We are downsizing from our home in Bidford On Avon and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any local lawyer would know this is not the case. It does beg the question why the buyers are using a national conveyancing firm as opposed to a conveyancing solicitor in Bidford On Avon. Having lived in Bidford On Avon for three years we know that this is a non issue. Should we get in touch with our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. What do they say? You need to check with 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)
five months have elapsed following my purchase conveyancing in Bidford On Avon completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a flat up to £305k and found one near me in Bidford On Avon I like with amenity areas and railway links nearby, the downside is that it's only got 61 years on the lease. I can't really find anything else in Bidford On Avon suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan that many years will likely be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you may ask them to 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 speak to your conveyancing solicitor about this matter.
I’m about to sell my garden flat in Bidford On Avon. Conveyancing has not commenced, but I have just had a quarterly service charge demand – what should I do?
It best that you clear the maintenance contribution as normal as all rents and service charges will be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I inherited a studio flat in Bidford On Avon, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Bidford On Avon with an extended lease are worth £201,000. The ground rent is £45 yearly. The lease finishes on 21st October 2089
With 64 years unexpired the likely cost is going to be between £15,200 and £17,600 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure 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 additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.
Do lenders provide you with an approved list of Bidford On Avon solicitors? How do you know who is on the mortgage company conveyancing panel?
Bidford On Avon firms and firms conducting conveyancing in Bidford On Avon themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the lender directly.