A friend advised me that where I am buying in Biddulph I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Biddulph conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Biddulph around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Biddulph.
Due to the encouragement of my in-laws I had a survey completed on a property in Biddulph prior to appointing lawyers. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some lenders may refuse to give a mortgage on such a property.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Biddulph. Conveyancing will be smoother if you use a solicitor in Biddulph especially if they are familiar with such properties in Biddulph.
I'm refinancing my current property to a BTL loan with Norwich and Peterborough Building Society and intend to use the remaining equity as a down payment on another property. The location we are interested in is Biddulph. Will your conveyancers be able to act for both sets of lenders and link together the two deals?
Make use of our comparison tool on this page to be sure that the lawyers are approved by both lenders. Having checked that they are the conveyancer should be able to tie up the two conveyancing matters but you should have a chat with you lawyer and specify your desired outcome and needs.
I need to appoint a conveyancing solicitor for some conveyancing in Biddulph. I happened to chance upon a site which appears to be the perfect solution If there is a chance to get all the legals completed via email that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I own a leasehold flat in Biddulph. Conveyancing was finalised in last year. I have heard that I mustn’t allow the lease length fall too short. Why is that a problem?
Biddulph residential long term leases are for a fixed period - usually just under one hundred years when they commenced. However many flats in Biddulph were built or converted in the 60’s and so these leases now have fewer than eighty years remaining. That may seem like a long time however Banks, Building Societies and other mortgage companies on the whole require leases to have a minimum of 75 years left to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are nearing 75 years. To optimize your property value you should be thinking about whether to extend your lease long before you come to sell it. Please note that there are advantages to doing so before the lease reaches even eighty years as when the lease is less than eighty years the amount you have to pay to extend starts to increase.