The property market in Farnham Common is hotting up. What can be done to speed up the conveyancing process?
In the event that the seller is applying pressure for your conveyancing we would recommend that your conveyancer is familiar with the area as they will have local connections and know-how. It is possible that they could have transacted previousproperties in the same road. Therefore consider using a Farnham Common conveyancing solicitor. In addition, make sure that the lawyer is on the on the approved list for your mortgage company. It is estimated that just under twenty per cent of Farnham Common conveyancing deals are delayed or derailed after finding out that a purchaser’s conveyancer was not on their banks list of approved solicitors. This can often result in the home move being frustrated by almost three weeks. It is estimated that this issue impacts in the region of 100,000 home moves every year. Many Farnham Common conveyancing practices can not represent certain banks so do check at the outset.
I have justfound out that Action Conveyancing have closed. They conducted my conveyancing in Farnham Common for a purchase of a leasehold apartment 12 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The easiest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Farnham Common conveyancing specialists.
About to purchase a new build apartment in Farnham Common. Conveyancing is daunting 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 is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Farnham Common
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants.
Is it possible to switch conveyancer as I have to choose one who is on the Clydesdale conveyancing panel. I had appointed a family conveyancing solicitor in Farnham Common round the corner but she is not accepted by Clydesdale
We will our best to assist in finding you a conveyancing solicitor in Farnham Common on the Clydesdale panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Farnham Common. In making use of the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Farnham Common.
I work for a busy estate agency in Farnham Common where we have witnessed a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have been given inconsistent advice from local Farnham Common conveyancing solicitors. Could you confirm whether the seller of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Farnham Common Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to Purchasing
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How is the lease structured? It would be prudent to find out as much as you can about the company managing the building as they can either make your life much easier or much more difficult. Being a leasehold owner you are frequently at the mercy of the managing agents both financially and when it comes to day to day issues such as the tidiness of the common parts. Enquire of other tenants if they are happy with their management. Finally, be sure you understand the dates that the maintenance fees are due to the managing agents and precisely what you get for your money. It would be wise to investigate if the the lease includes any adverse restrictions in the lease. For instance it is fairly common in Farnham Common leases that pets are not allowed in in a block in Farnham Common. If you love the flatin Farnham Common yet your cat can’t live with you then you have a very hard decision.
How does one as executor remove a deceased person's name from the title deeds for a property in Farnham Common?
Where a Farnham Common property is co-owned and one of the proprietors passes away, their name will not automatically be removed from the title deeds. It is not necessary to amend the title as when it comes to a sale you would simply be asked to supply proof why the joint owner is missing from the transfer, such as a grant of probate.
With a view to making the sale conveyancing smoother for the sale of the property you may arrange to have the deceased party removed from the title entries by submitting an application to the land registry with evidence of the death. There is no fee from the Registry for this service.