About to place an offer on a leasehold property in Burghfield Common. The estate agents say that it is the norm for flats in Burghfield Common to have less than 75 years left on the lease. I am obtaining a mortgage with Chelsea Building Society. Will the property be mortgageable given that the lease has Seventy One years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 16/5/2022 the requirements read as follows :
My wife and I buying a end of terrace house in Burghfield Common. We would like to convert the garage to a playroom at the property.Will the conveyancing process involve enquiries to determine if these works are allowed?
Your solicitor should check the registered title as conveyancing in Burghfield Common can sometimes identify restrictions in the title deeds which restrict certain alterations or need the permission of a 3rd party. Many extensions require local authority planning permissions and approval in accordance building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
I happen to be the single recipient of my late father’s will and I have everything in my name now, including the my former home in Burghfield Common. The Burghfield Common property was put into my name in April. I plan to dispose of the house. I do know about the Mortgage Lenders six month 'rule', meaning my proprietorship may be treated the same way as if I'd bought the house in April. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. How practical a view mortgage companies take of it, depend on the bank as this requirement is chiefly there to pick up on the purchase and immediately sell or the quick reselling of property.
Can you point me to a directory of TSB panel conveyancers in Burghfield Common on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings viewable online. Where you are in need of a Burghfield Common conveyancing practitioner on the TSB please use our facility.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to take this when acquiring a property in Burghfield Common? or I am told that there is a law dating back centuries that could mean that house owners living in a parish church boundary may be liable to pay for repairs to the chancel in proximity to the church. Is this appropriate for conveyancing in Burghfield Common?
Unless a prior acquisition of the house took place after 12 October 2013 you may assume that conveyancing practitioners carrying out conveyancing in Burghfield Common to continue to recommend a chancel search and or chancel repair liability policy.
In my capacity as executor for the will of my uncle I am selling a property in Cardiff but reside in Burghfield Common. My lawyer (approximately 260 miles awayrequires that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing solicitor in Burghfield Common who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are Burghfield Common based
I happen to be an executor of my recently deceased aunt’s Will, with a bungalow in Burghfield Common which will be marketed. The house is unregistered at the Land Registry and I'm told that many estate agents will insist that it is completed before they'll move forward. What's the mechanism for this?
In the situation you refer to it seems advisable to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.