A relative suggested that where I am buying in Long Hanborough I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Long Hanborough conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Long Hanborough around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Long Hanborough Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Long Hanborough Education with maps and statistics, Local Amenities and other useful data concerning Long Hanborough.
It has been 4 months since my purchase conveyancing in Long Hanborough completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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 premises 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.
I'm purchasing my first flat in Long Hanborough with the aid of help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not disclose to my solicitor about this extras as it may put at risk my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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 opted to have a survey completed on a property in Long Hanborough in advance of appointing solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some banks may refuse to grant a loan on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with 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 Long Hanborough. Conveyancing will be smoother if you use a solicitor in Long Hanborough especially if they are familiar with such properties in Long Hanborough.
I am using a search engine for the term cheap conveyancing in Long Hanborough it shows results of numerous conveyancerslocally. With so much choice what is the best way to find the right solicitor for purchase transaction?
The preferential method of choosing the right conveyancer is through a personal testimonial, so enquire of friends and family who have acquired a property in Long Hanborough or a local estate agent or financial adviser. Fees for conveyancing in Long Hanborough differ, so it's advisable to request at least four costs illustrations from varying types of solicitors. Be sure to seek confirmation that the fees are fixed.
I today plan to offer on a house that appears to be perfect, at a reasonable price which is making it all the more appealing. I have subsequently found out that it's a leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Long Hanborough. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?
The majority of houses in Long Hanborough are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. We note that you are buying in Long Hanborough in which case you should be shopping around for a Long Hanborough conveyancing solicitor and be sure that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the landlord’spermission to carry out alterations. You may also be required to pay a service charge towards the maintenance of the communal areas where the house is located on an estate. Your conveyancer will advise you fully on all the issues.
I purchased a 1st floor flat in Long Hanborough, conveyancing having been completed 10 years ago. How much will my lease extension cost? Similar flats in Long Hanborough with over 90 years remaining are worth £197,000. The ground rent is £55 levied per year. The lease runs out on 21st October 2079
With only 55 years unexpired we estimate the premium for your lease extension to range between £31,400 and £36,200 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.