What can a local search tell me concerning the property we're purchasing in Oundle?
Oundle conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for example Searches UK The local search is essential in every Oundle conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search should provide data 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 thirteen subject sections.
About to purchase a new build flat in Oundle. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Oundle
-
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I am selling my property. My previous conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Oundle if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Oundle. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
In my capacity as executor for the will of my father I am selling a house in Monmouth but I am based in Oundle. My conveyancer (approximately 250 miles from merequires that I execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Oundle who can witness and place their company stamp on the document?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are Oundle based
Last October I purchased a leasehold property in Oundle. Am I liable to pay service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a ground floor flat in Oundle, conveyancing formalities finalised 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Oundle with a long lease are worth £201,000. The ground rent is £45 levied per year. The lease ceases on 21st October 2091
With just 65 years left to run the likely cost is going to range between £13,300 and £15,400 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.
My partner and I plan to buy our first property in Oundle. Conveyancing practitioner has been chosen. The broker advised that a survey is not necessary as the property was only built 22 years ago.
You would be well advised to take a Home Buyer's Report. As the residence was built more than a decade ago the property will not benefit from a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report may be enough. They will highlight any apparent issues and suggest further investigation where relevant. If there are any signs of material issues get a comprehensive Building Survey from the beginning.