What does a local search reveal about the house my wife and I buying in Canterbury?
Canterbury conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for example PSG The local search is essential in every Canterbury conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search will supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
Are there restrictive covenants that are commonly identified during conveyancing in Canterbury?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Canterbury. 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…’
Just had an offer accepted on a new build apartment in Canterbury. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Canterbury
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Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I opted to have a survey done on a house in Canterbury before appointing conveyancers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some lenders tend refuse to grant a loan on such a home.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Canterbury. Conveyancing may be slightly more expensive based on your lender's requirements.
My father has encouraged me to use his lawyers for conveyancing in Canterbury. Should I choose my own property lawyer?
Much as we are happy to recommend a Canterbury conveyancing lawyer the best way to select a conveyancing practitioner is to seek referrals from friends or family who have actually experience in using the firm that you are considering.
I am looking at a couple of flats in Canterbury both have in the region of 50 years remaining on the lease term. should I be concerned?
There are plenty of short leases in Canterbury. The lease is a right to use the premises for a period of time. As the lease gets shorter the marketability of the lease deteriorates and it becomes more costly to extend the lease. This is why it is generally wise to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on such properties. Lease extension can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this field.
Canterbury Leasehold Conveyancing - A selection of Queries Prior to buying
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Where a Canterbury lease has fewer than eighty years it will impact the value of the property. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. A short lease means that you will almost definitely require a lease extension at some point and you need to have some idea of how much this would cost. Remember, in most cases you will need to own the property for a couple of years before you are entitled to carry out a lease extension. It would be sensible to enquire if the the lease includes any adverse restrictions in the lease. By way of example it is reasonably common in Canterbury leases that pets are not permitted in in a block in Canterbury. If you like the propertyin Canterbury however your cat can’t make the move with you then you will be presented with a hard determination. The majority of Canterbury leasehold apartments will have a service charge for maintenance of the building set on behalf of the freeholder. Should you buy the flat you will have to meet this charge, normally quarterly during the year. This may vary from a few hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. There will also be a rentcharge to be met annual, normally this is not a large figure, say approximately £50-£100 but you need to enquire it because on occasion it can be many hundreds of pounds.