I have recentlybecome aware that Arc property Solicitors have been shut down. They conducted my conveyancing in Arkley for a purchase of a leasehold apartment 9 months ago. How can I be sure that my home is in my name in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Arkley conveyancing specialists.
How does conveyancing in Arkley differ for new build properties?
Most buyers of new build residence in Arkley come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because developers in Arkley tend to buy the land, 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 Arkley or who has acted in the same development.
I opted to have a survey completed on a house in Arkley prior to retaining lawyers. I have been informed that there is a flying freehold element to the house. The surveyor has said that some banks tend refuse to issue a loan on such a home.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Arkley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Arkley to see if the conveyancing will be more expensive.
My father has recommend that I use his conveyancers in Arkley. Should I use them?
Much as we are happy to recommend a Arkley conveyancing lawyer it’s preferable to find a conveyancing practitioner is to seek referrals from friends or family who have actually previously instructed the conveyancer that you are contemplating using.
Do you have any top tips for leasehold conveyancing in Arkley with the purpose of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Arkley can be bypassed where you appoint lawyers as soon as you market your property and ask them to collate the leasehold documentation needed by the purchasers’ lawyers. In the event that you altered the property did you need the Landlord’s approval? In particular have you installed wooden flooring? Most leases in Arkley state that internal structural changes or addition of wooden flooring necessitate a licence from the Landlord acquiescing to such works. Should you fail to have the approvals in place you should not communicate with the landlord without contacting your solicitor in advance. If you are supposed to have a share in the Management Company, you should make sure that you are holding the original share certificate. Arranging a replacement share certificate is often a lengthy process and frustrates many a Arkley conveyancing deal. Where a duplicate share is necessary, you should approach the company director and secretary or managing agents (where applicable) for this at the earliest opportunity. You believe that you know the number of years remaining on your lease but you should double-check via your conveyancers. A buyer’s lawyer will not be happy to advise their client to to exchange contracts if the remaining number of years is under 75 years. It is therefore essential at an as soon as possible that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. Many freeholders or managing agents in Arkley charge for supplying management packs for a leasehold premises. You or your lawyers should discover the actual amount of the charges. The management pack sought on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most frequent reason for delay in leasehold conveyancing in Arkley.
We have reached the end of our tether in trying to purchase the freehold in Arkley. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We can put you in touch with a Arkley conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Arkley residence is Ground Floor Maisonette 17 Milton Road in January 2014. The Tribunal determined the premium payable by the Applicant to the should be £13,299 This case was in relation to 1 flat. The unexpired lease term was 71.73 years.
What type of conveyancing services do Arkley conveyancing firms manage?
Generally most Arkley conveyancing organisations will handle a number of legal advice to residential and rural land owners, sellers, purchasers, freeholders and tenants assistingwith some of the following:
Domestic sale conveyancing in Arkley or beyond
Residential purchase conveyancing in Arkley and countrywide
Preparation and advising on leases and tenancy agreements Acting for landlords and seeking possession against tenants, licensees or squatters in and outside of Arkley Bespoke or complex residential transactions including farms, estates, and company properties Plot sales whether they are freehold or leasehold