A colleague suggested that if I am buying in Poundbury I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Poundbury conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Poundbury around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Poundbury Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Poundbury Education with maps and statistics, Local Amenities and other useful information about Poundbury.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Poundbury?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Poundbury. 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…’
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Poundbury is where the house is located. Can you offer any assistance?
Flying freeholds in Poundbury are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Poundbury you must be sure that your lawyer goes 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 Poundbury may determine 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.
As co-executor for the will of my grandmother I am disposing of a property in Monmouth but live in Poundbury. My conveyancer (based 200 kilometers from mehas requested that I sign a stat dec prior to completion. Can you recommend a conveyancing lawyer in Poundbury to witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are based in Poundbury
I am on look out for some leasehold conveyancing in Poundbury. Before I get started I want to be sure as to the remaining lease term.
Assuming the lease is recorded at the land registry - and almost all are in Poundbury - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a basement flat in Poundbury, conveyancing was carried out October 2005. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Poundbury with an extended lease are worth £202,000. The ground rent is £60 per annum. The lease runs out on 21st October 2083
With just 57 years left to run we estimate the premium for your lease extension to span between £28,500 and £33,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.
We had our mortgage approved on Monday with our lender. We are using a high street conveyancer in Poundbury two days ago. A couple of hours ago, our mortgage adviser called to say that the lender said that we cannot use our solicitor as they aren't on their panel. As novices, we had no idea that the lender had a say Is this allowed?
You are permitted to use any conveyancing solicitor you want to select including the said conveyancer in Poundbury nevertheless if your lender aren't happy with them you must fork out additional cost so your lender can retain their own lawyers. It may be possible your solicitor may apply to get added to the mortgage company list of approved firms. Do make the most of online tools such as lenderpanel.com to find a conveyancing solcitor in Poundbury on the lender panel. You can go into your high street bank branch in Poundbury. They can recommend conveyancing solicitors in Poundbury on the panel for your lender.