I am purchasing a right to buy a flat in Crawley Down. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Crawley Down you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Crawley Down.
Is it necessary to take out insurance to address the risk of chancel repairs when acquiring a house in Crawley Down?
Unless a prior acquisition of the house completed post 12 October 2013 you could expect conveyancing practitioners carrying out conveyancing in Crawley Down to continue to recommend a chancel search and or insurance against a claim.
My wife and I purchased a terraced Victorian house in Crawley Down. Conveyancing lawyer represented me and Clydesdale. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Crawley Down and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing solicitor who conducted the purchase.
Just had an offer accepted on a new build flat in Crawley Down. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Crawley Down
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Due to the advice of my in-laws I had a survey completed on a property in Crawley Down before appointing solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies tend refuse to issue a mortgage on such a home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Crawley Down. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Crawley Down to see if the conveyancing costs will increase in light of this.
I have just started marketing my basement apartment in Crawley Down. Conveyancing solicitors are to be appointed soon, but I have just had a yearly maintenance charge demand – what should I do?
It best that you pay the service charge as usual as all ground rent and service invoices will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Leasehold Conveyancing in Crawley Down - A selection of Questions you should consider before buying
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Is there a share of the freehold? What is the name of the managing agents? This information is useful as a) areas could result in problems in the building as the communal areas may begin to deteriorate where maintenance are not paid for b) if the leasehold owners have a dispute with the managing agents you will wish to have all the details