My wife and I are planning on selling our home in Hethersett and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A local conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed a national conveyancing outfit rather than a conveyancing solicitor in Hethersett. We have lived in Hethersett for many years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Just had an offer accepted on a new build apartment in Hethersett. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Hethersett
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Please provide 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. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I have been on the look out for a flat up to £235,500 and found one round the corner in Hethersett I like with open areas and transport links nearby, the downside is that it's only got 52 years on the lease. There is not much else in Hethersett for this price, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan that many years will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
We're FTB’s - agreed a price, but the selling agent advised that the seller will only proceed if we instruct their chosen lawyers as they need an ‘expedited deal’. We would rather use a family conveyancer accustomed to conveyancing in Hethersett
It is improbable the owners are driving this. Should the seller desire ‘a quick sale', turning down a serious purchaser is going to damage their objectives. Speak to the owners direct and explain that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)however you will continue to use your own,trusted Hethersett conveyancing solicitors - not the ones that will give their estate agent a introducer fee or hit his conveyancing thresholds demanded by senior management.
Having had my offer accepted I require leasehold conveyancing in Hethersett. Before diving in I would like to find out the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Hethersett - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Hethersett Leasehold Conveyancing - Examples of Questions you should ask Prior to buying
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You should be aware that where the lease has no more than eighty years it will impact the value of the flat. Check with your mortgage company that they are willing to lend given the lease term. A short lease means that you will probably have to extend the lease sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you would need to own the property for 24 months before you are legally able to extend the lease. How many of the leaseholders are in arrears for their service charge payments? Please tell me if there are any major works in the planning that will likely add a premium to the maintenance fees?