What can a local search inform me regarding the property my wife and I purchasing in Griffithstown?
Griffithstown conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance PSG The local search is essential in every Griffithstown conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your new home. The search should provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I opted to have a survey done on a property in Griffithstown prior to appointing solicitors. I have been told that there is a flying freehold element to the property. My surveyor has said that some banks tend not issue a loan on a flying freehold house.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Griffithstown. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are FTB’s - agreed a price, yet the property agent told us that the seller will only issue a contract if we appoint their chosen solicitors as they need a ‘quick sale’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Griffithstown
We suspect that the seller is unaware of this request. Should the owner require ‘a quick sale', alienating a serious buyer is not the way to achieve this. Contact the sellers directly and explain that (a)you are motivated buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you are going to appoint your own,trusted Griffithstown conveyancing firm - rather thanthose that will earn the estate agent a introducer fee or meet his conveyancing targets demanded by HQ.
Planning to complete next month on a studio apartment in Griffithstown. Conveyancing lawyers inform me that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Griffithstown should include some of the following:
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Setting out your rights in respect of the communal areas in the block.By way of example, does the lease include a right of way over a path or hallways? Who has the liability to repair and maintain the block. It is essential that you know who is liable for the repair and maintenance of every part of the building How long the lease is. You should receive guidance as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years Rent payments - what is payable and when you need to pay, and also know whether this is subject to change
I bought a leasehold flat in Griffithstown, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Griffithstown with a long lease are worth £191,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease expires on 21st October 2078
With just 53 years left to run we estimate the price of your lease extension to be between £27,600 and £31,800 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
There are numerous houses in Griffithstown on private lanes. My wife and I are acquiring such a property. What would be the advantages and disadvantages of purchasing a house on a privately owned road?
Griffithstown conveyancing practices will be well versed in transacting homeson private. The conveyancing practitioner will review the Land Registry data to find any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that owners pay into to maintain the road. Where one exists, the road should be maintained and look better than council adopted.