Various internet forums that I have visited warn that are the number one cause of stalling in Dronfield conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays during the legal transfer of property. Searches are unlikely to feature in any holding up conveyancing in Dronfield.
I bought my flat on 8 March and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in Dronfield expressed confidence that it will be registered in a couple of weeks. Are titles in Dronfield particularly slow to register?
There is nothing unique about conveyancing in Dronfield registration formalities. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether it is in order and whether the Land registry must send notices to any third parties. Currently in the region of three quarters of such applications are fully dealt with in less than three weeks but some can be subject to extensive hold-ups. Historically registration occurs after the new owner is living at the premises therefore 'speed' is not typically top priority yet where there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
I opted to have a survey done on a property in Dronfield before retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some lenders will not give a loan on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you contact us we can investigate further via 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 Dronfield. Conveyancing will be smoother if you use a solicitor in Dronfield especially if they are accustomed to such properties in Dronfield.
I am looking into buying my first house which is in Dronfield and I am already nervous. I couldn't find anything specific about Dronfield. Conveyancing will be needed in due course but do you know about the Dronfield area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Dronfield. In the meantime here are some basic statistics that we found
Am I better off to instruct a Dronfield conveyancing practitioner who is local to the property I am buying? We have a good friend who can deal with the legal work but his firm is located approximately 350kilometers away.
The primary upside of using a high street Dronfield conveyancing firm is that you can attend the office to execute paperwork, present your identification documents and pester them where appropriate. Having local Dronfield know how is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and the majority were impressed that must outweigh using an unfamiliar Dronfield conveyancing solicitor solely due to them being Dronfield based.
I work for a busy estate agency in Dronfield where we have experienced a few leasehold sales jeopardised as a result of short leases. I have been given conflicting advice from local Dronfield conveyancing firms. Could you shed some light as to whether the owner of a flat can commence the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Dronfield Leasehold Conveyancing - Sample of Questions you should consider Prior to buying
Where a Dronfield lease has no more than 80 years it will affect the marketability of the property. Check with your mortgage company that they are happy with the length of the lease. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of how much this would cost. Remember, in most cases you would be required to have owned the property for a couple of years before you are legally able to extend the lease. Does the lease contain onerous restrictions? Please tell me if there are any major works on the horizon that could increase the service costs?