The deeds to my house can not be found. The conveyancers who dealt with the conveyancing in Cheshunt 4 years ago no longer exist. What do I do?
Gone are the days when you need to hold title deeds to evidence that you are the registered proprietor of land or premises, given that the Land Registry have everything they need in a digital format.
I am buying my first flat in Cheshunt benefiting from help to buy. The builders would not budge the amount so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not to tell my solicitor about the side-deal as it could affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Cheshunt is the location of the property. Is there any guidance you can impart?
Flying freeholds in Cheshunt are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cheshunt 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 Cheshunt may ascertain 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 premises.
I need to find a conveyancing solicitor for residential conveyancing in Cheshunt. I happened to discover a site which looks to be the ideal offering If there is a chance to get all this stuff done via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Do you have any top tips for leasehold conveyancing in Cheshunt with the purpose of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Cheshunt can be bypassed if you appoint lawyers as soon as your agents start marketing the property and ask them to collate the leasehold documentation needed by the purchasers’ lawyers. The majority of freeholders or Management Companies in Cheshunt levy fees for supplying management packs for a leasehold property. You or your lawyers should find out the fee that they propose to charge. The management information sought on or before finding a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Cheshunt. You believe that you know the number of years left on your lease but it would be advisable double-check by asking your solicitors. A buyer’s lawyer will be unlikely to recommend their client to to exchange contracts if the remaining number of years is less than 75 years. In the circumstances it is important at an early stage that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. If you hold a share in a the freehold, you should make sure that you are holding the original share document. Organising a new share certificate can be a lengthy process and delays many a Cheshunt conveyancing deal. If a new share certificate is necessary, you should approach the company director and secretary or managing agents (if applicable) for this at the earliest opportunity. In the event that you altered the property did you need the Landlord’s approval? In particular have you laid down wooden flooring? Most leases in Cheshunt state that internal structural alterations or addition of wooden flooring necessitate a licence from the Landlord consenting to such alterations. Should you dont have the paperwork in place you should not communicate with the landlord without contacting your conveyancer in the first instance.
Cheshunt Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
-
Please tell me if there are any major works in the near future that could add a premium to the service fees? How much is the annual maintenance fee and ground rent? How many years are left on the lease?
We are in the process of buying a home in Cheshunt. Conveyancing is not yet done but we wish to have the amount we are are purchasing for confidential from the likes of Zoopla. How do I ensure this is not noted?
The Land Registry are legally required to note price sold data on a register of the title for domestic properties nationwide which includes homes in Cheshunt. The register of title is a public document, so HMLR would be breaching their statutory duty excluded certain properties such as the property in Cheshunt.
You can ask HMLR to hide the price paid entry yet the response will be in the negative.