Just had an offer accepted on a new build flat in Hollywood. 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 are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Hollywood
-
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. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Hollywood is where the house is located. Is there any advice you can give?
Flying freeholds in Hollywood are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hollywood you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hollywood may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How easy is it to transfer to a new solicitor as I need to appoint one who is on the Lloyds TSB Bank conveyancing list. I had appointed a local conveyancing solicitor in Hollywood five minutes from me but the firm is not accepted by Lloyds TSB Bank
It would be our pleasure to assist you select a conveyancing solicitor in Hollywood on the Lloyds TSB Bank panel. Please note that the solicitors that we on the directory do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Hollywood. In utilising the find a conveyancing solicitor tool on this page, you can scrutinise costs for conveyancing solicitors in Hollywood and throughout England and Wales.
I need to retain a conveyancing solicitor for sale conveyancing in Hollywood. I've land on a site which looks to be the ideal solution If there is a chance to get all this stuff done via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I’m about to sell my ground floor flat in Hollywood. Conveyancing is yet to be initiated, but I have just received a quarterly service charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as you normally would given that all ground rent and service invoices should be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I invested in buying a ground floor flat in Hollywood, conveyancing was carried out in 2010. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Hollywood with a long lease are worth £190,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease expires on 21st October 2086
With only 61 years left to run we estimate the price of your lease extension to span between £19,000 and £22,000 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.
I have been recommended a conveyancing solicitor in Hollywood. I need to find out if they are on the bank's approved list of lawyers. Could you or the bank confirm if they are on the panel?
It’s a good idea phone the lawyer to enquire if they are on the bank's panel. If that does not help call us and we can make some checks for you. Should the firm not be on the conveyancing panel we can certainly arrange a specialist conveyancing solicitor in Hollywood on the approved list for your mortgage company.