Why is leasehold purchase conveyancing in Godalming costs more?
Godalming leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Despite weeks of looking the Title Certificate and documents to our home can not be found. The solicitors who handled the conveyancing in Godalming 4 years ago no longer exist. What are my options?
You no longer need to have the physical official documentation to establish that you are the registered proprietor of land or premises, given that the Land Registry hold details of all registered land or property electronically.
I am purchasing a new build house in Godalming benefiting from help to buy. The developers refused to budge the price so I negotiated £7000 of extras instead. The sale representative told me not to tell my lawyer about the deal as it may impact my loan with Coventry Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I am looking for a ground for flat up to £305k and found one close by in Godalming I like with a park and station in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in Godalming in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a home loan the remaining unexpired lease term may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
How do I locate a Godalming solicitor on the Halifax conveyancing panel? I have a car and am happy to travel upto 20kilometers to meet the conveyancer.
You can use the facility on this website. Please select a mortgage company and your location and you will see a number of Godalming conveyancing lawyers based on proximity. We have detailed some Godalming conveyancing firms at the bottom of this page and you can call them to verify if they are on the Halifax panel
We are in the process of buying a house in Godalming. Can the lawyer have our transaction price private from sites such as Nestoria. How could this be achieved ?
HMLR are legally bound to specify price paid information on the official title for residential properties nationwide which includes properties in Godalming. The register of title is an open document, so HM Land Registry would be breaching their statutory obligations if they failed to permit access to the register.
You can ask HM Land Registry to withhold the price paid entry but the response will be a No.