I have recentlydiscovered that Wolstenholmes have closed. They carried out my conveyancing in Maulden for a purchase of a leasehold flat 9 months ago. How can I check that the property is not still registered in the name of the former proprietor?
The quickest way to see if the property is in your name, you can carry out 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 Maulden conveyancing specialists.
How does conveyancing in Maulden differ for new build properties?
Most buyers of new build residence in Maulden approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Maulden typically buy the site, 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 property lawyers 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 Maulden or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Maulden prior to retaining conveyancers. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies will not issue a loan on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. Should you wish to telephone us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Maulden. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Maulden to see if the conveyancing costs will increase in light of this.
I am looking to sell my home. My former lawyers closed down. I am in need of a recommendation of a conveyancing firm. Im based in Maulden if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Maulden. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I am employed by a busy estate agency in Maulden where we have experienced a number of leasehold sales jeopardised as a result of short leases. I have been given contradictory information from local Maulden conveyancing firms. Please can you confirm whether the owner of a flat can start the lease extension formalities for the purchaser on completion of the sale?
As long as 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. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
An alternative approach is 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 buyer.
Maulden Leasehold Conveyancing - Examples of Queries before Purchasing
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The best form of lease arrangement is if the freehold reversion is in the ownership of the leaseholders. In this situation the lessees have control and although a managing agent is usually employed where the building is larger than a house conversion, the managing agent retained by the leaseholders. How many years remain on the lease? Does the lease include onerous restrictions?
How easy is it to change a solicitor as I need to find a Maulden based conveyancer who is on the bank conveyancing panel. How simple is it to change conveyancer?
If you haven't yet appointed a conveyancer to commence the conveyancing and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Maulden that you're thinking of instructing.