We're in Battlesbridge, First timers buying with a mortgage (lender is UBS , and our lawyer is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer 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.
I bought my apartment on 8 January and my personal details is not yet registered. Need I be worried? My conveyancing solicitor in Battlesbridge said it should be concluded inside ten days. Are titles in Battlesbridge uniquely lengthy to register?
There is nothing unique about conveyancing in Battlesbridge registration formalities. As opposed to being determined by geographic area, timeframes can vary according to who lodges the application, whether there are errors and whether the Land registry need to notify any other parties. At present roughly three quarters of submission are completed within two weeks but some can be subject to longer hold-ups. Registration takes place after the new owner has moved in to the property so registration formalities is not typically an essential issue yet where it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
I am buying a new build flat in Battlesbridge. 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.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Battlesbridge
-
There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. 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.
I opted to have a survey done on a property in Battlesbridge before instructing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some lenders will refuse to give a mortgage on this type of house.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further via 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 Battlesbridge. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Battlesbridge cover?
Battlesbridge conveyancing for business premises covers a broad range of services, given by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
My wife and I purchased a leasehold house in Battlesbridge. Conveyancing and Nottingham Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1991. The conveyancing solicitor in Battlesbridge who previously acted has long since retired. Do I pay?
First make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is in fact the new freeholder. It is not necessary to incur the fees of a Battlesbridge conveyancing lawyer to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Leasehold Conveyancing in Battlesbridge - Examples of Queries before Purchasing
-
Best to be warned whether fixing the lift or some other major work is anticipated that will be shared by the leaseholders and could well dramatically impact the level of the maintenance fees or necessitate a specific payment. Please note if it is fewer than 80 years it will impact the marketability of the apartment. It is worth checking with your bank that they are content with remaining years on the lease. A short lease means that you will probably have to extend the lease at some point and it is worth discovering how much this will be. Remember, in most cases you would be be obliged to have owned the property for 24 months in order to be entitled to carry out a lease extension. The majority of Battlesbridge leasehold flats will be liable to pay a service charge for maintenance of the building invoiced on behalf of the management company. If you buy the flat you will have to pay this contribution, normally quarterly accross the year. This can vary from two or three hundred pounds to thousands of pounds for blocks with lifts and large common areas. In all probability there will be a ground rent to be met yearly, ordinarily this is not a large figure, say approximately £50-£100 but you should to check it because on occasion it could be prohibitively expensive.