My uncle pointed out to me me that in purchasing a property in Wotton under Edge there may be a number of restrictions preventing external alterations to a property. Is this right?
We are aware of anumerous of properties in Wotton under Edge which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Wotton under Edge should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have agreed to purchase a house in Wotton under Edge. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Aldermore be concerned?
Given that you are obtaining a mortgage with Aldermore your lawyer must follow the formal requirements set out in Part 2 of UK Finance Lenders’ Handbook for Aldermore. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and solicitors are required to report to Aldermore where a lease fails to satisfy these specifications. The specifications relate to the installation of panels on properties in England and Wales and is not restricted to Wotton under Edge.
I am due to exchange contracts on my house. I had a double glazing fitted in January 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Aldermore are being problematic. The Wotton under Edge solicitor who is on the Aldermore conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Aldermore are requiring a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Despite weeks of looking the Title Certificate and documents to our home can not be found. The conveyancers who did the conveyancing in Wotton under Edge 10 years ago no longer exist. What are my options?
Gone are the days when you need to have the physical official documentation to prove you are the registered proprietor of land or property, as the Land Registry have everything they need in a digital format.
The estate agent has sent us the confirmation of our purchase of a new build flat in Wotton under Edge. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Wotton under Edge
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Wotton under Edge is the location of the property. Can you offer any assistance?
Flying freeholds in Wotton under Edge are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wotton under Edge you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wotton under Edge 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.
In my capacity as executor for the will of my father I am disposing of a property in Neath but reside in Wotton under Edge. My solicitor (approximately 250 kilometers awayrequires that I execute a stat dec prior to the transaction finalising. Can you recommend a conveyancing solicitor in Wotton under Edge who can witness and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are Wotton under Edge based
I am tempted by the attractive purchase price for a couple of flats in Wotton under Edge which have in the region of 50 years left on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the value of the lease reduces and results in it becoming more expensive to acquire a lease extension. For this reason it is often a good idea to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this field.
Wotton under Edge Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing
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Is anyone aware of any major works in the planning that will likely add a premium to the service costs? The majority of Wotton under Edge leasehold apartments will incur a service charge for the upkeep of the building invoiced on behalf of the freeholder. If you acquire the apartment you will have to meet this charge, normally in instalments accross the year. This may vary from two or three hundred pounds to thousands of pounds for large purpose-built buildings. In all likelihood there will be a rentcharge to be met annual, normally this is not a exorbitant figure, say about £50-£100 but you should to check as on occasion it could be many hundreds of pounds. If a Wotton under Edge lease has less than 80 years it will impact the salability of the flat. It is worth checking with your lender that they are happy with remaining years on the lease. Leases with fewer than 80 years remaining means that you will almost definitely require a lease extension at some point and you need to have some idea of what this will be. For most Wotton under Edgelease extensions you would need to own the premises for a couple of years before you are entitled to carry out a lease extension.