I am getting a mortgage with Santander. I hope to retain the legal services of a Licensed Conveyancer in Beaconsfield. Does the Santander Solicitor panel exclude conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My friend suggested that if I am purchasing in Beaconsfield I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Beaconsfield conveyancing searches. It is not a small report of about 40 pages, listing and detailing significant information about Beaconsfield around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Beaconsfield Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data regarding Beaconsfield.
Are there restrictive covenants that are commonly picked up during conveyancing in Beaconsfield?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Beaconsfield. 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…’
Over the last few months I have been searching for a flat up to £305k and found one close by in Beaconsfield I like with open areas and transport links in the vicinity, the downside is that it only has 51 remaining years left on the lease. There is not much else in Beaconsfield in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
I am selling my property. My previous conveyancers has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Beaconsfield if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Beaconsfield. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Expecting to sign contracts shortly on a leasehold property in Beaconsfield. Conveyancing solicitors inform me that they report fully on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Beaconsfield should include some of the following:
-
The length of the lease term. You should be advised as what happens when the lease expires, and aware of the importance of not letting the lease term falling below eighty years specifics of the parties to the lease, for instance these could be the tennant, head lessor, landlord Does the lease prohibit wood flooring? Responsibility to repair and maintain the building. It is important for you to know who is duty bound to repair and maintenance of every part of the building Repair and maintenance of the property
I own a 1st floor flat in Beaconsfield, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Comparable properties in Beaconsfield with an extended lease are worth £222,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2096
You have 71 years left to run the likely cost is going to be between £9,500 and £11,000 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.