Are the Wotton under Edge conveyancing solicitors identified as being on the Clydesdale conveyancing panel, together with their details provided by Clydesdale?
Wotton under Edge conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
Are there restrictive covenants that are commonly identified as part of conveyancing in Wotton under Edge?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Wotton under Edge. 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 encouragement of my in-laws I had a survey completed on a house in Wotton under Edge ahead of appointing conveyancers. I have been told that there is a flying freehold element to the house. My surveyor advised that some banks tend not issue a loan on a flying freehold property.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wotton under Edge. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are new on the property ladder - agreed a price, but the estate agent has warned us that the owners will only move forward if we appoint the agent's preferred conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local conveyancer who is familiar with conveyancing in Wotton under Edge
We suspect that the owner is not behind this requirement. Should the owner desire ‘a quick sale', turning down a genuine buyer is likely to cause more damage than good. Bypass the agents and go straight to the owners and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you are going to instruct your preferred Wotton under Edge conveyancing solicitors - not the ones that will give their negotiator at the agency a referral fee or achieve conveyancing figures set by head office.
Are there frequently found problems that you see in leases for Wotton under Edge properties?
Leasehold conveyancing in Wotton under Edge is not unique. All leases are unique and drafting errors can result in certain provisions are not included. 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 defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Nationwide Building Society, Skipton Building Society, and Clydesdale all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to pull out.
Wotton under Edge Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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The majority of Wotton under Edge leasehold properties will be liable to pay a service bill for maintenance of the block set on behalf of the freeholder. If you acquire the flat you will have to pay this liability, normally in instalments throughout the year. This can be anything from a few hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a rentcharge to be met yearly, normally this is not a exorbitant amount, say around £25-£75 but you need to check it because sometimes it can be prohibitively expensive. Does the lease have in excess of 82 years unexpired? Who is in charge of the block?
I am in the process of buying my first home in Wotton under Edge. Conveyancing solicitor already chosen. The broker advised that a survey is not needed as the property was only built in 1997.
The bare minimum you need a Home Buyer's Report. Given the premises is over ten years old the property will be without a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report could be sufficient. They will highlight any apparent problems and suggest further investigation where relevant. Where there are any indications of material issues obtain a comprehensive Building Survey from the beginning.