I require conveyancing for an apartment in a fairly new development (seven years old) in Bordon. 95% of the flats are already sold. Is it really necessary to order neighbourhood searches for my conveyancing in Bordon?
A big part of the Bordon conveyancing process is the conveyancing searches. There are a large number of companies conducting Bordon conveyancing searches, as well straight from the local authority. These are known collectively as personal search organisation due to them carrying out, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authority.
How up to date is your search tool for Bordon conveyancing solicitors on the Virgin Money conveyancing panel? Do Virgin Money send you an updated list?
Bordon conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
About to purchase a new build flat in Bordon. 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 legal work.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Bordon
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan.
What is different about your site and other online quote calculators when it comes to conveyancing in Bordon?
At this site obtain a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Bordon. Unlike many estate agents and many comparison sites we are not in the business of charging firms a fee if you instruct them for your property ownership legalities in Bordon
Can you provide any advice for leasehold conveyancing in Bordon with the aim of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Bordon can be bypassed where you instruct lawyers the minute your agents start marketing the property and ask them to put together the leasehold documentation needed by the purchasers’ representatives. If you have carried out any alterations to the property would they have required Landlord’s approval? In particular have you laid down wooden flooring? Most leases in Bordon state that internal structural alterations or laying down wooden flooring require a licence from the Landlord consenting to such works. If you fail to have the paperwork to hand you should not communicate with the landlord without contacting your lawyer in advance. If you have had any disputes with your freeholder or managing agents it is very important that these are resolved prior to the flat being marketed. The purchasers and their solicitors will be nervous about purchasing a flat where there is an ongoing dispute. You may have to bite the bullet and pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the buyers, but it is better to reveal the dispute as historic rather than ongoing. You believe that you know the number of years left on your lease but it would be advisable double-check via your lawyers. A purchaser's conveyancer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the lease term is less than 80 years. In the circumstances it is essential at an as soon as possible that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. If you have the benefit of shareholding in the freehold, you should make sure that you are holding the original share document. Obtaining a new share certificate is often a lengthy formality and slows down many a Bordon conveyancing deal. If a new share certificate is required, do contact the company director and secretary or managing agents (where relevant) for this as soon as possible.
I inherited a leasehold flat in Bordon, conveyancing formalities finalised in 1995. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Bordon with a long lease are worth £190,000. The ground rent is £65 charged once a year. The lease ends on 21st October 2087
With 61 years unexpired the likely cost is going to be between £19,000 and £22,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.
A conveyancing company acted on my conveyancing in Bordon half a dozen years past and was holding my title documents but has now closed – What steps do I now take to get hold of them?
Deeds, as such, no longer exist as the majority of properties in Bordon are registered electronically at Land Registry. If you need to show evidence of proprietorship or are disposing of or re-mortgaging your lawyer will need to obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned with reasonable haste.