend suggested that if I am buying in Petts Wood I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Petts Wood conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Petts Wood around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Petts Wood Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Petts Wood Education with maps and statistics, Local Amenities and other useful data regarding Petts Wood.
I am buying my first flat in Petts Wood with a mortgage from Virgin Money. The developers refused to move on the price so I negotiated £7000 of additionals instead. The estate agent advised me not disclose to my solicitor about the extras as it may impact my loan with Virgin Money. 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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a simple, no chain conveyancing. Petts Wood is the location of the property. Can you offer any guidance?
Flying freeholds in Petts Wood are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Petts Wood you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Petts Wood may ascertain 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 residence.
My business partner and I are wishing to take an assignment of a lease of a shop on a shopping parade. Can you recommend lawyers offering fixed fees for commercial conveyancing in Petts Wood for below 2k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Petts Wood, including the sale and acquisition of businesses as well as simply premises. Whether you are hoping to acquire or lease a shop, pub, restaurant, office, retail unit or a whole business we can find you the right firm. As for the costs these will vary based on the structure and complexity of the deal. Let us have your details or phone us so that we can furnish you with a fixed commercial conveyancing calculation.
I own a leasehold house in Petts Wood. Conveyancing and Birmingham Midshires mortgage organised. I have received a letter from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Petts Wood who previously acted has now retired. Any advice?
The first thing you should do is contact HMLR to make sure that the individual purporting to own the freehold is in fact the new freeholder. There is no need to instruct a Petts Wood conveyancing practitioner to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Following months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Petts Wood. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to arrive at the sum to be paid.
An example of a Lease Extension case for a Petts Wood residence is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case was in relation to 1 flat. The unexpired term was 50.57 years.