Can the conveyancing practitioners that you recommend carry out auction conveyancing in Stilton?
We know of a few niche lawyers we can put you in touch with those conducting auction conveyancing. Stilton is just one of hundreds of areas of in which our lawyers have a presence.
Forgive me if this question is silly but I am new to the house moving as FTB of a two bedroom flat in Stilton. Do I collect the keys to the premises on completion from my lawyer? If this is the case, I will find a High Street conveyancing solicitor in Stilton?
On the day of completion you will not be required to go to the conveyancers office in Stilton. Conveyancing lawyers for you will transfer the purchase money to the seller's lawyers, and once they have received this, you should be called to receive the keys from the selling Agents and start moving into the property. Usually this occurs between 1 and 3pm.
We are purchasing a terrace house in Stilton. We would like to carry out a loft conversion at the house.Will legal investigations on the property involve investigations to see if these alterations are prohibited?
Your conveyancer will check the registered title as conveyancing in Stilton can occasionally identify restrictions in the title documents which restrict categories of works or need the consent of another owner. Some extensions call for local authority planning permissions and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
Having digested plenty of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Stilton solicitor - who is on the Nationwide conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Nationwide will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nationwide will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Stilton surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Me and my brother have a semi-detached Georgian property in Stilton. Conveyancing practitioner represented me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold under the exact same property. Is it worth asking Yorkshire Building Society to clarify?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stilton and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing lawyer who conducted the purchase.
I'm buying my first flat in Stilton with the aid of help to buy. The developers refused to budge the amount so I negotiated 6k of extras instead. The property agent advised me not to tell my conveyancer about this extras as it would jeopardize my mortgage with the bank. 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.
Over the last few months I have been searching for a flat up to £235,500 and found one round the corner in Stilton I like with a park and transport links nearby, the downside is that it only has 61 years on the lease. I can't really find anything else in Stilton in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term will be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I wish to let out my leasehold flat in Stilton. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
Even though your last Stilton conveyancing solicitor is no longer around you can check your lease to check if you are permitted to let out the premises. The rule is that if the deeds are non-specific, subletting is allowed. There may be a precondition that you need to obtain consent via your landlord or some other party before subletting. The net result is that you cannot sublet in the absence of prior permission. The consent should not be unreasonably turned down. If your lease prohibits you from letting out the property you will need to ask your landlord if they are willing to waive this restriction.
Leasehold Conveyancing in Stilton - Sample of Queries Prior to buying
Make sure you investigate if the the lease includes any adverse restrictions in the lease. For example it is reasonably common in Stilton leases that pets are not allowed in certain buildings in Stilton. If you like the flatin Stilton but your cat is not allowed to move with you then you have a very hard determination. Best to be warned if redecorating or some other major work is pending to be shared amongst the leaseholders and will dramatically impact the level of the maintenance costs or necessitate a one off payment.