Why do I have to pay up front for my conveyancing in Much Hadham?
If you are buying a property in Much Hadham your solicitor will ask you put them with funds to cover the the cost of the conveyancing searches. Normally this is asked for to cover the fees of the conveyancing searches. If any down payment is payable against the purchase price then this should be needed immediately in advance of exchange of contracts. The final balance that is needed will be payable a few days ahead of the completion date.
Are there restrictive covenants that are commonly identified as part of conveyancing in Much Hadham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Much Hadham. 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…’
About to purchase a new build apartment in Much Hadham. Conveyancing is necessary evil 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.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Much Hadham
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Much Hadham is where the house is located. What do you suggest?
Flying freeholds in Much Hadham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Much Hadham you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Much Hadham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I have been recommended by a number of property agents in Much Hadham to select a conveyancer on your site. What’s the financial inducement for Estate Agents to offer your services ahead of a competitor’s?
We refuse to give any financial incentive for sending work to this site. We found it would be just too difficult to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
Should I stop my mortgage payments with Bank of Ireland as soon as a completion date for my home sale in Much Hadham has been agreed?
No, you should continue meeting any mortgage payments to Bank of Ireland until the mortgage is redeemed from the proceeds of sale as part of your Much Hadham conveyancing.