Are there restrictive covenants that are commonly picked up during conveyancing in Sevenoaks?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Sevenoaks. 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 opted to have a survey completed on a house in Sevenoaks in advance of appointing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some lenders may not issue a loan on a flying freehold house.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. Should you wish to call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Sevenoaks. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Sevenoaks to see if the conveyancing will be more expensive.
Hoping to buy a property located in Sevenoaks and I am already nervous. I couldn't find anything specific about Sevenoaks. Conveyancing will be needed in due course but do you know about the Sevenoaks area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Sevenoaks. In the meantime here are some basic statistics that we found
Am I better off to instruct a Sevenoaks conveyancing lawyer in close proximity to the house I am purchasing? We have a good friend who can handle the legal work but they are based approximately 350miles drive away.
The primary upside of using a local Sevenoaks conveyancing practice is that you can visit the firm to sign documents, deliver your ID and pester them if necessary. They will also have local knowledge which is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and they were content that must outweigh using an unfamiliar Sevenoaks conveyancing solicitor just because they are based in the area.
Are there frequently found defects that you see in leases for Sevenoaks properties?
Leasehold conveyancing in Sevenoaks is not unique. Most leases are individual and legal mistakes in the legal wording can sometimes mean that certain provisions are wrong. For example, if your lease is missing any of the following, it could be defective:
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A provision for the recovery of money spent for the benefit of another party. A duty to insure the building
You may have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, Skipton Building Society, and Nottingham Building Society all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, forcing the purchaser to withdraw.
Sevenoaks Leasehold Conveyancing - Examples of Queries before Purchasing
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The best form of lease structure is a share of the freehold. In this scenario the tenants enjoy control and even though a managing agent is frequently retained if it is larger than a house conversion, the managing agent is directed by the tenants. This information is useful as a) areas could result in problems for the building as the communal areas may start to deteriorate where repairs remain unpaid b) if the tenants have an issue with the running of the building you will need to have full disclosure What restrictions are there in the Sevenoaks Lease?
I'm purchasing a flat in Sevenoaks. I have found my conveyancer's company on the Law Society's list, but I can't locate my lawyer's name as listed on the regulator's website. Should I be concerned?
Not all staff in the law firm must be listed by the regulator. Provided there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unqualified staff.