Are there restrictive covenants that are commonly picked up during conveyancing in Shortlands?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Shortlands. 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 buying a new build house in Shortlands with a loan from Bank of Ireland. The developers refused to budge the price so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not to tell my conveyancer about the deal as it would affect my mortgage with Bank of Ireland. 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 Shortlands I like with amenity areas and station in the vicinity, however it only has 52 years unexpired on the lease. I can't really find anything else in Shortlands in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage that many years will likely be problematic. Discount 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 at least 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I have been recommended by a number of estate agents in Shortlands to get a quote from a solicitor on your site. Is there a financial upside for Estate Agents to offer your lawyers ahead of alternative conveyancing organisations?
We refuse to give any commission for pointing buyers and sellers to this site. We found it would be just too difficult a fee because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
As co-executor for the estate of my aunt I am selling a property in Swansea but reside in Shortlands. My conveyancer (based 300 kilometers awayhas requested that I execute a statutory declaration ahead of completion. Can you recommend a conveyancing practitioner in Shortlands to attest this legal document for me?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are located in Shortlands
Finally, a loan agreement from a mortgage company for the remortgage of my 3 bedroom apartment is expected imminently. Are you able to suggest a cheap remortgage conveyancing practitioner in Shortlands ?
You are on the wrong site if you are in need of the lowest fares for conveyancing solicitors in Shortlands. Our aim is to provide value for money conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing companies offering low cost conveyancing in Shortlands.In your best case scenario, in opting for cheap conveyancing, you will get what you pay for and at worst you will end up being stung for extras and still not receive the service expected.