My wife and I are due to exchange buying a property in Leegomery but as a result of damage from the recent storms I have managed to agree compensation from the vendor in the sum of £3k in the form of a reduction in the price. I had intended this to be dealt with as part of amending the contract but Clydesdale are not allowing this. Should they have been informed?
Your conveyancer that is on the Clydesdale approved list is required to advise Clydesdale of any changes to the sale price. If you were to refuse your conveyancer to disclose the price change to Clydesdale then they would have to discontinue acting for you. In addition, Clydesdale and you would have to appoint a new conveyancing practitioner for your conveyancing in Leegomery.
I am buying a 3 bedroom semi in Leegomery. Our aim is to an extension at the rear at the property.Will the conveyancing process include investigations to determine if these works are allowed?
Your solicitor will check the deeds as conveyancing in Leegomery will sometimes identify restrictions in the title deeds which prevent categories of changes or require the permission of another owner. Many extensions need local authority planning consent and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor before you commit yourself to a purchase.
I have been advised by my solicitor that lack of building regulations insurance is required on my purchase. What is the level of cover for Leegomery conveyancing?
The appropriate level of lack of building regulations indemnity insurance should be dictated by who your lender. It would differ for example between National Westminster Bank and Coventry Building Society. Conveyancing solicitors as opposed to borrowers take out such policies.
When it comes to mortgage companies such as Co-operative, do Leegomery conveyancers incur a fee to be on the list of approved solicitors?
We are not aware of any lender fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
Are there restrictive covenants that are commonly picked up during conveyancing in Leegomery?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Leegomery. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a flat up to £235,500 and found one round the corner in Leegomery I like with a park and station nearby, however it only has 51 years on the lease. I can't really find anything else in Leegomery suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
I was pointed in your direction by a couple of local selling agents in Leegomery to find a solicitor using your seach tool. What’s the financial upside for Estate Agents to offer your site rather than another?
We refuse to offer any financial incentive for directing people to this site. We thought it would be too underhand a fee as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
My mother and father are having difficulties in finding their Leegomery land registry title on the site. They recall that fifty years ago when they acquired the property there were complications concerning the address not being recognised in some systems.
The vast majority of premises in Leegomery should appear. Have you tried a search to just the postcode. Normally it should disclose all the premises within the postcode. Where registered it will show up with a title number. If they bought sixty years ago it's conceivable it may be unrecorded. The property may still be revealed but with the title number shown 'na'. In this scenario you will need to locate the original title documentation which could be with your parent’s lender.