Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Kings Norton. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 20/11/2020, the requirements read as follows :
My relative suggested that where I am buying in Kings Norton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Kings Norton conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about Kings Norton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Kings Norton Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Kings Norton Education with plans and statistics, Local Amenities and other useful information about Kings Norton.
Are there restrictive covenants that are commonly identified during conveyancing in Kings Norton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Kings Norton. 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…’
In what way can the Landlord & Tenant Act 1954 affect my business property in Kings Norton and how can you help?
The particular law that you refer to provides protection to business lessees, giving them the dueness to make a request to court for a continuation of occupancy at the end of the lease term. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Kings Norton is one of the numerous locations in which our lawyers are based
If all goes to plan we aim to complete the disposal of our £200,000 flat in Kings Norton in seven days. The managing agents has quoted £348 for Landlord’s certificate, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in Kings Norton?
Kings Norton conveyancing on leasehold apartments usually involves administration charges levied by landlords agents :
Completing pre-contract enquiries
Where consent is required before sale in Kings Norton
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Kings Norton Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
Is there a share of the freehold? You should be aware that where the lease has no more than eighty years it will impact the value of the apartment. It is worth checking with your mortgage company that they are willing to to proceed given the lease term. Leases with less than 80 years remaining means that you will almost definitely require a lease extension sooner rather than later and it is worth finding out how much this will be. Remember, in most cases you would be required to have been the owner of the residence for two years before you are eligible to extend the lease. Does the lease have in excess of 80 years remaining?