My uncle advised me that in buying a property in Kemp Town there could be a number of restrictions as to what one can do in terms of external changes to the property. Is this right?
There are anumerous of properties in Kemp Town which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Kemp Town should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Having read lots of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Kemp Town solicitor - who is on the Nationwide conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Nationwide will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nationwide will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Kemp Town postcode. As you are getting a mortgage with Nationwide, you could contact them to see if they have a list of approved surveyors in Kemp Town.
Santander have agreed my mortgage in principle, my offer on a property in Kemp Town has been agreed to, what happens next?
The estate agent will want to know who your solicitors are (ensure that the property lawyers are on the bank’s approved list). Contact Santander or your broker and complete any relevant paperwork. Santander will instruct a valuer who will get in contact with the selling agent or vendor to schedule a time for the valuation to take place. Once conducted (assuming no problems) it takes on average a week to receive the mortgage offer. Santander will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Kemp Town.
Will commercial conveyancing searches reveal planned roadworks that could impact a commercial land in Kemp Town?
Its becoming the norm that commercial conveyancing solicitors in Kemp Town will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Kemp Town. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Kemp Town.
For each commercial conveyancing transaction in Kemp Town it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Kemp Town commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Kemp Town.
three months have gone by since my purchase conveyancing in Kemp Town took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a leasehold apartment up to £245,000 and identified one close by in Kemp Town I like with amenity areas and transport links in the vicinity, however it only has 52 years unexpired on the lease. I can't really find anything else in Kemp Town suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months 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 term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
Am I best advised to go with a Kemp Town conveyancing solicitor based in the location that I am hoping to buy? We have a good friend who can carry out the legal formalities but they are based over three hundred kilometers drive away.
The benefit of a high street Kemp Town conveyancing practice is that you can drop in to execute paperwork, hand in your identification documents and apply pressure on them if necessary. They will also have local insight which is a benefit. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and on the whole were content that must surpass using an unfamiliar Kemp Town conveyancing solicitor solely due to them being based in the area.
My sealed bid on house in Kemp Town was accepted, the seller does nevertheless have a tied purchase. The owners have submitted an offer on somewhere, although it’s not yet agreed to, and has viewings of other apartments in the pipeline. I have selected a nearby conveyancing lawyer in Kemp Town. What do I do now? At what point do I apply for the mortgage with HSBC?
It is usual to have anxieties where there is a chain given your reluctance to be too out of pocket prematurely (home loan application is approx £1k, then survey, Kemp Town conveyancing search costs, etc). The first thing to do is check that your solicitor is on the HSBC conveyancing panel. Concerning the next stages this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. In a buoyant market some purchasers would apply for a home loan with HSBC and arrange for the valuation and only if it comes back ok would they pay their lawyer to press on with the conveyancing in Kemp Town.