Are there restrictive covenants that are commonly identified during conveyancing in Whitworth?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Whitworth. 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…’

I'm buying my first flat in Whitworth benefiting from help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not inform my solicitor about this side-deal as it would affect my loan with Nationwide Building Society. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am looking for a leasehold apartment up to £245,000 and identified one close by in Whitworth I like with a park and transport links in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Whitworth for this price, so just wondered if I would be making a grave error purchasing a short lease?

If you need a home loan the remaining unexpired lease term may be an issue. Discount the offer 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 can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.

I have been advised by a couple of local estate agents in Whitworth to find a solicitor on your site. Is there a financial incentive for Estate Agents to market your lawyers ahead of alternative conveyancing organisations?

We refuse to give any commission for pointing buyers and sellers to this site. We found it would be just too difficult a fee as a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.

I am in need of some leasehold conveyancing in Whitworth. Before I get started I would like to find out the remaining lease term.

Assuming the lease is recorded at the land registry - and 99.9% are in Whitworth - 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.

I purchased a garden flat in Whitworth, conveyancing formalities finalised 7 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Whitworth with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £50 levied per year. The lease ends on 21st October 2100

With 75 years left to run we estimate the price of your lease extension to span between £8,600 and £9,800 plus professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.