The Hathern conveyancing firm handling our Hathern conveyancing has uncovered a discrepancy between the information in the valuation survey and what is revealed within the legal papers for the property. My solicitor informs me that he is obliged to check that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action right?
Your property lawyer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
A relative advised me that if I am purchasing in Hathern I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Hathern conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Hathern around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type 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 concerning Hathern.
Despite weeks of looking the Title Certificate and documents to my house are lost. The lawyers who conducted the conveyancing in Hathern 10 years ago no longer exist. What are my next steps?
You no longer need to have the physical original deeds to establish that you own the land or premises, given that the Land Registry hold details of all registered land or property electronically.
I opted to have a survey carried out on a property in Hathern ahead of appointing lawyers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some mortgage companies tend refuse to give a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you e-mail us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hathern. Conveyancing may be slightly more expensive based on your lender's requirements.
Hoping to buy a property located in Hathern and I am already nervous. I couldn't find anything specific about Hathern. Conveyancing will be needed in due course but do you know about the Hathern area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hathern. In the meantime here are some basic statistics that we found
I am a negotiator for a long established estate agent office in Hathern where we have experienced a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have been given contradictory information from local Hathern conveyancing firms. Could you confirm whether the seller of a flat can instigate the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I own a 2 bed flat in Hathern, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Hathern with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease ends on 21st October 2081
You have 56 years left to run we estimate the price of your lease extension to span between £29,500 and £34,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.