Can you explain why leasehold purchase conveyancing in Crofton Park costs more?

Crofton Park leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

I am purchasing my first flat in Crofton Park with a loan from The Royal Bank of Scotland. The developers refused to budge the price so I negotiated 6k of extras instead. The sale representative suggested that I not inform my lawyer about this deal as it could jeopardize my mortgage with The Royal Bank of Scotland. 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 have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Crofton Park I like with a park and station nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Crofton Park for this price, so just wondered if I would be making a grave error buying a short lease?

Should you need a home loan the shortness of the lease will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.

My step-father has suggested that I instruct his lawyers for conveyancing in Crofton Park. Do I take his recommendation?

Much as we are happy to recommend a Crofton Park conveyancing lawyer the ideal way to choose a conveyancing practitioner is to have feedback from friends or family who have experience in using the firm you're are thinking of instructing.

We are in the process of acquiring a house in Crofton Park. Could our property lawyer keep our transaction price a secret from sites such as Nestoria. How do I make sure this is not disclosed?

HM Land Registry by statute are obliged to specify price sold information on a register of the title for residential properties nationwide which includes homes in Crofton Park. The register of ownership is a public document, so the Land Registry would be breaching their statutory duty excluded certain properties such as your property in Crofton Park.

In essence you can ask HMLR to withhold the amount paid entry yet the answer will be a No.