A colleague informed me that in purchasing a property in Blandfordum there could be various restrictions preventing external changes to a property. Is this right?
We are aware of a number of properties in Blandfordum which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Blandfordum should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have paid off my mortgage with Skipton. I assume I don't need a Blandfordum conveyancer on the Skipton panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Skipton mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Skipton mortgage from the register. Skipton, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
After what seems like an age I have had an offer on an apartment in Blandfordum accepted, but there is a chain. The sellers have put an offer on a property, however it’s not been accepted yet, and are looking at other properties booked. I have selected a local conveyancing solicitor in Blandfordum. What should be my next step? At what point do I apply for the mortgage with Skipton?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx £1k, then valuation, Blandfordum conveyancing search costs, etc). First, you must check that your lawyer is on the Skipton approved list. Regarding the next stages this very much dictated by the specifics of your transaction, desire for the property and on the state of the market. During a buoyant market many buyers will apply for the mortgage with Skipton and arrange for the valuation and only if it comes back ok would they pay their lawyer to move forward with searches.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one close by in Blandfordum I like with amenity areas and station in the vicinity, however it's only got 52 years unexpired on the lease. There is not much else in Blandfordum for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan that many years may be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I am looking into buying my first house which is in Blandfordum and I am already nervous. I couldn't find anything specific about Blandfordum. Conveyancing will be needed in due course but do you know about the Blandfordum area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Blandfordum. In the meantime here are some basic statistics that we found
In my capacity as executor for the will of my grandfather I am selling a house in Newport but live in Blandfordum. My solicitor (based 300 miles from mehas requested that I execute a stat dec before the transaction finalising. Could you suggest a conveyancing solicitor in Blandfordum to attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are located in Blandfordum
I am intending to sublet my leasehold apartment in Blandfordum. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
A lease dictates relations between the freeholder and you the leaseholder; specifically, it will indicate if subletting is banned, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is permitted. Most leases in Blandfordum do not prevent subletting altogether – such a clause would undoubtedly devalue the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly supplying a copy of the sublease.
I purchased a studio flat in Blandfordum, conveyancing was carried out 8 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Blandfordum with over 90 years remaining are worth £186,000. The ground rent is £55 levied per year. The lease expires on 21st October 2073
With 52 years unexpired the likely cost is going to be between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.