I have given 2 months notice to my current landlord and must be out of my let out flat in Kingsnorth by 23/4/2021. Conveyancing on my purchase is progressing. Is it possible to complete in 5 weeks as I wish to avoid having to move into short term accommodation?
It is unwise to provide notice on a rental unless exchange of contracts has taken place. Assuming that you have not previously done so, speak to your solicitor and request that they cajole the sellers lawyers, try to a target completion date that everyone will look towards
A friend advised me that if I am buying in Kingsnorth I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes quoted for as part of the standard Kingsnorth conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about Kingsnorth around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Kingsnorth Education with plans and statistics, Local Amenities and other useful information regarding Kingsnorth.
Are there restrictive covenants that are commonly identified as part of conveyancing in Kingsnorth?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Kingsnorth. 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…’
Just had an offer accepted on a new build flat in Kingsnorth. Conveyancing is a frightening process 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 conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Kingsnorth
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. 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.
Due to the input of my in-laws I had a survey completed on a property in Kingsnorth before appointing lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some banks will refuse to issue a mortgage on such a home.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kingsnorth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kingsnorth to see if the conveyancing will be more expensive.
We expect to complete the sale of our £325,000 apartment in Kingsnorth in seven days. The landlords agents has quoted £312 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Kingsnorth?
Kingsnorth conveyancing on leasehold flats usually necessitates the buyer’s conveyancer sending enquiries for the landlord to address. Although the landlord is under no legal obligation to answer these enquiries the majority will be willing to assist. They may levy a reasonable administration fee for answering enquiries or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some transactions it exceeds £800. The management information fee demanded by the landlord must be sent together with a summary of entitlements and obligations in relation to administration fees, otherwise the invoice is technically not due. In reality you have no choice but to pay whatever is demanded should you wish to exchange contracts with the buyer.
Kingsnorth Conveyancing for Leasehold Flats - Sample of Questions you should consider before buying
You will want to find out as much as possible about the managing agents as they will either make life much easier or problematic. As the proprietor of a leasehold property you will be in the clutches of the managing agents from a financial perspective and when it comes to day to day matters such as the tidiness of the common parts. Ask prospective neighbours what they think of their service. In conclusion, find out the dates that you are obliged pay the service charge to the relevant party and specifically what it includes. Is the freehold reversion owned collectively by the leaseholders? The answer will be helpful as a) areas could result in problems in the block as the communal areas may start to deteriorate if services are not paid for b) if the leasehold owners have an issue with the managing agents you will need to have all the details