My aunt advised me that in buying a property in Falconwood there could be various restrictions preventing external changes to the property. Is this right?
There are a number of properties in Falconwood which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Falconwood should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My husband and I have organised the release of further funds on our home loan from Nationwide as we intend to carry out a loft conversion to our property in Falconwood. Are we obliged to select a high street Falconwood solicitor on the Nationwide conveyancing panel to deal with the legals?
Nationwide don't usually appoint a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nationwide list.
I recently had an offer agreed on a house in Falconwood. My mortgage broker recommended their conveyancers. I paid an upfront payment of £200. A few days later, the property lawyer called me to say that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have justfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Falconwood for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The quickest method to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Falconwood conveyancing specialists.
I am buying my first flat in Falconwood with a mortgage from Bank of Ireland. The builders refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not inform my conveyancer about the extras as it could jeopardize my loan 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 have been on the look out for a leasehold apartment up to £245,000 and identified one near me in Falconwood I like with open areas and railway links in the vicinity, however it's only got 49 years on the lease. I can't really find anything else in Falconwood suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan the shortness of the lease will likely be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
What does commercial conveyancing in Falconwood cover?
Commercial conveyancing in Falconwood covers a wide array of guidance, supplied by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Can you offer any advice when it comes to finding a Falconwood conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a Falconwood conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Falconwood conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be useful:
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What are the costs for lease extension conveyancing?
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Falconwood conveyancing firm to represent me?
Most definitely. We are happy to put you in touch with a Falconwood conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Falconwood flat is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case affected 1 flat.