I have just been advised by my mortgage adviser that my Leyland lawyer is not on the bank Conveyancing panel. What can I do to be certain if this is indeed the case?
The first thing you need to do is to call your Leyland lawyer directly. You lawyer should inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
We're in Leyland, First timers buying with a mortgage (lender is Principality , and our lawyer is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Just acquired a semi-detached house in Leyland , how long should it take for the Land Registry to deal with the formalities evidencing my proprietorship? My Leyland conveyancing solicitor has been painfully slow, so I want to be sure the post completion formalities are addressed.
As far as conveyancing in Leyland is concerned, registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can adjust depending on the party submitting the application, whether it is in order and whether the Land registry communicate with any 3rd persons or bodies. As of today in the region of 80% of submission are completed within 12 days but some can be subject to longer hold-ups. Historically registration takes place once the buyer has moved in to the premises therefore an expedited registration is not typically primary concern but where there is a degree of urgency associated with the registration then you or your lawyers should contact the land registry and explain the circumstances.
I am buying a new build flat in Leyland. 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 legal work.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Leyland
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There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. 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?
Over the last few months I have been searching for a flat up to £195,000 and found one round the corner in Leyland I like with amenity areas and railway links nearby, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Leyland in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage that many years will be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
Can you offer any advice when it comes to appointing a Leyland conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Leyland conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with several firms including non Leyland conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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What volume of lease extensions have they carried out in Leyland in the last year? If they are not ALEP accredited then what is the reason?
Leyland Leasehold Conveyancing - Examples of Queries before buying
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How many of the leaseholders are in arrears for their maintenance charge payments? What prohibitions exist in the Leyland Lease?