My relative advised me that if I am buying in Mitcham I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Mitcham conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Mitcham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Mitcham.
I am purchasing a new build house in Mitcham with a loan from Platform Home Loans Ltd. The builders would not budge the amount so I negotiated £7000 of additionals instead. The house builders rep told me not disclose to my solicitor about this side-deal as it would put at risk my loan with the bank. 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Mitcham prior to instructing conveyancers. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some lenders tend not issue a loan on such a property.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Mitcham. Conveyancing will be smoother if you use a solicitor in Mitcham especially if they are accustomed to such properties in Mitcham.
I am thinking of appointing a conveyancing practitioner in Mitcham for my remortgage. Is it possible to see a firm’s record with the profession’s regulator?
One may read presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training reasons.
Harry (my fiance) and I may need to sub-let our Mitcham 1st floor flat for a while due to taking a sabbatical. We instructed a Mitcham conveyancing practice in 2001 but they have closed and we did not think at the time seek any guidance as to whether the lease allows us to sublet. How do we find out?
The lease dictates relations between the landlord and you the flat owner; in particular, it will set out if subletting is prohibited, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Mitcham do not contain subletting altogether – such a provision would undoubtedly devalue the flat. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the sublease.
I am the proprietor of a second floor flat in Mitcham. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the amount payable for the purchase of the freehold?
Absolutely. We can put you in touch with a Mitcham conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Mitcham residence is 50 & 52 Southcroft Road in September 2013. The tribunals own valuation determined that the premium payable should be £29,000 This case affected 2 flats. The unexpired term as at the valuation date was 86.11 and 60.64.
What is the reason for new build conveyancing in Mitcham being more expensive?
Purchasing a brand new premises is significantly different from the normal house purchase conveyancing in Mitcham. Firstly housebuilders normally need contracts to exchange within a tight deadline, the result being a a great deal of pressure on your property lawyer to ensure everything is in order. In addition new build premises often involve examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Bank requirements are also more detailed. Due to the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.