Are there restrictive covenants that are commonly picked up as part of conveyancing in Waterlooville?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Waterlooville. 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…’
How does conveyancing in Waterlooville differ for newly converted properties?
Most buyers of new build property in Waterlooville come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because developers in Waterlooville typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Waterlooville or who has acted in the same development.
I have been pointed in your direction by a number of selling agents in Waterlooville to locate a property lawyer using your seach tool. What’s the financial incentive for Estate Agents to recommend your lawyers over and above another?
We don’t give any commission for sending work our way. We found it would be just too difficult to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
My husband and I are FTB’s - had an offer accepted, but the estate agent has warned us that the seller will only go ahead if we use their chosen lawyers as they want a ‘quick sale’. My instinct tells me that we should use a family solicitor who is accustomed to conveyancing in Waterlooville
It is highly unlikely the vendors are behind this. Should the owner want ‘a quick sale', turning down a motivated purchaser is not the way to achieve this. Avoid the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you intend to use your own,trusted Waterlooville conveyancing firm - not the ones that will earn the estate agent a introducer fee or meet his conveyancing thresholds set by head office.
Back In 2006, I bought a leasehold flat in Waterlooville. Conveyancing and Coventry Building Society mortgage are in place. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Waterlooville who previously acted has now retired. Do I pay?
First contact HMLR to make sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to instruct a Waterlooville conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Waterlooville Leasehold Conveyancing - Sample of Questions you should ask before buying
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You should want to discover as much as you can about the company managing the building as they will impact your use and enjoyment of the property. As the owner of a leasehold property you are frequently at the mercy of the managing agents both financially and when it comes to day to day issues like the upkeep of the communal areas. Ask other people what they think of their management. In conclusion, be sure you know the dates that you are obliged pay the maintenance charge to the appropriate party and specifically how they are spending the funds. Does the lease have in excess of 82 years left? Are any of leasehold owners in dispute over their service charge liability?
Estate agents have just been given the go-ahead to market my ground floor flat in Waterlooville.Conveyancing solicitors are to be appointed soon however I have just received a quarterly maintenance charge demand – should I leave it to the buyer to sort out?
It best that you discharge the maintenance contribution as normal because all rents and service payments will be allottedas part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially