What can a local search inform me about the property I am buying in Chipping Sodbury?
Chipping Sodbury conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search is essential in every Chipping Sodbury conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search will reveal data on, amongst other things, details on planning applications relevant to the premises (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 thirteen subject areas.
Are there restrictive covenants that are commonly identified during conveyancing in Chipping Sodbury?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Chipping Sodbury. 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…’
I have been on the look out for a flat up to £305k and identified one near me in Chipping Sodbury I like with open areas and railway links in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Chipping Sodbury for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan that many years will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I have been pointed in your direction by a number of property agents in Chipping Sodbury to select a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to market your site ahead of another?
We refuse to make any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great figure which is making it all the more appealing. I have subsequently found out that the title is leasehold as opposed to freehold. I am assuming that there are issues buying a leasehold house in Chipping Sodbury. Conveyancing solicitors have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Chipping Sodbury ?
Most houses in Chipping Sodbury are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Chipping Sodbury so you should seriously consider shopping around for a Chipping Sodbury conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as requiring the landlord’spermission to carry out changes to the property. You may also be required to pay a contribution towards the maintenance of the estate where the house is part of an estate. Your lawyer should advise you fully on all the issues.
Chipping Sodbury Conveyancing for Leasehold Flats - Sample of Queries before buying
You should want to find out as much as possible about the company managing the block as they can either make life much easier or uncomfortable. As the owner of a leasehold property you will be at the mercy of the managing agents both financially and when it comes to daily issues such as the cleanliness of the common parts. Ask other people what they think of their management. On a final note, be sure you know the dates that the service charges are due to the managing agents and specifically how they are spending that money. The best form of lease structure is a share of the freehold. In this situation the tenants benefit from control and although a managing agent is frequently employed if the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Are any of leasehold owners in dispute over their service charge payments?
If instructed can a conveyancer remove a person from the title of my property in Chipping Sodbury ?
Removing or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a conveyancer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a lawyer