It is 10 years ago since I purchased my property in Easthampstead. Conveyancing solicitors have now been appointed on the sale but I am unable to locate the title deeds. Will this cause complications?
You need not be too concerned. Firstly the deeds may be with your lender or they could be in the possession of the solicitor who oversaw the purchase. Secondly in all probability the land will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. Most conveyancing in Easthampstead relates to registered property but in the rare situation where your property is not registered it adds to the complexity but is resolvable.
A relative recommended that if I am purchasing in Easthampstead I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Easthampstead conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Easthampstead around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Easthampstead Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data about Easthampstead.
I'm buying my first flat in Easthampstead with the aid of help to buy. The builders would not move on the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not inform my lawyer about the extras as it may put at risk my loan with the lender. 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.
I've found a house that seems to tick a lot of boxes, at a great figure which is making it all the more appealing. I have subsequently found out that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Easthampstead. Conveyancing advisers have are about to be instructed. Will they explain the issues?
Most houses in Easthampstead are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. It is clear that you are buying in Easthampstead so you should seriously consider looking for a Easthampstead conveyancing practitioner and be sure that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’spermission to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the estate where the house is part of an estate. Your conveyancer should advise you fully on all the issues.
Easthampstead Leasehold Conveyancing - Sample of Queries Prior to Purchasing
What restrictions are there in the Easthampstead Lease? The answer will be useful as a) areas may cause problems for the block as the communal areas may begin to deteriorate where maintenance are not paid for b) if the leasehold owners have an issue with the managing agents you will wish to have full disclosure Plenty Easthampstead leasehold flats will incur a service bill for the upkeep of the building invoiced by the freeholder. Where you buy the apartment you will have to meet this contribution, normally in instalments during the year. This may differ from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a ground rent to be met yearly, ordinarily this is not a significant amount, say approximately £25-£75 but you should to check as sometimes it can be many hundreds of pounds.
My offer on property in Easthampstead was agreed to, but there is a chain. The vendors have put an offer on a flat, although it’s not yet tied up, and are looking at other properties in the pipeline. I have selected a local conveyancing solicitor in Easthampstead. What do I do now? When should I get the mortgage application with Santander going with Santander?
It is normal to have apprehensions where there is an associated chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then survey, Easthampstead conveyancing search fees, etc). First, you should ensure that your property lawyer is on the Santander approved list. Concerning the next stages this very much depends on the specifics of your case, desire for the property and on the state of the market. In a buoyant market many purchasers will apply for a home loan with Santander and pay for the valuation and only if it comes back ok would they request their solicitor to press on with the conveyancing in Easthampstead.