Are there restrictive covenants that are commonly identified during conveyancing in Disley?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Disley. 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 Disley benefiting from help to buy. The sellers refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The property agent suggested that I not to tell my conveyancer about the deal as it may jeopardize my mortgage with the bank. Should I keep quiet?.
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 am looking for a flat up to £195,000 and found one close by in Disley I like with a park and transport links nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Disley for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan the remaining unexpired lease term will likely be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
Am I right to be concerned about 3rd parties that I am dealing with are encouraging me to use a web based conveyancing firm rather than a High Street Disley conveyancing firm?
As with many professional services, often input from connections can be worth their weight in gold. Nevertheless there are many people with a keen interest in a conveyancing transaction; estate agents, mortgage brokers and lenders might all put forward lawyers to retain. On occasion the solicitors might be known to one of the organisations as experts in their field, but sometimes there exists a financial incentive behind the endorsement. You are free to select your own lawyer. You need to be aware that many mortgage providers specify a panel list of conveyancers you are obliged to use for the mortgage related work in your home move.
My step-father has recommend that I instruct his conveyancing solicitors in Disley. Should I use them?
No doubt the ideal way to choose a conveyancing lawyer is to seek feedback from friends or relatives who have previously instructed the solicitor that you are considering.
The conveyancers handling our conveyancing in Disley has forwarded papers to review that state the property is unregistered with epitome documents. Surely all properties in Disley should be registered?
Most property in Disley is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Disley conveyancing lawyers should be able to handle this type of conveyancing but where uncertainty reigns the usual advice these days is for the seller to address the registration formalities first and thereafter deal with the dispose of the property to the purchaser - this will predictably result in a protracted conveyancing.