My wife and I own a renovated Edwardian house in Bath. Conveyancing practitioner represented me and Clydesdale. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold with the exact same property. Is it worth asking Clydesdale to clarify?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bath and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing lawyer who conducted the conveyancing.
I'm buying my first flat in Bath with a mortgage from The Royal Bank of Scotland. The sellers would not budge the price so I negotiated £7000 of additionals instead. The sale representative told me not reveal to my solicitor about this side-deal as it could jeopardize my mortgage 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 am looking for a leasehold apartment up to £245,000 and found one round the corner in Bath I like with a park and transport links in the vicinity, the downside is that it's only got 61 years on the lease. I can't really find anything else in Bath suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage that many years will likely be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I am looking to sell my house. My past conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Bath if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Bath. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I am using a search engine for the term cheap conveyancing in Bath it shows results of many property lawyersin the vicinity. How do I determine which is the suitable conveyancing solicitor for me?
The ideal way of finding the right conveyancer is through a trusted referral, so enquire of friends and relatives who have bought a property in Bath or a local estate agent or financial adviser. Fees for conveyancing in Bath differ, so it's advisable to obtain at least four fee estimates from varying types of property lawyers. Make sure that you clarify that the fees are fixed.
I am intending to sublet my leasehold flat in Bath. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
Notwithstanding that your previous Bath conveyancing lawyer is not around you can review your lease to check if it allows you to sublet the property. The accepted inference is that if the lease is silent, subletting is allowed. Quite often there is a prerequisite that you are obliged to seek permission from your landlord or some other party before subletting. The net result is you not allowed to sublet without first obtaining consent. Such consent must not not be unreasonably turned down. If the lease does not allow you to sublet you should ask your landlord if they are willing to waive this restriction.
I am the registered owner of a leasehold flat in Bath, conveyancing was carried out 7 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Bath with over 90 years remaining are worth £175,000. The ground rent is £65 per annum. The lease ends on 21st October 2084
With only 58 years left to run the likely cost is going to span between £23,800 and £27,400 plus 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 are not able to provide a more accurate figure in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.