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.
Is it easy to sell a house without using an estate agent?
It’s relatively straightforward to sell your own home without involving an estate agent, although you should be warned that it’s a time-consuming process (which is why agents set a certain fee to pay for their time in getting your home sold).
First you need to get a proper valuation of your home, which can be done by paying a chartered surveyor and registered valuer, or you can research the house prices in the area for similar properties to get an idea of how they are selling.
Once you are happy with the price, you can advertise the property (there are several free sites that allow you to do this). Legally, you’re required to obtain an Energy Performance Certificate for the property before putting it up for sale, so you’ll need to organize a registered energy assessor to create this for you. Then you can start arranging viewings and negotiate an agreed price with anyone who is interested.
We would recommend, however, that you sign up with an estate agent as they can do all the leg work for you. The key thing, though, is to understand their fees and rates before signing an agreement with them.
Should I change the locks after I move in?
It would be a wise move to replace the locks upon moving into your new home, for peace of mind if nothing else. Although you may have received a number of copies of the keys, you may not know accurately whether that bunch constitutes every copy.
Although changing the locks will be an extra cost, you may find that buildings insurance may look on the move favourably, too.
Need guidance on what to expect from the conveyancing and legal work associated with your planned move? Call our team at Homeward Legal on 0800 038 6699 and they'll get you set up today.
It seems that barium soil contamination may be an issue in West Thurrock. Please advise.
Though the dangers are usually minor, if significant harm could be caused to people or protected species by the contamination, it is likely to be labelled contaminated land. Other sources of contaminated land include water contaminants such as silage.
What is the council tax on a Fifties terraced dwelling in West Thurrock?
Conventionally a conveyancer's title report should cover the Thurrock council tax band. Up-to-date rates for residents of West Thurrock are published on the Thurrock local authority site. On 05/02/2013 rates for all bands are:
- Band A - £871.00
- Band B - £1,016.00
- Band C - £1,161.00
- Band D - £1,306.00
- Band E - £1,596.00
- Band F - £1,886.00
- Band G - £2,177.00
- Band H - £2,612.00