We are purchasing a end of terrace house in Braintree. We would like to carry out an extension to the side at the property.Will legal due diligence on the property involve checks to ascertain if these works are allowed?
Your property lawyer should review the deeds as conveyancing in Braintree can sometimes reveal restrictions in the title documents which prohibit certain alterations or require the consent of another owner. Some works call for local authority planning consent and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor prior to committing yourself to a purchase.
I am selling my apartment. I had a double glazing fitted in June 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Aldermore are being pedantic. The Braintree solicitor who is on the Aldermore conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Aldermore are requiring a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I was told three weeks ago that my mortgage has been agreed to by Principality. Is it usual for Principality to only issue the offer once my solicitor in Braintree is approved on their conveyancing panel? Principality have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
I require quick conveyancing in Braintree as I am under a deadline to sign on the dotted line inside 2 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a cash buyer you are at liberty not to have searches carried out although no law firm would advise that you don't. With plenty of history conveyancing in Braintree the following are instances of issues that can show up and therefore impact future mortgageability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
My wife and I purchased a terraced Edwardian house in Braintree. Conveyancing lawyer represented me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Braintree and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing practitioner who conducted the purchase.
I'm converting the mortgage on my existing house to a BTL mortgage with The Royal Bank of Scotland and I will use the rest of the raised equity towards another house. The neighborhood we are talking about is Braintree. Will your conveyancers be able to act for the two banks and link together the conveyances?
Make use of our comparison tool on this page to check that the conveyancers are on the appropriate lender panels. Having checked that they are your conveyancer should be able to tie up the two conveyancing matters but you should talk with you lawyer and specify your expectations and requirements.
Is it best to go with a Braintree conveyancing solicitor who is local to the property I am hoping to buy? I have an old university friend who can carry out the legal work however his firm is located approximately 350miles away.
The benefit of a local Braintree conveyancing firm is that you can visit the firm to sign paperwork, present your identification documents and apply pressure on them if necessary. They will also have local intelligence which is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and they were content that should surpass using an unknown Braintree conveyancing lawyer just because they are Braintree based.
What makes a Braintree lease unmortgageable?
Leasehold conveyancing in Braintree is not unique. All leases are unique and drafting errors can result in certain clauses are not included. For example, if your lease is missing any of the following, it could be defective:
-
A provision for the recovery of money spent for the benefit of another party. Maintenance charge proportions which don’t add up to the correct percentage
You may have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Accord Mortgages Ltd, Skipton Building Society, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, forcing the purchaser to pull out.
Braintree Leasehold Conveyancing - Sample of Questions you should ask before Purchasing
-
Be sure to find out if there are any onerous prohibitions in the lease. For example plenty of leases prohibit pets being permitted in in a block in Braintree. If you like the apartmentin Braintree yet your cat is not allowed to make the move with you then you will be faced hard choice. Best to be warned if redecorating or some other major work is coming up that will be shared between the leaseholders and will dramatically increase the the maintenance charges or result in a specific invoice. How long is the Lease?