Why do I have to pay up front for conveyancing in Hatton Park?
Where you are retaining lawyers for conveyancing in Hatton Park your lawyer will ask you to provide them with funds to cover the search fees. Normally this is needed to cover the fees of the Local Authority Search. When the down payment is payable against the purchase price then this should be needed shortly prior to exchange of contracts. Any further balance that is needed should be sent to your lawyer a couple of days prior to the completion date.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Hatton Park?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Hatton Park. 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 purchasing a new build house in Hatton Park benefiting from help to buy. The developers would not budge the price so I negotiated 6k of additionals instead. The sale representative advised me not inform my solicitor about this extras as it will adversely affect 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.
I have been on the look out for a flat up to £245,000 and identified one close by in Hatton Park I like with amenity areas and station nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Hatton Park in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage the shortness of the lease will be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
Living abroad I am unable to be present at my Hatton Park conveyancing solicitors office to execute documents connected to my conveyancing in Hatton Park – will this be an issue?
You need not be concerned. Hatton Park conveyancing solicitors can handle home moves for clients nationally. It is not necessary for you to be able to be present a Hatton Park conveyancers office. Almost all conveyancing practitioner can deal with everything through post, email, telephone and fax.