I am buying a new build apartment in Horncastle. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Horncastle
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I decided to have a survey done on a property in Horncastle prior to instructing conveyancers. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some banks may refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Horncastle. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Horncastle to see if the conveyancing will be more expensive.
I was pointed in your direction by two or three local estate agents in Horncastle to get a quote from a property lawyer on your site. Is there a financial advantage for Estate Agents to market your site rather than another?
We don’t give any referral fee for directing people to this site. We found it would be just too difficult a fee because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Is it best to go with a Horncastle conveyancing practitioner in close proximity to the house I am purchasing? An old friend can handle the conveyancing however her office is approximately 350kilometers away.
The benefit of a high street Horncastle conveyancing practice is that you can visit the firm to execute documents, present your ID and apply pressure on them if necessary. They will also have local insight which is a plus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and in the main were content that should outweigh using an unfamiliar Horncastle conveyancing lawyer solely due to them being based in the area.
I’m about to sell my 2 bed flat in Horncastle. Conveyancing lawyers have not yet been instructed, but I have recently had a half-yearly maintenance charge invoice – what should I do?
It best that you pay the service charge as normal because all ground rent and maintenance charges should be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless 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. Having a clear account will assist your cause and will leave you no worse off financially.
Horncastle Leasehold Conveyancing - Sample of Queries before buying
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Who is in charge of the building? You should be aware that where the lease has fewer than 80 years it will have adverse implications on the value of the apartment. Check with your lender that they are happy with remaining years on the lease. Leases with fewer than 80 years remaining means that you will almost definitely need a lease extension sooner rather than later and it is worth discovering what this would cost. For most Horncastlelease extensions you would need to own the premises for 24 months before you are entitled to extend the lease. Is the freehold owned jointly by the leaseholders?
My partner and I today discovered that one of the partners of the firm undertaking the purchase conveyancing in Horncastle is related to the vendor. Is this acceptable?
As long as no conflict arises this is permitted. Where you are requiring a home loan then the lender may have a say as many mortgage companies have specific instructions on this. For example for Bradford & Bingley as of 28/12/2025, the requirements read as follows :