I am purchasing a new build flat in Eden Park. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Eden Park you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Eden Park.
We are buying a end of terrace house in Eden Park. Our aim is to carry out an extension to the side at the house.Will the conveyancing process involve investigations to determine if these works are permitted?
Your property lawyer will check the registered title as conveyancing in Eden Park will on occasion identify restrictions in the title deeds which prohibit categories of changes or necessitated the permission of a 3rd party. Some additions require local authority planning consent and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor before you commit yourself to a purchase.
Last month we had a mortgage agreed in principle with TSB. Eden Park conveyancing practitioners have been chosen. What is the average time that one could expect to receive a mortgage offer from TSB?
There is no definitive answer here. Have TSB completed the valuation? Have you advised TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Clydesdale have agreed my home loan in principle, my offer on a flat in Eden Park has been agreed to, what are the next steps?
Your estate agent will want to be informed of your conveyancer's details (be sure the lawyers are on the bank’s approved list). Call up Clydesdale or your financial adviser and complete any appropriate forms. Clydesdale will appoint a valuer who will get in contact with the estate agent or owners to schedule a time for the valuation to occur. Once conducted (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Clydesdale will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Eden Park.
My friend suggested that if I am buying in Eden Park I should ask my conveyancer to execute 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 Eden Park conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Eden Park around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Eden Park Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data regarding Eden Park.
I am purchasing my first flat in Eden Park with the aid of help to buy. The builders would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not disclose to my solicitor about this deal as it could jeopardize my loan with the lender. Do I keep my lawyer in the dark?.
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.
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 quick, no chain conveyancing. Eden Park is the location of the property. Is there any advice you can impart?
Flying freeholds in Eden Park are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Eden Park you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Eden Park 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.
I am looking at a couple of maisonettes in Eden Park which have in the region of 50 years remaining on the leases. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a prescribed time frame. As a lease shortens the marketability of the lease reduces and results in it becoming more costly to acquire a lease extension. This is why it is often a good idea to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a protracted process. We recommend you seek professional help from a conveyancer and surveyor with experience in this field.
Having spent years of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Eden Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most certainly. We are happy to put you in touch with a Eden Park conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Eden Park residence is 26 Manor Road in July 2010. the Tribunal decided that price to be paid for the freehold was £12,420 This case affected 2 flats. The number of years remaining on the existing lease(s) was 76.75 and 88.83.