My friend advised me that where I am buying in Fairfield I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Fairfield conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Fairfield around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Fairfield Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Fairfield Education with maps and statistics, Local Amenities and other useful data regarding Fairfield.
The deeds to my property are lost. The solicitors who dealt with the conveyancing in Fairfield 10 years ago no longer exist. What are my options?
Assuming you have a registered title the information relating to your ownership will be evidenced by the Land Registry under a Title Number. It is possible to conduct a search at the Land Registry, find your house and order up to date copies of the Registered Entries for a small fee. Where the title is Leasehold then the Land Registry will usually retain a file duplicate of the Registered Lease and again, a copy can be retrieved for £20 inclusive of VAT.
How does conveyancing in Fairfield differ for newly converted properties?
Most buyers of new build residence in Fairfield come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because house builders in Fairfield typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Fairfield or who has acted in the same development.
I am looking for a ground for flat up to £195,000 and identified one close by in Fairfield I like with amenity areas and transport links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Fairfield in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the shortness of the lease will likely be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I'm converting the mortgage on my primary home to a buy to let mortgage with Aldermore and I will use the rest of the raised equity as a deposit on further property. The area we are talking about is Fairfield. Will your conveyancers be able to act for the two lenders and link together the transactions?
Make use of our search tool on this page to check that the conveyancers are approved by both banks. Having checked that they are the conveyancer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you conveyancer and make apparent your desired outcome and requirements.
We expect to complete the sale of our £475,000 flat in Fairfield in just under a week. The management company has quoted £312 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Fairfield?
Fairfield conveyancing on leasehold apartments usually necessitates fees being raised by landlords agents :
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Answering pre-exchange questions
Where consent is required before sale in Fairfield
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Fairfield Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing
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It would be prudent to find out as much as possible about the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you are frequently in the clutches of the managing agents both financially and when it comes to every day issues such as the upkeep of the communal areas. Ask other tenants whether they are happy with them. Finally, investigate as to the dates that the service fees are due to the managing agents and precisely what you get for your money. It is important to be aware if a new roof is being installed or some other significant cost is due shortly to be shared between the leaseholders and may well dramatically increase the the service charges or require a specific invoice. Are any of leasehold owners in dispute over their service charge liability?