My uncle advised me that in purchasing a property in Radford there may be a number of restrictions preventing external alterations to the property. Is this right?

There are anumerous of properties in Radford which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Radford should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

The mortgage over my property is with RBS for my property in Radford. Conveyancing was finalised 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform RBS?

Your original mortgage agreement with RBS will provide that you need their approval prior to letting out your property as this is likely to be a breach of RBS’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact RBS directly. It should not be necessary to do this via a RBS conveyancing panel lawyer.

It is not clear whether my mortgage offer requires a lease extension. I have called my Radford bank branch on numerous occasions and was told it wasn't an issue and they would lend. My Radford conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.

The lawyer must follow the Council of Mortgage Lenders’ Handbook section two conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

Will commercial conveyancing searches reveal planned roadworks that could affect a commercial property in Radford?

Many commercial conveyancing solicitors in Radford will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Radford. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Radford.

For each commercial conveyancing transaction in Radford it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to Radford commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Radford.

4 months have elapsed since my purchase conveyancing in Radford took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Radford is where the house is located. Can you shed any light on this issue?

Flying freeholds in Radford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Radford you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Radford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

Looking forward to sign contracts shortly on a studio apartment in Radford. Conveyancing solicitors inform me that they are sending me a report next week. What should I be looking out for?

Your report on title for your leasehold conveyancing in Radford should include some of the following:

specifics of the parties to the lease, for example these could be the tennant, head lessor, landlord The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Responsibility to repair and maintain the main walls and foundations. It is essential for you to know who is responsible the repair and maintenance of every part of the building You should be informed what counts as a Nuisance as far as the lease is concerned You would want to be sent a copy of the lease

Radford Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing

In the main the cost for major works tend not to be incorporated into the maintenance charges, albeit that there some managing agents in Radford require leasehold owners to pay into a reserve fund created for the specific intention of building a fund for larger works. Plenty Radford leasehold apartments will have a service charge for maintenance of the building levied on behalf of the landlord. If you acquire the apartment you will have to meet this contribution, usually in instalments accross the year. This can differ from a couple of hundred pounds to thousands of pounds for bigger purpose-built buildings. In all likelihood there will be a ground rent for you to pay annual, ordinarily this is not a large amount, say around £25-£75 but you need to check as on occasion it can be many hundreds of pounds. The best form of lease arrangement is a share of the freehold. In this arrangement the lessees enjoy control and although a managing agent is often retained if the building is larger than a house conversion, the managing agent is directed by the tenants.