We are looking to buy a flat and require a conveyancing solicitor in Hanslope who is on the Leeds Building Society conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Hanslope.
My lawyer in Hanslope has never been on on the Barnsley Building Society Approved Panel. Can I still continue with my prefered solicitor notwithstanding that they are excluded from the Barnsley Building Society list of approved lawyers?
The limited options available to you here include:
- Complete the purchase with your preferred Hanslope solicitors but Barnsley Building Society will need to retain a conveyancer on their list of acceptable firms. This will inevitably rack up the overall legal fees as well as cause delays.
- Get a new solicitor to act in the conveyancing, obviously checking they are Convince your solicitor to do everything within their powers to join the Barnsley Building Society conveyancing panel
I know that there are debates on Chancel Insurance on online forums. Do I need this when buying a residence in Hanslope? or I am told that there is a law dating back centuries that could mean that owners of property residing in a parish church boundary may be liable to contribute towards maintenance to the chancel in proximity to the church. Is this relevant for conveyancing in Hanslope?
Unless a previous acquisition of the property took place after 12 October 2013 you could expect lawyers carrying out conveyancing in Hanslope to continue to recommend a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Hanslope?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Hanslope. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been on the look out for a ground for flat up to £195,000 and identified one near me in Hanslope I like with open areas and station in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in Hanslope suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I am employed by a reputable estate agent office in Hanslope where we have witnessed a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have received conflicting advice from local Hanslope conveyancing firms. Can you shed some light as to whether the vendor of a flat can initiate the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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 purchaser.
Hanslope Leasehold Conveyancing - Examples of Queries before buying
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Who takes responsibility for maintaining and repairing the building? How much is the service charge and ground rent on the property? The best form of lease arrangement is where the freehold interest is in the ownership of the leaseholders. In this situation the leaseholders enjoy being in charge if their destiny and although a managing agent is often retained if it is larger than a house conversion, the managing agent is directed by the tenants.