What will a local search reveal about the property my wife and I buying in Groby?
Groby conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations for instance Searchflow The local search is essential in every Groby conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will supply information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
Me and my brother own a 4 bedroom Georgian property in Groby. Conveyancing practitioner acted for me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Groby and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing lawyer who conducted the purchase.
I am buying my first flat in Groby benefiting from help to buy. The builders would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The sale representative told me not inform my lawyer about the extras as it will jeopardize my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Groby is where the house is located. Is there any advice you can give?
Flying freeholds in Groby are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Groby you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Groby may ascertain 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 residence.
I was recommended by a number of property agents in Groby to get a quote from a conveyancer using your seach tool. Is there a financial incentive for Estate Agents to recommend your site rather than alternative conveyancing organisations?
We don’t give any referral fee for directing people in our direction. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Am I better off to instruct a Groby conveyancing lawyer in close proximity to the house I am hoping to buy? I have an old university friend who can conduct the legal work however her office is approximately 350miles away.
The benefit of a high street Groby conveyancing firm is that you can drop in to execute paperwork, hand in your ID and apply pressure on them if necessary. They will also have local knowledge which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and in the main were happy that must surpass using an unfamiliar Groby conveyancing lawyer just because they are round the corner.