I am purchasing a house for cash in Mickleover. I have lived for the previous 20 years in Mickleover. Conveyancing searches are a lot of money. Given that I have knowledge of the area and road very well must I have all the conveyancing searches?
If you not getting a home loan, then all but one or two of the Mickleover conveyancing searches are at your discretion. Your solicitor will try and sway you, perhaps strongly, that you should have searches done, but he is duty bound to do this. Do take into account; if you are likely to sell the house in the future, it will likely be be of interest to your prospective purchaser what the searches disclose. There are plenty of instances where premises with apparent issues can still show up negative search results. A good conveyancing solicitor in Mickleover should be able to give you some sensible guidance in this regard.
Me and my partner are buying a apartment in Mickleover. I might seem paranoid but how we can trust a conveyancer? At some point we have to put money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We are buying a detached bungalow in Mickleover. The intention is to an extension at the rear at the property.Will the conveyancing process include investigations to see if these works are allowed?
Your conveyancer should check the registered title as conveyancing in Mickleover can on occasion identify restrictions in the title deeds which restrict certain works or necessitated the consent of another owner. Many extensions require local authority planning consent and approval in compliance with building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
Kent Reliance have agreed my home loan in principle, my offer on a apartment in Mickleover has been agreed to, now what?
Your property agent will wish to be informed of your solicitor's details (ensure that the solicitors are on the lender’s approved list). Contact Kent Reliance or your broker and finalise any appropriate forms. Kent Reliance will sellect a valuer who will get in contact with the selling agent or seller to arrange a slot for the valuation to occur. Once carried out (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Kent Reliance will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Mickleover.
I am downsizing from our home in Mickleover and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A high street Mickleover lawyer would know this is not the case. It does beg the question why the purchasers are using an internet conveyancing firm rather than a conveyancing solicitor in Mickleover. We have lived in Mickleover for 5 years we know that this is a non issue. Should we get in touch with our local Authority to get clarification need.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I am purchasing my first flat in Mickleover with a loan from Nottingham Building Society. The builders refused to reduce the price so I negotiated £7000 of additionals instead. The property agent suggested that I not disclose to my solicitor about the deal as it could jeopardize my loan with the bank. Is this normal?.
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 need to instruct a conveyancing solicitor for leasehold conveyancing in Mickleover. I have land on a site which looks to be the ideal answer If it is possible to get all formalities done via email that would be preferable. Should I 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?
I am in need of some leasehold conveyancing in Mickleover. Before diving in I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Mickleover - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a 1 bedroom flat in Mickleover, conveyancing having been completed May 2001. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Mickleover with a long lease are worth £191,000. The average or mid-range amount of ground rent is £55 per annum. The lease expires on 21st October 2079
With just 54 years left to run we estimate the price of your lease extension to be between £32,300 and £37,400 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.