A colleague informed me that in purchasing a property in New Addington there could be various restrictions affecting the ability to carry out external alterations to a property. Is this right?
We are aware of anumerous of properties in New Addington which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in New Addington should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Me and my brother have a 4 bedroom Victorian property in New Addington. Conveyancing lawyer acted for me and . I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the matching property. 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 for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in New Addington and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with your conveyancing lawyer who conducted the work.
How does conveyancing in New Addington differ for newly converted properties?
Most buyers of new build or newly converted property in New Addington contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is constructed. This is because house builders in New Addington typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in New Addington or who has acted in the same development.