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Recently asked questions about conveyancing in Winterton

About to place a bid on a leasehold flat in Winterton. The selling agents advise that it is the norm for flats in Winterton to have less than 75 years remaining. I am obtaining a mortgage with Platform. Will the property be mortgageable given that the lease has 69 years unexpired.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 12/2/2019 the requirements read as follows :

70 years unexpired at application, 30 years at the end of the mortgage term, except where the mortgage application is pursuant to Platform's participation in the Government's Help to Buy Shared Equity scheme, in which case (a) the unexpired lease term must not be less than 250 years for new-build houses and not less than 125 years for new-build flats and (b) ground rent must be reasonable at all times and any escalation must be linked to RPI (Retail Price Index) or a similar index.

Should my lawyer be raising questions concerning flooding during the conveyancing in Winterton.

The risk of flooding is if increasing concern for solicitors specialising in conveyancing in Winterton. Some people will acquire a house in Winterton, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the property. Steps can be carried out during the course of a house purchase to forewarn the purchaser.

Conveyancers are not best placed to give advice on flood risk, but there are a numerous searches that may be initiated by the buyer or by their solicitors which should give them a better appreciation of the risks in Winterton. The standard completed inquiry forms supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the owner to find out if the premises has historically flooded. In the event that the property has been flooded in past and is not revealed by the owner, then a purchaser may issue a legal claim for losses resulting from an incorrect reply. A purchaser’s conveyancers will also order an environmental search. This will reveal whether there is a recorded flood risk. If so, additional investigations should be initiated.

My wife and I purchased a 4 bedroom Georgian property in Winterton. Conveyancing practitioner represented me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?

You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Winterton and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing solicitor who conducted the purchase.

I'm converting the mortgage on my primary property to a buy to let mortgage with TSB and intend to use the remaining equity as a down payment on a second house. The neighborhood we are interested in is Winterton. Will your conveyancers be able to act for both sets of banks and link together the conveyances?

Make use of our search tool on this site to be sure that the solicitors are approved by both banks. Having checked that they are your solicitor will be able to simultaneously deal with the two transactions but you should talk with you solicitor and make apparent your expectations and requirements.

As co-executor for the will of my grandfather I am selling a residence in Monmouth but reside in Winterton. My conveyancer (based 250 kilometers awayrequires that I execute a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Winterton to witness this legal document for me?

strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are based in Winterton

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