We are soon to exchange buying a house in Thornbury but as a consequence of damage from some water damage at the property I have managed to agree reparation from the current proprietors in the sum of £2k by way of a deduction in the price. I had intended this to be dealt with as part of amending the contract yet RBS will not agree to this. Should they have been involved?
The conveyancing practitioner being on a RBS approved list is obliged to disclose to RBS of any changes to the purchase price. If you prohibit your conveyancing practitioner to report the reduction to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new conveyancing practitioner for your conveyancing in Thornbury.
What can a local search tell me concerning the property I am buying in Thornbury?
Thornbury conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for example PSG The local search is essential in every Thornbury conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your new home. The search will provide data on, amongst other things, details on planning applications applicable to the premises (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 thirteen topic headings.
I'm purchasing my first flat in Thornbury benefiting from help to buy. The sellers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not to tell my solicitor about the extras as it may impact my mortgage 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.
How do I search for a Thornbury law firm on the Halifax conveyancing panel? I have wheels and am prepared to travel upto 20miles to meet the lawyer.
Feel free to make use of the facility on this page. Please choose the mortgage company and your location and you will see a number of Thornbury conveyancing lawyers based on proximity. We have detailed some Thornbury conveyancing firms towards the end of this page and you can telephone them to see if they are on the Halifax approved list
My uncle has urged me to instruct his conveyancing solicitors in Thornbury. Should I use them?
There are no two ways about it it’s preferable to select a conveyancing solicitor is to seek recommendations from friends or family who have used the firm you're contemplating using.
Can you provide any top tips for leasehold conveyancing in Thornbury from the point of view of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Thornbury can be avoided where you appoint lawyers the minute you market your property and ask them to collate the leasehold information which will be required by the purchasers’ lawyers. A minority of Thornbury leases require Licence to Assign from the landlord. If this is the case, you should notify your estate agents to make sure that the purchasers obtain bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors. You may think that you are aware of the number of years remaining on your lease but it would be advisable double-check by asking your lawyers. A purchaser's lawyer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the lease term is less than 75 years. In the circumstances it is essential at an as soon as possible that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. In the event that you altered the property did you need the Landlord’s permission? In particular have you installed wooden flooring? Most leases in Thornbury state that internal structural alterations or laying down wooden flooring require a licence from the Landlord approving such changes. If you dont have the approvals to hand do not communicate with the landlord without contacting your lawyer in advance.
I acquired a basement flat in Thornbury, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Thornbury with an extended lease are worth £197,000. The ground rent is £55 charged once a year. The lease comes to an end on 21st October 2075
You have 54 years unexpired the likely cost is going to span between £32,300 and £37,400 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.