Are there restrictive covenants that are commonly picked up during conveyancing in Crayford?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Crayford. 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 Crayford with a loan from . The sellers refused to reduce the price so I negotiated £7000 of extras instead. The property agent told me not inform my solicitor about the deal as it could impact my mortgage with the bank. Should I keep quiet?.
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.
Over the last few months I have been searching for a flat up to £235,500 and identified one round the corner in Crayford I like with a park and railway links nearby, however it's only got 49 years unexpired on the lease. I can't really find anything else in Crayford for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage the shortness of the lease may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
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At this site secure a fixed fee quote via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Crayford. Unlike many estate agents and many comparison sites we do not operate kick-back arrangements with solicitors. Some agents and online brokers 'recommend' solicitors paying the highest commission, as opposed to the best value conveyancing in Crayford
We are in the process of selling our flat in Crayford. Conveyancing is fine but we are being charged a fortune by the landlord. To date we have forked out £268 for a leasehold management information and then another £200 plus VAT for additional queries supplied by the buyers .
You will not have control over the level of the fee for this information however the average costs for the information for Crayford leasehold premises is £350. For Crayford conveyancing sales it is standard for the vendor to cover the costs. The freeholder or their agents are not duty bound to address such questions although many will be willing to do so - albeit often at exorbitant prices out of proportion to the work involved. Unfortunately there is no statute that mandates fixed charges for administrative tasks. Neither is there any prescriptive time frame by which they are required to issue answers.