I am assisting my aunt sell her flat in Burghfield Common. Does the conveyancer order the EPC or it is for the owner to coordinate?
Following the abolition of Home Packs, energy performance certificates remained a compulsory component of moving property. An EPC must be to hand prior to the property being marketed. This is not something that solicitors ordinarily arrange. If you are using a Burghfield Common conveyancing practitioner they may be willing to arrange energy performance certificates due to their relationships with long established Burghfield Common providers
Forgive me if this question is silly but I am unseasoned as FTB of a two bedroom flat in Burghfield Common. Do I collect the keys to the house on the completion date from my lawyer? If so, I will instruct a High Street conveyancing solicitor in Burghfield Common?
On the day of completion you will not be required to go to the conveyancers office in Burghfield Common. Conveyancing lawyers for you will transfer the purchase money to the owner’s lawyers, and shortly after the monies have arrived, you will be called to receive the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
A relative informed me that in purchasing a property in Burghfield Common there could be various restrictions prohibiting external alterations to the property. Is this right?
There are a number of properties in Burghfield Common which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Burghfield Common should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My relative recommended that if I am buying in Burghfield Common I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Burghfield Common conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Burghfield Common around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data about Burghfield Common.
How does conveyancing in Burghfield Common differ for new build properties?
Most buyers of new build residence in Burghfield Common approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Burghfield Common tend to buy the land, 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 conveyancing solicitors 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 Burghfield Common or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Burghfield Common is the location of the property. Can you shed any light on this issue?
Flying freeholds in Burghfield Common are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Burghfield Common you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burghfield Common may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
What does commercial conveyancing in Burghfield Common cover?
Non domestic conveyancing in Burghfield Common covers a broad array of advice, offered by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I've found a house that appears to meet my requirements, at a great price which is making it all the more appealing. I have just discovered that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Burghfield Common. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Burghfield Common ?
The majority of houses in Burghfield Common are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. We note that you are buying in Burghfield Common in which case you should be looking for a Burghfield Common conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the house is part of an estate. Your lawyer will advise you fully on all the issues.
I bought a 2 bed flat in Burghfield Common, conveyancing formalities finalised in 2008. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Burghfield Common with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 per annum. The lease expires on 21st October 2092
With only 69 years left to run we estimate the price of your lease extension to span between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.