Me and my partner are purchasing our first home. Our conveyancing practitioner has e-mailedto enquire if we want to take out additional conveyancing searches. We are really unsure what's appropriate for conveyancing in Godstone
The range of Godstone conveyancing searches should be dictated primarily on the premises, the location, the probability of any of these risks, your knowledge of the region and risks, your overall approach to risk. What matters is that you adequately understand what information each search could provide. You may then decide if you personally think you need that information. If uncertain, ask the property lawyer to explain.
Can you explain why leasehold purchase conveyancing in Godstone costs more?
The conveyancing fees on a leasehold property in Godstone is often greater than on a freehold property. This is due to the extra investigations necessary in dealing with the freeholder and management company to obtain evidence concerning whether the rent and service charges have been discharged and whether there are any major works due in the foreseeable future on repairs or maintenance of the building.
My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Godstone. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this allowed?
Where you plan to refinance then Santander will insist on your using a conveyancer on the Santander conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Santander conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Santander mortgage is registered as a charge at the Land Registry.
A friend recommended that if I am buying in Godstone I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Godstone conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Godstone around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Godstone Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data about Godstone.
Due to the guidance of my in-laws I had a survey completed on a property in Godstone ahead of retaining conveyancers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some lenders will refuse to give a loan on this type of property.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Godstone. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for residential conveyancing in Godstone. I've discover a web site which seems to have the perfect offering If it is possible to get all formalities done via web that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?