My lender has suggested solicitors on their panel based in Marple Bridge but I would rather choose a conveyancing lawyer in Marple Bridge local to me. Are you able to assist?
The minority of Marple Bridge conveyancing practices are listed all lender’s conveyancing panel. Use the above find an approved solicitor tool to find a Marple Bridge conveyancing solicitor on the on the lender panel.
I'm purchasing my first flat in Marple Bridge with the aid of help to buy. The developers refused to reduce the amount so I negotiated £7000 of extras instead. The property agent advised me not reveal to my conveyancer about this deal as it will put at risk my loan with Nottingham Building Society. Is this normal?.
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.
What does commercial conveyancing in Marple Bridge cover?
Commercial conveyancing in Marple Bridge covers a wide range of guidance, provided by qualified solicitors, relating to business property. For 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.
As co-executor for the estate of my grandfather I am disposing of a residence in Neath but I am based in Marple Bridge. My solicitor (who is 250 kilometers from mehas requested that I execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing lawyer in Marple Bridge to witness this legal document for me?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are located in Marple Bridge
I am tempted by the attractive purchase price for a two flats in Marple Bridge which have approximately forty five years left on the leases. Will this present a problem?
There are no two ways about it. A leasehold apartment in Marple Bridge is a deteriorating asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it reduces the value of the property. For most buyers and banks, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Marple Bridge conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I am the registered owner of a 1 bedroom flat in Marple Bridge, conveyancing having been completed 8 years ago. How much will my lease extension cost? Comparable properties in Marple Bridge with a long lease are worth £192,000. The average or mid-range amount of ground rent is £55 levied per year. The lease expires on 21st October 2076
You have 54 years unexpired we estimate the price of your lease extension to range between £32,300 and £37,400 plus professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.
There are plenty of properties in Marple Bridge on private roads. I am buying such a property. What would be the advantages and disadvantages of purchasing a residence on a privately owned road?
Marple Bridge conveyancing practices will be well versed in transacting homeson unadopted roads. Your property lawyer should review the Land Registry data to identify any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that owners pay into to maintain the road. If there is one, the road should be maintained and look nicer than council adopted.