We are close to exchanging contracts on the sale of our house in Broughton Astley and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A high street Broughton Astley lawyer would know that there is no such problem. It does beg the question why the purchasers are using a factory type conveyancing firm as opposed to a conveyancing solicitor in Broughton Astley. We have lived in Broughton Astley for six years we know that this is a non issue. Is it a good idea to contact local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? 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'm buying a new build house in Broughton Astley with a mortgage from . The sellers refused to move on the price so I negotiated £7000 of additionals instead. The property agent advised me not to tell my conveyancer about the side-deal as it may affect my loan with . Should I keep quiet?.
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 have been on the look out for a leasehold apartment up to £235,500 and found one close by in Broughton Astley I like with open areas and station in the vicinity, however it's only got 51 remaining years left on the lease. I can't really find anything else in Broughton Astley for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan that many years will likely be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.