Me and my partner are buying our first home. The property lawyer has texted usto check if we would like to purchase extra conveyancing searches. As novices we have no idea as to what's recommended for conveyancing in Forest Hill
The range of Forest Hill conveyancing searches should be triggered based primarily on the premises, the location, the possibility of any of these risks, your familiarity of the locality and risks, your general approach to risk. What matters is that you adequately appreciate what information each search could give you. Then you can make a decision if you personally think you need that information. If in doubt, ask your lawyer to guide you.
I am selling our house in Forest Hill and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any local lawyer would know this is not the case. It does beg the question why the buyers are using an internet conveyancing outfit as opposed to a conveyancing solicitor in Forest Hill. We have lived in Forest Hill for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing firm already. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
Are there restrictive covenants that are commonly identified as part of conveyancing in Forest Hill?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Forest Hill. 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 am purchasing a new build house in Forest Hill with the aid of help to buy. The sellers refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not disclose to my solicitor about the deal as it could put at risk my loan with National Westminster Bank. 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.
I decided to have a survey carried out on a property in Forest Hill ahead of appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some lenders will not grant a loan on this type of property.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Forest Hill. Conveyancing will be smoother if you use a solicitor in Forest Hill especially if they are familiar with such properties in Forest Hill.