What will a local search tell me about the property my wife and I purchasing in The Park?
The Park conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company for example PSG The local search plays a central part in most The Park conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
Just bought a detached house in The Park , What is the estimated time for the Land Registry to register my ownership? My The Park conveyancing solicitor has been very slow, so I want to check that my name is recorded.
As far as conveyancing in The Park is concerned, registration is no quicker or slower than the rest of the country. Rather than based on location, timescales can vary according to who lodges the application, whether it is in order and whether the Land registry need to notify any interested parties. At present in the region of 80% of submission are fully dealt with in less than three weeks but occasionally there can be protracted hold-ups. Registration occurs once the new owner is living at the property therefore 'speed' is not typically primary concern yet where there is a degree of urgency associated with the registration then you or your lawyers can communicate with the Registry to express the reasoning for the application to be prioritised.
I am purchasing a new build house in The Park with the aid of help to buy. The sellers would not move on the amount so I negotiated 6k of additionals instead. The property agent advised me not inform my lawyer about this extras as it will adversely affect my mortgage with the bank. Should I keep quiet?.
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.
Given that I will soon spend 450k on a two bedroom apartment in The Park I would like to talk to a solicitor concerning thehome move ahead of giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - we would be pleased to talk to you we do not take any clients on without you liaising with the solicitor who will be doing your property ownership legalities in The Park.There is no ‘factory style conveyancing’ - each client is unique individual, not a file number. The solicitors that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in The Park should be the amount on the final invoice that you end up paying.
I have just started marketing my garden apartment in The Park. Conveyancing has not commenced, however I have recently had a half-yearly service charge invoice – should I leave it to the buyer to sort out?
It best that you pay the maintenance contribution as you normally would because all rents and service charges should be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
The Park Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to Purchasing
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Is anyone aware of any major works on the horizon that will likely increase the maintenance costs? Make sure you investigate if there is anything that is prohibited in the lease. For instance it is reasonably common in The Park leases that pets are not permitted in certain buildings in The Park. If you love the propertyin The Park however your cat is not allowed to make the move with you then you will be presented with a hard decision. What is the service charge and ground rent on the property?
I have today had an offer accepted on an apartment in The Park and the mortgage adviser that we are using suggested his conveyancing practitioner. He quoted £800 excluding VAT and 3rd party costs. Does this sound steep?
Don't just go on one quote. One should obtain like-for-like quotes for your conveyancing in The Park. Then choose one that you are comfortable with and just as important, is on the approved list of the mortgage company that you are sourcing your mortgage from.