I am purchasing a new build house in De Beauvoir Town with the aid of help to buy. The developers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not reveal to my lawyer about the deal as it will put at risk my mortgage with Bank of Scotland. 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.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one close by in De Beauvoir Town I like with amenity areas and railway links nearby, the downside is that it only has 61 remaining years left on the lease. There is not much else in De Beauvoir Town suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a home loan the shortness of the lease will likely be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
How does the Landlord & Tenant Act 1954 impact my business property in De Beauvoir Town and how can your lawyers assist?
The particular law that you refer to affords protection to commercial lessees, granting the right to apply to court for a new lease and remain in occupation at the end of an expired lease. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. De Beauvoir Town is one of the numerous areas of the UK in which the firms we work with are based
I need to instruct a conveyancing solicitor for leasehold conveyancing in De Beauvoir Town. I've stumble across a site which appears to be the perfect offering If there is a chance to get all the legals done via web that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Can you offer any advice when it comes to finding a De Beauvoir Town conveyancing practice to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a De Beauvoir Town conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with several firms including non De Beauvoir Town conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
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How experienced is the practice with lease extension legislation? If the firm is not ALEP accredited then what is the reason?
Having spent years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in De Beauvoir Town. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We are happy to put you in touch with a De Beauvoir Town conveyancing firm who can help.
An example of a Lease Extension case for a De Beauvoir Town flat is 5C Stoke Newington Road in April 2010. the Tribunal therefore concludes that the premium to be paid for the extended lease is £700.00 This case was in relation to 1 flat. The unexpired term was 80.5 years.
Do I stop the direct debit for my mortgage with Nottingham as soon as a completion date for my sale in De Beauvoir Town has been agreed?
No, you must maintain meeting any mortgage sums to Nottingham until the mortgage is redeemed on completion as part of your De Beauvoir Town conveyancing.