Me and my partner are soon to exchange on the purchase of a property in Cheshunt but as a result of wreckage from some water damage at the property I have managed to agree compensation from the vendor of six thousand pounds in the form of a deduction in the price. I had intended this to be dealt with as part of amending the contract however Nottingham are not allowing this. Should they have been notified?
The conveyancing practitioner that is on a Nottingham approved list is duty bound to advise Nottingham of any amendments to the sale price. If you prohibit your property lawyer to notify the price change to Nottingham then they would have to discontinue acting for you. In addition, Nottingham and you would have to appoint a new lawyer for your conveyancing in Cheshunt.
It is a dozen years since I bought my home in Cheshunt. Conveyancing solicitors have recently been appointed on the sale but I can't locate my deeds. Is this a problem?
You need not be too concerned. First the deeds may be kept by your lender or they may be archived with the conveyancers who handled your purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. Almost all conveyancing in Cheshunt relates to registered property but in the unlikely event that your property is not registered it adds to the complexity but is resolvable.
My wife and I have recently appointed a conveyancing solicitor in Cheshunt. I I would like to check if they are on the The Mortgage Works conveyancing panel. Could you advise?
The first thing you should do is e-mail the solicitor and enquire if they can act for the bank. Alternatively you can get in touch with The Mortgage Works who may be able to assist.
A colleague recommended that if I am purchasing in Cheshunt I should ask my conveyancer to 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 included in the estimate for your Cheshunt conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Cheshunt around the property and the people living there. It includes 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 House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Cheshunt.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one near me in Cheshunt I like with a park and transport links in the vicinity, however it's only got 51 years unexpired on the lease. I can't really find anything else in Cheshunt for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
Are all Cheshunt solicitors on every bank conveyancing panel?
You can use our search tool or you can go into your high street bank branch in Cheshunt. Chances are that they can recommend conveyancing solicitors in Cheshunt