We are aiming to move house in January. Will my conveyancing solicitor liaise with the removal company on the completion day. On a separate note, can you recommend a removal company in Hazlemere. Conveyancing firm was chosen prior to coming across your site.
On the day of completion you can pick up the house keys from your property agent however this should only happen after the sellers solicitors inform the agent that they acknowledge receipt of the completion payment and the keys can be handed over. Subsequently you should advise the removal company that they can start moving you in. As a matter of policy we do not recommend a particular removal company but can assist you in finding a residential property solicitor in Hazlemere or a solicitor with expertise in conveyancing in Hazlemere.
I am buying a terrace house in Hazlemere. The intention is to convert the garage to a playroom at the property.Will the conveyancing process involve enquiries to determine if these alterations are allowed?
Your property lawyer should check the registered title as conveyancing in Hazlemere will on occasion identify restrictions in the title documents which prohibit categories of alterations or necessitated the permission of a 3rd party. Some extensions need local authority planning consent and approval under the building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be sensible to check these issues with a surveyor ahead of any purchase.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Hazlemere bank branch on numerous occasions and was told it does not impact the mortgage offer and they would lend. My Hazlemere conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they refuse to lend in accordance with their published requirements. I have no idea who is right.
Your solicitor has to comply with the Council of Mortgage Lenders’ Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
A relative advised me that if I am purchasing in Hazlemere 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 occasionally quoted for as part of the standard Hazlemere conveyancing searches. It is not a small report of more than thirty pages, listing and setting out important information about Hazlemere around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Hazlemere Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Hazlemere Education with plans and statistics, Local Amenities and other useful information concerning Hazlemere.
About to purchase a new build apartment in Hazlemere. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Hazlemere
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I am looking at a couple of flats in Hazlemere which have about fifty years remaining on the leases. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold apartment in Hazlemere is a wasting asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it adversely affects the salability of the property. For most buyers and mortgage companies, leases with less than 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Hazlemere conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I own a garden flat in Hazlemere, conveyancing was carried out April 2004. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Hazlemere with an extended lease are worth £227,000. The ground rent is £50 yearly. The lease expires on 21st October 2096
You have 72 years unexpired we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.
Is it true that a Hazlemere conveyancing company got sued by a client for not carrying out the appropriate conveyancing investigations?
We are not aware of such a Hazlemere conveyancing claim but according to a recent report, clients acquiring a house in Cumbria successfully won a case against their property lawyer due to development permission to build a wind farm failing to be picked up in conveyancing searches.
Where you are contemplating buying a home in Hazlemere It is important that your lawyer purchase all Hazlemere conveyancing searches necessary making sure that you have relevant and current information ahead of buying a property.