We are about to exchange buying a house in Brampton but as a consequence of damage from the recent storms I have managed to agree recompense from the current proprietors of £3k in the form of a reduction in the price. I had intended this to be addressed as part of a side agreement however Barclays are not allowing this. Should they have been involved?
The lawyer being on a Barclays approved list is duty bound to inform Barclays of any changes to the sale price. If you prohibit your lawyer to report the price change to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new conveyancing practitioner for your conveyancing in Brampton.
Forgive me if this question is silly but I am wet behind the ears as FTB of a ground floor flat in Brampton. Do I collect the keys to the property on the completion date from my conveyancer? If so, I will find a local conveyancing solicitor in Brampton?
On the day of completion you do not need to go to the conveyancers office in Brampton. Your solicitors will arrange to send the completion advance to the seller's solicitors, and shortly after the monies have arrived, you will be able to receive the keys from the property Agents and move into your new home. Usually this happens between 1 and 3pm.
A colleague informed me that in buying a property in Brampton there could be various restrictions as to what one can do in terms of external changes to a property. Is this right?
We are aware of a number of properties in Brampton which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Brampton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I had a mortgage agreed in principle with Kent Reliance. Brampton conveyancing solicitors were chosen. How long does it take for Kent Reliance to send the offer to the lawyer?
There is no definitive answer here. Have Kent Reliance conducted the survey? Have you informed Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Over the last few months I have been searching for a flat up to £235,500 and found one near me in Brampton I like with a park and railway links nearby, however it only has 49 years on the lease. I can't really find anything else in Brampton for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan that many years will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
Hoping to buy a property located in Brampton and I am already nervous. I couldn't find anything specific about Brampton. Conveyancing will be needed in due course but do you know about the Brampton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Brampton. In the meantime here are some basic statistics that we found
Can you provide any top tips for leasehold conveyancing in Brampton from the perspective of saving time on the sale process?
- Much of the delay in leasehold conveyancing in Brampton can be bypassed if you appoint lawyers as soon as you market your property and ask them to put together the leasehold documentation needed by the purchasers’ representatives. If you are supposed to have a share in the Management Company, you should make sure that you are holding the original share certificate. Obtaining a replacement share certificate is often a time consuming process and delays many a Brampton conveyancing deal. If a reissued share certificate is needed, you should approach the company director and secretary or managing agents (where applicable) for this sooner rather than later. You may think that you are aware of the number of years left on your lease but it would be wise to verify this via your lawyers. A buyer’s lawyer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the remaining number of years is under 80 years. It is therefore essential at an as soon as possible that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. A minority of Brampton leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers.
I bought a 1 bedroom flat in Brampton, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Brampton with a long lease are worth £265,000. The ground rent is £50 per annum. The lease ceases on 21st October 2100
With only 76 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as legals.
The figure 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 without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
I have instructed a Brampton conveyancing solicitor for our house purchase (FTB’s) and have noticed in the engagement letter that they are not covered by the Financial Conduct Authority. Should I be worried or is that standard with lawyer?
We can't see why they should be. Most conveyancer don't lend money. You should check that they are governed by the SRA, who have stringent obligations in relation to monies deposited in their bank.