My wife and I are about to exchange buying a house in Batheaston but as a result of damage from a small fire at the property I have was able negotiate compensation from the current proprietors in the sum of £2k by way of a adjustment in the price. This was going to be dealt with as part of a side agreement yet Nottingham will not agree to this. Why were they involved?
Any lawyer being on the Nottingham approved list is duty bound to advise Nottingham of any variations to the sale price. If you prohibit your property lawyer to notify the reduction to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new conveyancer for your conveyancing in Batheaston.
Will my lawyer be raising questions about flooding as part of the conveyancing in Batheaston.
Flooding is a growing risk for lawyers conducting conveyancing in Batheaston. Some people will acquire a house in Batheaston, fully aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, however there are a various checks that can be initiated by the purchaser or on a buyer’s behalf which should figure out the risks in Batheaston. The conventional set of completed inquiry forms given to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the owner to determine whether the property has suffered from flooding. In the event that the premises has been flooded in past and is not disclosed by the owner, then a buyer may commence a legal claim for losses as a result of such an misleading answer. The purchaser’s lawyers may also commission an environmental report. This should disclose if there is any known flood risk. If so, additional investigations will need to be conducted.
Are there restrictive covenants that are commonly picked up during conveyancing in Batheaston?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Batheaston. 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…’
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Batheaston is where the house is located. Is there any guidance you can impart?
Flying freeholds in Batheaston are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Batheaston 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 Batheaston may determine 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.
My husband and I are 3 weeks into a leasehold purchase having been directed to a firm by the selling agent to perform conveyancing in Batheaston. I am not happy. Could you you assist me in finding new conveyancers?
They would have to be very bad in order to consider changing them. Has the mortgage offer been generated? If so you will need to inform them of the new solicitor and have the loan are re-sent. The conveyancer needs to be on the mortgage company panel to avoid added fees and delays. So that should be your first question of the new solicitors. Our find a solicitor tool should assist you in finding a lender approved lawyer for your conveyancing in Batheaston
I've recently bought a leasehold house in Batheaston. Am I liable to pay service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a 1 bedroom flat in Batheaston, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Batheaston with a long lease are worth £202,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease finishes on 21st October 2081
With only 56 years remaining on your lease the likely cost is going to be between £29,500 and £34,000 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.