A colleague recommended that where I am purchasing in Poundbury I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes quoted for as part of the standard Poundbury conveyancing searches. It is not a small report of about 40 pages, listing and detailing significant information about Poundbury around the property and the people living there. It incorporates 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 Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information concerning Poundbury.
Are there restrictive covenants that are commonly identified during 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 property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Poundbury is where the house is located. Can you offer any advice?
Flying freeholds in Poundbury are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Poundbury you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Poundbury may decide 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 estate of my uncle I am selling a house in Swansea but I am based in Poundbury. My solicitor (who is 260 kilometers from meneeds me to execute a statutory declaration ahead of completion. Could you suggest a conveyancing solicitor in Poundbury who can witness this legal document for me?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are located in Poundbury
Having had my offer accepted I require leasehold conveyancing in Poundbury. Before I get started I would like to find out the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and most are in Poundbury - then the leasehold title will always include the short particulars 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 inherited a 1st floor flat in Poundbury, conveyancing was carried out 7 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Poundbury with a long lease are worth £202,000. The ground rent is £60 yearly. The lease ends on 21st October 2083
With 57 years unexpired the likely cost is going to be between £28,500 and £33,000 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.
Our lenders have just issued us with a mortgage offer. We are using a long established conveyancer in Poundbury yesterday. Today, our mortgage adviser phoned to advise us that the lender said that we cannot use our solicitor as they aren't on their panel. As FTB's, we did not have a clue that the mortgage company had a say Is this legal?
You are permitted to select any lawyer you prefer to select including the said conveyancer in Poundbury but if they are not on the your lender's approved list you would have to pay additional cost so the mortgage company can retain their own solicitors as well to protect their interest. On occasion it is conceivable that your solicitor may apply to get included on to the mortgage company list of approved firms. You can use web-based tools including lenderpanel.com to find a conveyancing solcitor in Poundbury on the mortgage company panel. You can go into your high street mortgage company branch in Poundbury. They can recommend conveyancing solicitors in Poundbury on the panel for your bank.