I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Leatherhead. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 12/5/2024, the requirements read as follows :
Will commercial conveyancing searches reveal planned roadworks that could affect a commercial property in Leatherhead?
Many commercial conveyancing solicitors in Leatherhead will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Leatherhead. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Leatherhead.
For each commercial conveyancing transaction in Leatherhead it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Leatherhead commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Leatherhead.
Are there restrictive covenants that are commonly identified as part of conveyancing in Leatherhead?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Leatherhead. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Leatherhead differ for new build properties?
Most buyers of new build or newly converted property in Leatherhead approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is constructed. This is because builders in Leatherhead tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Leatherhead or who has acted in the same development.
Hoping to buy a property located in Leatherhead and I am already nervous. I couldn't find anything specific about Leatherhead. Conveyancing will be needed in due course but do you know about the Leatherhead area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Leatherhead. In the meantime here are some basic statistics that we found
What is the average legal costs for conveyancing in Leatherhead?
The average fee last year for conveyancing in Leatherhead was £1,395 not including SDLT and HM Land Registry charges.