Do the Building Society Association intend to launch a search tool with a view to list law firms on the Coventry BS conveyancing panel for instance in Aldershot?
Lexsure has not been advised of any plans on the part of the BSA to promote such a tool.
What does a local search inform me about the house we're purchasing in Aldershot?
Aldershot conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for instance Searches UK The local search is essential in every Aldershot conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I am buying my first flat in Aldershot with a loan from Lloyds TSB Bank. The sellers would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep advised me not to tell my conveyancer about the deal as it will adversely affect my mortgage with Lloyds TSB 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.
I decided to have a survey completed on a property in Aldershot prior to appointing conveyancers. I have been told that there is a flying freehold element to the house. The surveyor advised that some banks will refuse to grant a mortgage on a flying freehold property.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Aldershot. Conveyancing will be smoother if you use a solicitor in Aldershot especially if they regularly deal with such properties in Aldershot.
Hoping to buy a property located in Aldershot and I am already nervous. I couldn't find anything specific about Aldershot. Conveyancing will be needed in due course but do you know about the Aldershot area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Aldershot. In the meantime here are some basic statistics that we found
My wife and I purchased a leasehold flat in Aldershot. Conveyancing and Chelsea Building Society mortgage are in place. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1992. The conveyancing solicitor in Aldershot who previously acted has long since retired. What should I do?
First make enquiries of HMLR to be sure that this person is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Aldershot conveyancing lawyer to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I purchased a 1st floor flat in Aldershot, conveyancing formalities finalised 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Aldershot with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 levied per year. The lease terminates on 21st October 2078
With only 53 years unexpired the likely cost is going to be between £27,600 and £31,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns 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 based on this information before getting professional advice.