Are there restrictive covenants that are commonly picked up during conveyancing in Ventnor?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Ventnor. 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'm buying a new build house in Ventnor with the aid of help to buy. The builders refused to budge the amount so I negotiated £7000 of extras instead. The estate agent told me not reveal to my solicitor about the side-deal as it could impact my loan with Godiva Mortgages Ltd. Do I keep my lawyer in the dark?.
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.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one round the corner in Ventnor I like with open areas and railway links in the vicinity, however it only has 51 remaining years left on the lease. I can't really find anything else in Ventnor suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan that many years will likely be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
In my capacity as executor for the estate of my grandmother I am disposing of a residence in Cardiff but reside in Ventnor. My solicitor (based 235 miles awayneeds me to execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing lawyer in Ventnor to attest and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are located in Ventnor
I have recently realised that I have 72 years remaining on my lease in Ventnor. I now wish to get lease extension but my landlord is can not be found. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. You will be obliged to demonstrate that you have made all reasonable attempts to find the freeholder. In some cases a specialist may be useful to carry out a search and prepare a report to be accepted by the court as proof that the landlord can not be located. It is advisable to get professional help from a property lawyer in relation to proving the landlord’s disappearance and the application to the County Court covering Ventnor.
I own a 1st floor flat in Ventnor, conveyancing was carried out October 2010. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Ventnor with over 90 years remaining are worth £190,000. The ground rent is £45 invoiced annually. The lease terminates on 21st October 2087
With 62 years left to run the likely cost is going to range between £17,100 and £19,800 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
A licensed conveyancer dealt with my conveyancing in Ventnor 5 years past having archived my deeds but has since been shut down – What steps do I now take to retreive them?
Deeds, as such, no longer exist as the majority of homes in Ventnor are registered electronically at Land Registry. Should you need to prove evidence of proprietorship or are selling or re-mortgaging your solicitor will need to obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned as quickly as possible.