My wife and I own a semi-detached Victorian property in Burghfield Common. Conveyancing solicitor represented me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Burghfield Common and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing lawyer who completed the work.
I am buying my first flat in Burghfield Common with a mortgage from Aldermore. The builders refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not inform my solicitor about this side-deal as it will impact my loan with Aldermore. 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.
We're new on the property ladder - agreed a price, but the selling agent informed us that the vendor will only go ahead if we instruct the agent's recommended solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street solicitor with experience of conveyancing in Burghfield Common
It is unlikely the sellers are driving this. Should the owner desire ‘a quick sale', taking such a hostile approach to a serious buyer is counter productive. Avoid the agents and go straight to the sellers and explain that (a)you are genuine buyers (b)you are ready to progress, with finances in place © you are unencumbered (d) you intend to proceed fast (e)however you are going to appoint your preferred Burghfield Common conveyancing lawyers - not the ones that will give their negotiator at the agency a kickback or hit his conveyancing thresholds set by senior management.
I work for a reputable estate agency in Burghfield Common where we have experienced a number of flat sales put at risk due to leases having less than 80 years remaining. I have been given conflicting advice from local Burghfield Common conveyancing solicitors. Can you clarify whether the owner of a flat can start the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Burghfield Common Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing
Please inform me if there are any major works in the near future that will likely increase the service charges? For many Burghfield Common leaseholds the outlay for major works are not included within maintenance charges, although a few managing agents in Burghfield Common obliged leaseholders to contribute towards a sinking fund and this is used to offset against larger works. It is important to be aware whether window replacement or some other significant cost is anticipated to be shared amongst the tenants and will dramatically impact the level of the maintenance costs or require a one off invoice.
My aunt purchased her house in Burghfield Common ten years past. She has been married, widowed and in recent months got married again. She wishes to market the house next moths. I believe she will simply be asked to supply copies of her marriage papers to the solicitor however she is anxious it could frustrate the conveyancing. Should she appoint a conveyancing practitioner to update the title details for the house?
The is no need to update the title for the property on the basis that you have the evidence required to show how the change of name occurred.
The buyer’s conveyancer will check the title entries and require evidence to prove the name change e.g. marriage certificates.