I am soon to complete buying a house in South Oxhey but as a result of damage from a small fire at the property I have managed to agree reparation from the owner of £2k by way of a reduction in the price. I had intended this to be dealt with as part of amending the contract however HSBC are not allowing this. Should they have been notified?
Any conveyancer that is on the HSBC approved list is duty bound to disclose to HSBC of any amendments to the purchase price. If you were to refuse your conveyancer to disclose the reduction to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new property lawyer for your conveyancing in South Oxhey.
Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in South Oxhey so that I can pop in to their offices when needed.
As opposed to twenty years ago, most lenders no longer need their conveyancing panel solicitor to witness the mortgagors signature. You will still be obliged to supply ID documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in South Oxhey.
A friend advised me that where I am buying in South Oxhey I should carry out 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 South Oxhey conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about South Oxhey 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 type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about South Oxhey.
Are there restrictive covenants that are commonly picked up during conveyancing in South Oxhey?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in South Oxhey. 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…’
Due to the guidance of my in-laws I had a survey completed on a property in South Oxhey in advance of retaining solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies will not issue a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in South Oxhey. Conveyancing may be slightly more expensive based on your lender's requirements.
I am in need of some leasehold conveyancing in South Oxhey. Before diving in I want to be sure as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and 99.9% are in South Oxhey - 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 have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a South Oxhey conveyancing firm to act on my behalf?
Most definitely. We are happy to put you in touch with a South Oxhey conveyancing firm who can help.
An example of a Lease Extension decision for a South Oxhey premises is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case affected 3 flats. The unexpired lease term was 71 years.