My friend suggested that where I am purchasing in Shildon 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 sometimes included in the estimate for your Shildon conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Shildon around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Shildon Education with plans and statistics, Local Amenities and other useful data regarding Shildon.
I am buying my first flat in Shildon with the aid of help to buy. The developers would not move on the amount so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not disclose to my solicitor about this extras as it may put at risk my loan with the bank. Do I keep my lawyer in the dark?.
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 am looking for a ground for flat up to £195,000 and found one round the corner in Shildon I like with a park and transport links nearby, however it only has 61 remaining years left on the lease. There is not much else in Shildon for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term may be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
I have been sourcing a conveyancing lawyer in Shildon for my remortgage. Is there any facility to review a solicitor's record with the legal regulator?
Anyone may read documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. To find records Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA may recorded call for training reasons.
My folks are encountering difficulties in finding their Shildon land registry title on the website. They recall that back in the 60’s when they acquired the property there were complications with Shildon not being identified on some systems.
Nearly all properties in Shildon should be revealed. Have you attempted a search to just the postcode. Normally it will mention all the houses and flats within the postcode. Where registered it will show up with a title number. If they bought 50 years ago it's conceivable it may be unregistered. The address might still be revealed but with the title number shown 'na'. In this scenario you will need to find the original title deeds which may be with your parent’s bank.