My wife and I are due to complete on the purchase of a house in Crowborough but as a consequence of wreckage from a small fire at the property I have managed to agree recompense from the owner of £3k taking the form of a adjustment in the price. This was going to be addressed as part of amending the contract yet Yorkshire BS will not permit this. Why were they approached?
The conveyancing practitioner being on a Yorkshire BS conveyancing panel is obliged to disclose to Yorkshire BS of any amendments to the purchase price. If you prohibit your conveyancing practitioner to report the price change to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new solicitor for your conveyancing in Crowborough.
I'm spending time viewing flats in Crowborough and I am about to put in an offer. Should I already have a lawyer appointed at this point? I am planning to take a mortgage with TSB.
It would be wise to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are obtaining a mortgage with TSB, ask your prospective lawyers if they are on the TSB conveyancing panel otherwise they can't do the mortgage legal work.
I have decided to exercise my right to buy my property in Crowborough off the council. I have a mortgage agreed with Coventry BS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Coventry BS, you will need to appoint a solicitor on the Coventry BS conveyancing panel.
It is unclear whether my mortgage offer requires a lease extension. I have called into my local Crowborough building society branch on various occasions and was reassured it wasn't a problem and they will lend. My Crowborough conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
Your property lawyer must follow the Council of Mortgage Lenders’ Handbook Part 2 requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
My friend recommended that if I am buying in Crowborough I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Crowborough conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Crowborough around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Crowborough Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Crowborough.
It has been three months since my purchase conveyancing in Crowborough completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 premises 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 want to let out my leasehold flat in Crowborough. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
A lease governs relations between the landlord and you the leaseholder; in particular, it will indicate if subletting is prohibited, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is permitted. The majority of leases in Crowborough do not contain strict prohibition on subletting – such a provision would adversely affect the market value the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the sublease.
I inherited a leasehold flat in Crowborough, conveyancing formalities finalised December 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Crowborough with an extended lease are worth £216,000. The ground rent is £50 yearly. The lease expires on 21st October 2091
You have 69 years remaining on your lease we estimate the price of your lease extension to span between £9,500 and £11,000 plus legals.
The figure 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 due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
I need to assess estimates for conveyancing in Crowborough from numerous conveyancer and decide on one. Am I right to get them to hold tight until I I have my bid accepted on a apartment.
You should wait to get your solicitor to start work and order searches once the sales memorandum has been issued by the selling agent particularly as Crowborough conveyancing searches are a couple of hundred pounds.