My brother-in-law has suggested I instruct a conveyancing solicitor in Wilford. I I would like to check if they are accepted on the Barclays conveyancing panel. Can you advise?
The first thing to do is call your solicitor and enquire if they are on the lender panel. Alternatively you should get in touch with Barclays who may be able to confirm.
About to purchase a new build flat in Wilford. Conveyancing is a frightening process 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 enquiries that you should expect your new-build leasehold conveyancing in Wilford
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. 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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Due to the input of my in-laws I had a survey completed on a house in Wilford before retaining conveyancers. I have been told that there is a flying freehold element to the property. The surveyor has said that some banks tend refuse to grant a mortgage on such a house.
It varies from the lender to lender. Lloyds has different requirements from Halifax. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wilford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wilford to see if the conveyancing costs will increase in light of this.
We're novice buyers - had an offer accepted, but the estate agent informed us that the vendor will only issue a contract if we appoint their preferred lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local solicitor who is familiar with conveyancing in Wilford
We suspect that the owner is not behind this requirement. If they want ‘a quick sale', turning down a serious buyer is counter productive. Bypass the agents and go straight to the owners and make the point that (a)you are serious purchasers (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you will continue to instruct your preferred Wilford conveyancing solicitors - not the ones that will provide the estate agent a introducer fee or achieve conveyancing thresholds demanded by corporate headquarters.
Do you have any advice for leasehold conveyancing in Wilford with the intention of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Wilford can be reduced if you instruct lawyers as soon as you market your property and request that they start to put together the leasehold information needed by the buyers’ solicitors. Some Wilford leases require Licence to Assign from the landlord. If this is the case, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. The bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their lawyers. If you are supposed to have a share in the freehold, you should make sure that you have the original share certificate. Arranging a re-issued share certificate is often a time consuming process and frustrates many a Wilford home move. If a new share certificate is needed, do contact the company director and secretary or managing agents (if applicable) for this sooner rather than later. You believe that you know the number of years left on your lease but it would be wise to double-check via your conveyancers. A buyer’s lawyer will not be happy to advise their client to to exchange contracts if the remaining number of years is under 80 years. In the circumstances it is important at an early stage that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale.
Leasehold Conveyancing in Wilford - Sample of Questions you should consider Prior to buying
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Most Wilford leasehold properties will incur a service bill for maintenance of the block levied by the freeholder. If you purchase the flat you will have to meet this charge, usually periodically accross the year. This can differ from a few hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. In all likelihood there will be a ground rent to be met yearly, normally this is not a large amount, say about £50-£100 but you should to check it because occasionally it could be many hundreds of pounds. Are any of leasehold owners in arrears of their service charge liability? It would be prudent to find out if there is anything that is prohibited in the lease. For example plenty of leases prohibit pets being allowed in certain buildings in Wilford. If you love the apartmentin Wilford yet your dog is not allowed to move with you then you will be faced hard determination.
Is planning consent needed to convert a single dwelling into multiple appartments in Wilford? This has occurred to a house opposite to a friend in Wilford and was unaware of it happening until it was done.
Planning Permission yes. Building Reg Approval yes.