I am need of leasehold conveyancing for a flat in a fairly new development (seven years old) in Park Hill. The vast majority the appartments are already occupied. Do I need carry out the conveyancing searches as part of conveyancing in Park Hill?
If you getting a mortgage, your bank will need some (many) of the searches so you'll have no choice. If not, then Park Hill conveyancing searches are optional. No doubt your conveyancer, will 'advise', perhaps in the strongest possible terms, that you should have the searches done, but he or she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or ask you to appoint a different lawyer for your conveyancing in Park Hill.
It is is a decade since I acquired my home in Park Hill. Conveyancing solicitors have now been instructed on the sale but I am unable to locate my title documents. Will this cause complications?
Don’t worry too much. First there is a possibility that the deeds will be with the lender or they may be in the possession of the solicitor who oversaw the purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Park Hill relates to registered property but in the rare situation where your home is unregistered it is more of a problem but is resolvable.
We are buying a house and the lawyer has identified Chancel Repair for which the property could be liable because it falls into the area of such a church. She has mentioned insurance. Is this strictly appropriate for conveyancing in Park Hill
Unless a prior purchase of the property completed after 12 October 2013 you may take it that lawyers carrying out conveyancing in Park Hill to continue to advocate a chancel search and or insurance against a claim.
It has been 4 months since my purchase conveyancing in Park Hill completed. I have checked the Land Registry site which shows that I paid £200,000 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 residence 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 am buying my first flat in Park Hill benefiting from help to buy. The sellers would not move on the amount so I negotiated £7000 of additionals instead. The house builders rep advised me not to tell my solicitor about the side-deal as it would adversely affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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 decided to have a survey completed on a property in Park Hill ahead of retaining solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some banks will not issue a loan on such a property.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Park Hill. Conveyancing may be slightly more expensive based on your lender's requirements.