It is a dozen years since I bought my house in South Harrow. Conveyancing lawyers have just been retained on the sale but I am unable to locate my title documents. Is this a major issue?
Don’t worry too much. Firstly the deeds may be with the lender or they could be archived with the lawyers who acted in the purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers acquiring up to date copy of the land registers. Nearly all conveyancing in South Harrow relates to registered property but in the rare situation where your property is unregistered it is more of a problem but is not insurmountable.
My friend recommended that if I am purchasing in South Harrow I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your South Harrow conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about South Harrow 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 statistics, South Harrow Education with plans and statistics, Local Amenities and other useful information regarding South Harrow.
I'm buying a new build house in South Harrow with a mortgage from Norwich and Peterborough Building Society. The developers would not budge the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not inform my lawyer about the extras as it would affect my mortgage with Norwich and Peterborough Building Society. 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.
Planning to exchange soon on a basement flat in South Harrow. Conveyancing lawyers inform me that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in South Harrow should include some of the following:
Additions to the premises Ground rent - what is due and when you need to pay, and also know whether this is subject to change Responsibility for maintaining the window frames You should have a good understanding of the building insurance provisions Whether your lease provides for a reserve fund?
I have had difficulty in negotiating a lease extension in South Harrow. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to determine the price payable.
An example of a Lease Extension decision for a South Harrow property is GFF 1 Holyrood Avenue in May 2014. The Tenant wished to acquire a new (extended) lease and applied to the Willesden County Court who granted a vesting order on 20* March2013. The Tribunal decied that the premium to be paid was £9,062 This case affected 1 flat. The unexpired term as at the valuation date was 79 years.
Living abroad I am unable to travel my South Harrow conveyancing practitioners office to sign documents connected to my conveyancing in South Harrow – will this be an issue?
You need not be concerned. South Harrow conveyancing solicitors can undertake home moves for clients who are based anywhere. It is not necessary for you to be able to be present a South Harrow conveyancers office. Almost all lawyer can handle everything through post, email, telephone and fax.