My stepmother pointed out to me me that in purchasing a property in Kemp Town there may be various restrictions affecting the ability to carry out external changes to the property. Is this right?
There are anumerous of properties in Kemp Town which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Kemp Town should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
After shopping around on the internet I have found a Kemp Town conveyancer having checked that they are on the Coventry BS conveyancing panel. Does my lawyer arrange the survey of the property?
Coventry BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Coventry BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Kemp Town surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Coventry BS have agreed my home loan in principle, my offer on a house in Kemp Town has been accepted, what are the next steps?
The estate agent will wish to be advised as to your conveyancing practitioner's details (ensure that the conveyancing practitioners are on the bank’s panel). Call up Coventry BS or your financial adviser and complete any outstanding paperwork. Coventry BS will appoint a valuer who will get in contact with the estate agent or owners to book an appointment. Once carried out (assuming no problems) it takes about ten days to receive the mortgage offer. Coventry BS will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Kemp Town.
Will commercial conveyancing searches reveal impending roadworks that may impact a commercial property in Kemp Town?
Many commercial conveyancing solicitors in Kemp Town will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Kemp Town. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Kemp Town.
For every commercial conveyancing transaction in Kemp Town it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Kemp Town commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Kemp Town.
It has been four months since my purchase conveyancing in Kemp Town concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a ground for flat up to £305k and found one round the corner in Kemp Town I like with a park and railway links in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Kemp Town in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will likely be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can 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 and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
Am I best advised to appoint a Kemp Town conveyancing solicitor based in the vicinity that I am purchasing? I have an old university friend who can carry out the legal work but his firm is located approximately 350miles drive away.
The benefit of a local Kemp Town conveyancing practice is that you can attend the office to execute documents, hand in your identification documents and pester them if necessary. Having local Kemp Town know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and in the main were impressed that should trump using an unknown Kemp Town conveyancing solicitor solely due to them being round the corner.
After what feels like an age I have had an offer on an flat in Kemp Town agreed to, but there is a chain. The owners have put an offer on somewhere, but it’s not yet tied up, and has viewings of other apartments in the pipeline. I have chosen a local conveyancing solicitor in Kemp Town. What do I do now? At what stage should I apply for the mortgage with Bank of Ireland?
It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of one thousand pounds, then valuation, Kemp Town conveyancing search fees, etc). First, you must ensure that your solicitor is on the Bank of Ireland approved list. Regarding the next stages this very much depends on the specifics of your transaction, desire for the property and on the state of the market. In a hot market many purchasers would apply for the mortgage with Bank of Ireland and pay for the survey and only if it was satisfactory would they pay their property lawyer to proceed with searches.