My colleague suggested that if I am buying in Soho I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Soho conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about Soho around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Soho Education with plans and statistics, Local Amenities and other useful data concerning Soho.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who did the conveyancing in Soho 4 years ago no longer exist. Will I be able to sell the house?
Gone are the days when you need to hold title original deeds to establish that you own the land or premises, as the Land Registry hold details of all registered land or property electronically.
I'm purchasing a new build house in Soho with a mortgage from TSB. The sellers refused to budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not reveal to my conveyancer about the extras as it would jeopardize my mortgage with TSB. Do I keep my lawyer in the dark?.
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've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Soho is the location of the property. Can you offer any opinion?
Flying freeholds in Soho 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 Soho you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Soho 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.
What does commercial conveyancing in Soho cover?
Non domestic conveyancing in Soho covers a broad array of services, offered by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My husband and I have had DIP from Barclays Direct who indicated we could borrow up to £300k. At what point do I need to instruct a practitioner for conveyancing? Soho is where we plan to move to.
It would be wise to appoint a solicitor now requesting that they open a file for you. This will kickstart: 1) the estate agent to issue a Sales Memo to the relevant parties 2) the seller’s property lawyer to send out the draft contract. However, do not instruct your property lawyer to start searches until you have your valuation report from Barclays Direct and you are content to proceed.