I have been recommended a conveyancing solicitor in Nunhead. I need to find out whether they are accepted on the Barnsley Building Society conveyancing panel. Could you help?
You should contact your conveyancer and ask them whether they are on the lender panel. Alternatively you can get in touch with Barnsley Building Society who may be able to confirm.
What does a local search tell me regarding the property I am buying in Nunhead?
Nunhead conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company for example Xpress Legal The local search plays an important part in most Nunhead conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
I am purchasing my first flat in Nunhead with the aid of help to buy. The developers would not budge the price so I negotiated 6k of extras instead. The estate agent advised me not inform my conveyancer about the extras as it may affect my mortgage with Barclays . 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.
I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Nunhead I like with amenity areas and station in the vicinity, however it only has 49 years unexpired on the lease. There is not much else in Nunhead suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan that many years will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
How do I use the search tool to get a costs illustration from a conveyancing solicitor in Nunhead on the approved list for my lender?
Step one is to pick a mortgage company such as Halifax, Skipton Building Society or Aldermore then choose your location e.g. Nunhead. Conveyancing firms in Nunhead and beyond should be shown.
Back In 2002, I bought a leasehold house in Nunhead. Conveyancing and Nationwide Building Society mortgage organised. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1992. The conveyancing practitioner in Nunhead who acted for me is not around. Do I pay?
First make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Nunhead conveyancing firm to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a a ground floor purpose built flat in Nunhead. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the amount payable for the purchase of the freehold?
Absolutely. We are happy to put you in touch with a Nunhead conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Nunhead flat is 41 Endwell Road in March 2013. this matter relateed to the acquisition of the freehold of a mid- terraced Victorian house converted into three separate self-contained dwellings. By an order dated 28/11/2012, Deputy District Judge Cole in the Bromley County Court held that the leaseholders were entitled to acquire the freehold and directed that the premium payable be determined by this Tribunal. The Tribunal assessed the premium to be £14,753 This case related to 3 flats. The unexpired term was 80.01 years.