I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Cherry Willingham. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 23/3/2023, the requirements read as follows :
I am downsizing from our home in Cherry Willingham and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Cherry Willingham lawyer would know this is not the case. It does beg the question why the buyers instructed a web based conveyancing practice rather than a conveyancing solicitor in Cherry Willingham. Having lived in Cherry Willingham for six years we know of no issue. Should we get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. What do they say? You should enquire of 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 health insurance to cover that same sickness)
I used Stirling Law a few years past for my conveyancing in Cherry Willingham. I now require my papers however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Cherry Willingham of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying my first flat in Cherry Willingham with the aid of help to buy. The developers would not move on the price so I negotiated £7000 of additionals instead. The estate agent told me not disclose to my conveyancer about this extras as it may adversely affect 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've found a house that appears to meet my requirements, at a great figure which is making it all the more appealing. I have subsequently discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Cherry Willingham. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Cherry Willingham ?
Most houses in Cherry Willingham are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Cherry Willingham in which case you should be shopping around for a Cherry Willingham conveyancing practitioner and check that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’sconsent to conduct alterations. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the house is located on an estate. Your solicitor will report to you on the legal implications.
I own a ground floor flat in Cherry Willingham, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Cherry Willingham with over 90 years remaining are worth £165,000. The ground rent is £50 per annum. The lease finishes on 21st October 2101
You have 78 years remaining on your lease we estimate the price of your lease extension to span between £7,600 and £8,800 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
I have just placed an offer on an apartment in Cherry Willingham and the estate agent that we are using suggested his conveyancer. They quoted £800 excluding VAT and disbursements. Does this sound expensive?
You should not rely on a single estimate. You should seek like-for-like quotes for your conveyancing in Cherry Willingham. Then select one that you are comfortable with and just as important, is on the approved panel of the lender that you have applied for a mortgage from.