What are Hartlepool's searches?
Searches are queries carried out in the interest of the purchaser. These cannot be used in place of a survey.
I am buying a residential property in Fens. Does the home receive stamp duty relief?
Hartlepool disadvantaged areas are identified by local government ward. Areas in Hartlepool include Park, Brinkburn, Brus, Dyke House, Fens, Jackson, Owton, Rossmere, St. Hilda and Stranton. Update: As of the 2013/14 tax year, stamp duty relief for disadvantaged areas is no longer available.
Which of the mortgage lender panels in Hartlepool are your solicitors on?
We have solicitors with experience working alongside most lenders approved by the CML. A number of mortgage specialists operate in Hartlepool, including Darlington Building Society, Unit 4 Jubilee House/York Rd, Hartlepool, TS26 9EN, North East Home Loans Ltd, 23 Park Rd, Hartlepool, TS24 7PW, and Original Mortgage Co Ltd, Po Box 340, Hartlepool, TS24 4DU.
Why is it silly to buy a leasehold with less than 99 years to run?
In large part, if a leasehold drops below 90 years, it’s because mortgage companies will not be willing to lend money to purchase the leasehold. They will almost certainly have a stipulation on the length of the leasehold as part of their criteria for lending.
Most buyers are very aware of this and the trend is for an insistence of the sellers to provide an extension back up to the 99-year or 125-year thresholds before considering its purchase. Otherwise, even if you can finance it, eventually you’ll have to consider the legal cost of extending the lease yourself.
As a consequence of the major flooding in Sept 2012 in North East England we are wondering whether environmental searches may not be sufficient?
Environmental searches handled by your conveyancer in Hartlepool will include a far more rigorous search (Landmark) if the risk is deemed significant.
If you are apprehensive you might try to get in touch with a future neighbour.
The local agent has put forward a solicitors firm. Must I instruct this firm?
Both agents and mortgage brokers will usually suggest a conveyancer. However, if they are paid a referral fee, there is a risk that an agent may choose the solicitor willing to pay the highest referral fee, not the best solicitor for your needs.
Is it important that we get a chancel search? I am buying a home close to a rectory manor in Hartlepool.
Property owners proximate to nearby church property are expected to fund repairs, as a result of chancel repair liability. Liability has the potential to impact the value of a Hartlepool property, but an indemnity policy may be available to protect the new owners. Hartlepool church lands include St Columba, Holy Trinity, St Oswald and St Aidan.