We are downsizing from our property in Carterton and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. Any local lawyer would know this is not the case. It does beg the question why the purchasers instructed an online conveyancing outfit as opposed to a conveyancing solicitor in Carterton. We have lived in Carterton for six years we know of no issue. Do we get in touch with our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I'm buying my first flat in Carterton benefiting from help to buy. The sellers refused to reduce the amount so I negotiated 6k of extras instead. The house builders rep advised me not disclose to my conveyancer about this extras as it may impact my mortgage with the 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 opted to have a survey completed on a house in Carterton before retaining solicitors. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some banks may not issue a mortgage on such a house.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you contact us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Carterton. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Carterton cover?
Carterton conveyancing for business premises covers a broad array of guidance, offered by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I today plan to offer on a house that appears to be perfect, at a reasonable figure which is making it more attractive. I have subsequently found out that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Carterton. Conveyancing advisers have are soon to be instructed. Will they explain the issues?
The majority of houses in Carterton are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in Carterton in which case you should be shopping around for a Carterton conveyancing solicitor and check that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the landlord’sconsent to carry out changes to the property. You may also be required to pay a contribution towards the maintenance of the estate where the house is part of an estate. Your conveyancer will advise you fully on all the issues.
I am the registered owner of a studio flat in Carterton, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Carterton with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease terminates on 21st October 2080
With 55 years remaining on your lease we estimate the price of your lease extension to span between £31,400 and £36,200 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.
Are you able to set out the aspects of conveyancing provided by Carterton conveyancing practices?
On the whole Carterton conveyancing organisations can conduct various legal advice to domestic and rural land owners, sellers, first time buyers, freeholders and tenants such as:
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House sale conveyancing in Carterton or beyond
Private residential purchase conveyancing in Carterton and also around the country
Planning and boundary enquiries Carterton lease extensions and enfranchisement matters Complex land law issues Equity transfer between partners and families