We are buying a detached bungalow in Countesthorpe. We would like to an extension at the rear at the property.Will the conveyancing process include enquiries to see if these alterations are prohibited?
Your conveyancer should check the deeds as conveyancing in Countesthorpe can on occasion identify restrictions in the title documents which prevent categories of alterations or necessitated the consent of a 3rd party. Certain works require local authority planning consent and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these issues with a surveyor ahead of any purchase.
I had an offer accepted on a property in Countesthorpe on 28/2/2024, valuation was booked 3 days after, received a clean bill of health. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Leeds Building Society and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Leeds Building Society conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
Our offer on a detached house in Countesthorpe has been agreed to, the vendors do however have a connected purchase. The vendors have offered on on an apartment, but it’s not been accepted yet, and have viewings of other flats booked. I have instructed a high street conveyancing solicitor in Countesthorpe. What do I do now? At what stage should I apply for the mortgage with Bank of Ireland?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of £1k, then valuation, Countesthorpe conveyancing search costs, etc). The first course of action is to ensure that your solicitor is on the Bank of Ireland conveyancing panel. Concerning the next stages this very much dictated by the circumstances of your transaction, attraction to this property and on the state of the market. In a buoyant market the majority of purchasers would apply for a home loan with Bank of Ireland and arrange for the valuation and only if it was satisfactory would they ask their lawyer to press on with the conveyancing in Countesthorpe.
five months have gone by following my purchase conveyancing in Countesthorpe concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing my first flat in Countesthorpe with a loan from Clydesdale. The builders refused to budge the amount so I negotiated £7000 of additionals instead. The house builders rep suggested that I not disclose to my lawyer about the side-deal as it could adversely affect my loan with Clydesdale. Do I keep my lawyer in the dark?.
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.
Am I best advised to go with a Countesthorpe conveyancing lawyer based in the location that I am buying? We have a good friend who can conduct the legal formalities but his firm is located 200miles drive away.
The primary upside of using a high street Countesthorpe conveyancing practice is that you can attend the office to sign paperwork, deliver your identification documents and apply pressure on them if necessary. Having local Countesthorpe know how is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and on the whole were happy that should trump using an unknown Countesthorpe conveyancing solicitor just because they are Countesthorpe based.
I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have since been informed that it's a leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in Countesthorpe. Conveyancing advisers have are about to be appointed. Will they explain the issues?
The majority of houses in Countesthorpe are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in Countesthorpe in which case you should be looking for a Countesthorpe conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the landlord’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the property is located on an estate. Your lawyer should report to you on the legal implications.
Leasehold Conveyancing in Countesthorpe - A selection of Questions you should consider Prior to buying
-
How much is the ground rent and service charge? The answer will be helpful as a) areas can cause problems in the block as the common areas may start to deteriorate where maintenance are not paid for b) if the tenants have a dispute with the managing agents you will want to have all the details Does the lease have onerous restrictions?
I am looking for Countesthorpe online conveyancing estimates. Can I be confident that all the Countesthorpe firms that are identified on your website are on the mortgage company conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have assured us via an online form that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Countesthorpe conveyancing solicitor being on the mortgage company conveyancing panel is incorrect.