Are there restrictive covenants that are commonly picked up as part of conveyancing in Kew?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Kew. 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 am purchasing a new build house in Kew with the aid of help to buy. The builders would not reduce the price so I negotiated £7000 of extras instead. The property agent told me not reveal to my conveyancer about the extras as it will jeopardize my loan with the bank. 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 leasehold apartment up to £195,000 and found one round the corner in Kew I like with open areas and station nearby, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Kew suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
What does commercial conveyancing in Kew cover?
Kew conveyancing for business premises incorporates a wide range of services, offered by regulated solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Is it best to use a Kew conveyancing practitioner based in the vicinity that I am purchasing? An old friend can execute the legal work but her office is 200kilometers drive away.
The benefit of a high street Kew conveyancing firm is that you can visit the firm to sign paperwork, present your ID and pester them where appropriate. Having local Kew know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and in the main were happy that should outweigh using an unknown Kew conveyancing lawyer just because they are round the corner.
Is it true that a Kew conveyancing company got sued by clients for failing to conduct the right conveyancing searches?
We are not aware of such a Kew conveyancing claim but it has been reported that, clients acquiring a home in Cumbria successfully won a claim against their conveyancer due to development plans to construct a wind farm failing to be picked up in conveyancing searches.
If you are contemplating buying a home in Kew It is essential that your conveyancing practitioner conduct all Kew conveyancing searches necessary making sure that you have relevant and up to date information ahead of purchasing a home in Kew.