My colleague advised me that where I am buying in Eaglescliffe I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Eaglescliffe conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Eaglescliffe around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Eaglescliffe Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information concerning Eaglescliffe.
3 months have gone by since my purchase conveyancing in Eaglescliffe completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing my first flat in Eaglescliffe with a loan from Platform Home Loans Ltd. The sellers refused to move on the amount so I negotiated £7000 of additionals instead. The sale representative advised me not reveal to my solicitor about the deal as it may impact my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
My wife and I purchased a leasehold flat in Eaglescliffe. Conveyancing and Platform Home Loans Ltd mortgage organised. A letter has just been received from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Eaglescliffe who acted for me is not around. Any advice?
The first thing you should do is contact the Land Registry to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Eaglescliffe conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I bought a split level flat in Eaglescliffe, conveyancing formalities finalised December 2002. How much will my lease extension cost? Equivalent properties in Eaglescliffe with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ceases on 21st October 2072
With only 53 years remaining on your lease we estimate the price of your lease extension to be between £27,600 and £31,800 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
I have been advised by numerous family members that it may take 6-8 weeks for Eaglescliffe conveyancing to complete.This was a month ago. The draft contract was only received from the vendors lawyer yesterday so now does it countdown?
Don't rely on completing on a certain date until contracts are exchanged. Regardless of the promises the people you are buying from or selling to make, or your lender makes don't rely on them. More frustration is caused to home movers by unfulfilled assurances than anything else.