Would the conveyancing practitioners that you recommend perform right to buy conveyancing in Hatton Park?
We work with numerous conveyancing practitioners carrying out right to buy conveyancing matters You should get in touch with the conveyancers listed with a view to obtain a conveyancing quote.
Do lawyers ask for money up-front when it comes to conveyancing in Hatton Park?
Where you are retaining lawyers for conveyancing in Hatton Park your lawyer will request that you put them with funds to cover the search fees. Generally this is requested to cover the fees of the Local Authority Search. If any deposit is payable against the purchase price then this will be required immediately prior to exchange of contracts. Any further balance that is needed will be payable shortly before completion.
Are there restrictive covenants that are commonly identified during conveyancing in Hatton Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Hatton Park. 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…’
How does conveyancing in Hatton Park differ for newly converted properties?
Most buyers of new build premises in Hatton Park approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in Hatton Park typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Hatton Park or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Hatton Park prior to appointing solicitors. I have been told that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend not issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hatton Park. Conveyancing may be slightly more expensive based on your lender's requirements.
I am employed by a long established estate agent office in Hatton Park where we see a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have received conflicting advice from local Hatton Park conveyancing firms. Can you shed some light as to whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as 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.
Leasehold Conveyancing in Hatton Park - Sample of Questions you should ask Prior to Purchasing
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What is the name of the managing agents? What is the the remaining lease term? How much is the maintenance charge and ground rent on the apartment?