My relative advised me that where I am buying in Tottenham Green I should ask my conveyancer to execute 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 Tottenham Green conveyancing searches. It is not a small document of more than thirty pages, listing and setting out 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 local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data about Tottenham Green.
I have a terraced Edwardian property in Tottenham Green. Conveyancing practitioner represented me and TSB. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the exact same address. Is it worth asking TSB to clarify?
You should review 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tottenham Green and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing practitioner who carried out the work.
I am buying my first flat in Tottenham Green benefiting from help to buy. The developers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not to tell my conveyancer about this deal as it could adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.
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've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Tottenham Green is the location of the property. Can you offer any advice?
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 very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tottenham Green may decide 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 premises.
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 today had an offer accepted on an apartment in Tottenham Green and the mortgage adviser that we are dealing with recommended his property lawyer. He quoted a thousand pounds including VAT and 3rd party costs. Does this sound like a good deal?
Don't just go on 1 estimate. You should obtain like-for-like quotes for your conveyancing in Tottenham Green. Then select one that you trust and crucially, is on the approved list of the lender that you have applied for a mortgage from.