Me and my partner are due to exchange buying a property in Hampton Hill but as a consequence of damage from the recent storms I have managed to agree reparation from the owner of three thousand pounds in the form of a reduction in the price. This was going to be dealt with as part of a side agreement yet are not allowing this. Why were they approached?

Any being on a approved list is required to advise of any amendments to the sale price. If you were to refuse your to report the reduction to then they would have to discontinue acting for you. In addition, and you would have to appoint a new for your conveyancing in Hampton Hill.

It is 10 years ago since I bought my home in Hampton Hill. Conveyancing solicitors have recently been instructed on the sale but I am unable to locate the title documents. Is this a problem?

Don’t worry too much. Firstly there is a chance that the deeds will be with the mortgage company or they could be in the possession of the lawyers who oversaw your purchase. Secondly the chances are that the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. Most conveyancing in Hampton Hill involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is resolvable.

I'm purchasing a new build house in Hampton Hill with the aid of help to buy. The builders would not reduce the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep suggested that I not inform my conveyancer about the side-deal as it could jeopardize my loan with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer 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.

Due to the input of my in-laws I had a survey completed on a property in Hampton Hill prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies will refuse to grant a loan on this type of property.

It varies from the lender to lender. Lloyds has different requirements from Halifax. Should you wish to telephone us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hampton Hill. Conveyancing may be slightly more expensive based on your lender's requirements.

I am tempted by the attractive purchase price for a two apartments in Hampton Hill both have about fifty years left on the leases. Should I regard a short lease as a deal breaker?

There is no doubt about it. A leasehold apartment in Hampton Hill is a wasting asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it adversely affects the value of the premises. For most purchasers and lenders, leases with under eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Hampton Hill conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Hampton Hill Leasehold Conveyancing - A selection of Questions you should consider before buying

Are any of leasehold owners in dispute over their service charge liability? What is the name of the managing agents? Is the freehold reversion owned collectively by the tenants?