I am need of leasehold conveyancing for a flat in a relatively new development (five years old) in Chesham. Almost all the properties are already sold. Is it really necessary to order local searches as part of conveyancing in Chesham?
Conveyancing Searches are a vital link in the Chesham conveyancing process. There are hundreds companies conducting Chesham conveyancing searches, as well direct from the local authority. These are known collectively as personal search organisation and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authoritative source.
A colleague advised me that where I am purchasing in Chesham I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Chesham conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Chesham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Chesham 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 regarding Chesham.
Are there restrictive covenants that are commonly identified during conveyancing in Chesham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Chesham. 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…’
Due to the encouragement of my in-laws I had a survey completed on a house in Chesham before appointing conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies will refuse to issue a loan on such a premises.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chesham. Conveyancing may be slightly more expensive based on your lender's requirements.
We're FTB’s - agreed a price, yet the agent advised that the vendor will only move forward if we use the agent's chosen lawyers as they need an ‘expedited deal’. Our preferred option is to instruct a local solicitor who is familiar with conveyancing in Chesham
We suspect that the seller is unaware of this request. Should the owner desire ‘a quick sale', taking such a hostile approach to a genuine buyer is counter productive. Contact the sellers directly and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you will continue to appoint your own,trusted Chesham conveyancing lawyers - as opposed tothe ones that will provide the estate agent a kickback or achieve conveyancing thresholds pre-set by head office.
What makes a Chesham lease unacceptable for security purposes?
Leasehold conveyancing in Chesham is not unique. Most leases are drafted differently and drafting errors can result in certain clauses are erroneous. The following missing provisions could result in a defective lease:
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Clauses dealing with recovering service charges for expenditure on the building or common parts. Repairing obligations to or maintain parts of the property
You will encounter difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Birmingham Midshires, The Royal Bank of Scotland, and Alliance & Leicester all have express 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 grant the mortgage, forcing the purchaser to withdraw.
Leasehold Conveyancing in Chesham - A selection of Questions you should ask before buying
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Can you tell me if there are any major works in the near future that could add a premium to the service charges? How is the lease structured? Are any of leasehold owners in arrears of their service charge payments?