A colleague suggested that where I am buying in Tottenham Green I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Tottenham Green conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Tottenham Green around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Tottenham Green Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Tottenham Green.
My wife and I have a renovated Georgian house in Tottenham Green. Conveyancing solicitor represented me and Coventry Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tottenham Green and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing solicitor who completed the work.
I am purchasing my first flat in Tottenham Green with the aid of help to buy. The sellers would not move on the price so I negotiated £7000 of extras instead. The property agent told me not to tell my conveyancer about the extras as it will impact my mortgage with Platform Home Loans Ltd. 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've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Tottenham Green is the location of the property. Is there any guidance you can impart?
Flying freeholds in Tottenham Green are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Tottenham Green you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tottenham Green may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Hoping to buy a property located in Tottenham Green and I am already nervous. I couldn't find anything specific about Tottenham Green. Conveyancing will be needed in due course but do you know about the Tottenham Green area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Tottenham Green. In the meantime here are some basic statistics that we found
I have just placed an offer on a leasehold flat in Tottenham Green and the estate agent that we are using suggested his conveyancing practitioner. He quoted £1000 excluding VAT and disbursements. Does this sound expensive?
Don't just go on 1 quote. One should seek like-for-like quotes for your conveyancing in Tottenham Green. Then select one that you are comfortable with and crucially, is on the approved list of the mortgage company that you have applied for a mortgage from.