A relative advised me that where I am purchasing in Stroud Green I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Stroud Green conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Stroud Green around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Stroud Green Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information about Stroud Green.
I'm purchasing my first flat in Stroud Green with a loan from Chelsea Building Society. The builders would not move on the amount so I negotiated 6k of additionals instead. The estate agent advised me not disclose to my lawyer about this side-deal as it could put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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 am looking for a leasehold apartment up to £235,500 and found one near me in Stroud Green I like with open areas and transport links in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Stroud Green suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage that many years may be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I am selling my home. My former lawyers has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Stroud Green if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Stroud Green. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
My cousin has encouraged me to use his lawyers for conveyancing in Stroud Green. Should I choose my own conveyancer?
Much as we are happy to recommend a Stroud Green conveyancing lawyer the best way to select a conveyancing solicitor is to have guidance from friends or family who have previously instructed the firm that you are considering.
We own a leasehold flat in Stroud Green. Conveyancing was finished in 21012. I have heard that I mustn’t allow the the remaining lease term to get too short. What is the reasoning?
Stroud Green domestic long term leases are for a fixed term - often just under one hundred years when they commenced. However many appartments in Stroud Green were constructed or converted in the 60’s and so these leases now have fewer than 80 years remaining. This may seem like a long time however Banks, Building Societies and other mortgage lenders generally need leases to have a minimum of 75 years unexpired to be mortgageable. This means that when you come to sell the property you will need a lease extension if you are approaching eighty years. To enhance the marketability of your property you should be considering whether or not to extend your lease long before you come to sell it. Please note that there are significant benefits to doing so before the lease reaches even eighty years as when the lease falls below eighty years the amount to be paid to extend starts to escalate.