Last we completed a house move in Borough Green. We have noticed several problems with the house which we suspect were missed in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that needed to have been carried out for conveyancing in Borough Green?
It is not clear from the question as to the nature of the problems and if they are unique to conveyancing in Borough Green. Conveyancing searches and investigations undertaken as part of the legal transfer of property are supposed to help avoid problems. As part of the legal transfer of property, the vendor answers a questionnaire known as a SPIF. If the information ends up being misleading, then you may have a claim against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Borough Green.
My apartment in Borough Green is up for sale and I have a purchaser. Does the have to be required to be on the conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently in recent years.
Are there restrictive covenants that are commonly identified as part of conveyancing in Borough Green?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Borough Green. 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 decided to have a survey done on a house in Borough Green in advance of retaining solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some lenders may refuse to grant a mortgage on this type of house.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Borough Green. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Borough Green to see if the conveyancing costs will increase in light of this.
I bought a studio flat in Borough Green, conveyancing having been completed in 1995. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Borough Green with a long lease are worth £165,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease terminates on 21st October 50
You have 50 years remaining on your lease we estimate the price of your lease extension to be between £36,100 and £41,800 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.