IfI were to buy a straightforward homein Belmont mortgage fee and have no survey and no local authority searches how much could I expect to to save on my conveyancing in Belmont?
The sole saving you would make on is the Belmont conveyancing searches. Your solicitor still be obliged to do everything else - money laundering, liaising with the sellers conveyancing practitioner, SDLT return, register the property etc. A slight saving might be made by not having to register a charge but it won't be significant.
We see that you have a post code search directory listing law firms on the Nottingham conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Belmont?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Belmont.
Are there restrictive covenants that are commonly identified during conveyancing in Belmont?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Belmont. 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…’
I am purchasing a new build house in Belmont with a loan from Chelsea Building Society. The developers refused to move on the price so I negotiated 6k of additionals instead. The house builders rep advised me not disclose to my lawyer about this side-deal as it could adversely affect my loan with Chelsea 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.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Belmont is where the house is located. Is there any advice you can impart?
Flying freeholds in Belmont are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Belmont you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Belmont 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 property.
Harry (my fiance) and I may need to sub-let our Belmont ground floor flat for a while due to a career opportunity. We used a Belmont conveyancing firm in 2004 but they have closed and we did not think at the time get any guidance as to whether the lease allows us to sublet. How do we find out?
Even though your last Belmont conveyancing lawyer is no longer available you can check your lease to check if you are permitted to let out the apartment. The rule is that if the deeds are silent, subletting is allowed. Quite often there is a prerequisite that you need to obtain consent via your landlord or other appropriate person prior to subletting. The net result is that you cannot sublet without prior consent. The consent must not not be unreasonably refused ore delayed. If your lease prohibits you from subletting the property you should ask your landlord for their consent.
We have reached the end of our tether in trying to purchase the freehold in Belmont. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We are happy to put you in touch with a Belmont conveyancing firm who can help.
An example of a Lease Extension decision for a Belmont residence is 197 Byron Road in March 2013. In relation to the value of the extended lease the tribunal concluded that the appropriate premium should be £19237 This case was in relation to 1 flat. The remaining number of years on the lease was 70.92 years.