I am purchasing a property without a mortgage in Hazlemere. I have resided for the last dozen years in Hazlemere. Conveyancing searches are a lot of money. Given that I know the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then the vast majority of the Hazlemere conveyancing searches are non-obligatory. Your lawyer will try and sway you, perhaps strongly, that you should have searches carried out, but he is duty bound to do this. Do consider; if you are likely to sell the house one day, it will likely be be of importance to your future purchaser what the searches disclose. Sometimes premises with day to day issues can still throw up adverse search results. A good conveyancing solicitor in Hazlemere should be able to give you some helpful advice in this regard.
I own a 4 bedroom Edwardian property in Hazlemere. Conveyancing lawyer acted for me and Barclays Direct. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hazlemere and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing practitioner who carried out the work.
I am buying a new build apartment in Hazlemere. Conveyancing is necessary evil 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.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Hazlemere
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I opted to have a survey carried out on a house in Hazlemere ahead of retaining conveyancers. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some banks will not give a loan on this type of house.
It varies from the lender to lender. Santander has different instructions from Nationwide. Should you wish to telephone 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 Hazlemere. Conveyancing will be smoother if you use a solicitor in Hazlemere especially if they are accustomed to such properties in Hazlemere.
In searching the world wide web for the words conveyancing in Hazlemere it brings up many solicitorslocally. How do I determine which is the right property lawyer for purchase transaction?
The preferential method of choosing the right conveyancer is via trusted testimonial, so ask friends and relatives who have bought a property in Hazlemere or a local estate agent or mortgage broker. Charges for conveyancing in Hazlemere differ, so it's sensible to request at least three fee calculations from varying types of conveyancers. Dont forget to clarify that the fees are fixed.
What makes a Hazlemere lease defective?
Leasehold conveyancing in Hazlemere is not unique. Most leases are unique and legal mistakes in the legal wording can sometimes mean that certain sections are missing. For example, if your lease is missing any of the following, it could be defective:
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Service charge per centages that don't add up correctly leaving a shortfall A provision for the recovery of money spent for the benefit of another party.
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Skipton Building Society, and Nottingham Building Society all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, obliging the buyer to pull out.
Hazlemere Conveyancing for Leasehold Flats - A selection of Questions you should ask before Purchasing
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The majority of Hazlemere leasehold properties will be liable to pay a service bill for maintenance of the building set on behalf of the management company. Where you acquire the property you will have to pay this liability, usually periodically accross the year. This may be anything from a couple of hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a ground rent to be met yearly, this is usually not a exorbitant figure, say around £50-£100 but you should to enquire it because sometimes it can be surprisingly expensive. Who is in charge of the building? Its a good idea to find out as much as possible regarding the company managing the block as they will affect your use and enjoyment of the property. As the owner of a leasehold property you will be in the clutches of the managing agents from a financial perspective and when it comes to practical issues like the upkeep of the common parts. You should not be afraid to ask other people what they think of their service. Finally, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and specifically how they are spending the funds.