My fiance and I are looking to purchase a flat in Midhurst and have appointed a Midhurst conveyancing practice. Within the last couple of days our property lawyer has sent a preliminary report and documents to look through with a view to exchanging next week. Leeds Building Society have this morning contacted us to inform me that there is now an issue as our Midhurst lawyer is not on their conveyancing panel. What do we do from here?
When purchasing a property with mortgage finance it is normal for the purchasers' lawyers to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Midhurst lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
Do commercial conveyancing searches reveal planned roadworks that may impact a commercial estate in Midhurst?
Many commercial conveyancing solicitors in Midhurst will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Midhurst. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Midhurst.
For every commercial conveyancing transaction in Midhurst it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Midhurst commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Midhurst.
I have recentlybecome aware that Stirling Law have closed. They carried out my conveyancing in Midhurst for a purchase of a freehold house 9 months ago. How can I check that the property is in my name in the name of the former proprietor?
The easiest way to check 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 Midhurst conveyancing specialists.
In what way does the Landlord & Tenant Act 1954 impact my business offices in Midhurst and how can your lawyers assist?
The particular law that you refer to provides security of tenure to business lessees, giving them the dueness to make a request to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and handle your commercial conveyancing in Midhurst
I have just started marketing my basement flat in Midhurst. Conveyancing lawyers have not yet been instructed, but I have recently had a half-yearly maintenance charge demand – what should I do?
It best that you pay the maintenance contribution as you normally would as all ground rent and service invoices will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until 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.
Midhurst Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing
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It would be prudent to find out if there are any onerous restrictions in the lease. For example it is fairly common in Midhurst leases that pets are not allowed in certain buildings in Midhurst. If you like the apartmentin Midhurst however your dog can’t move with you then you will be faced hard determination. Plenty Midhurst leasehold properties will be liable to pay a service charge for the upkeep of the building invoiced on behalf of the management company. Should you acquire the property you will have to pay this charge, normally in instalments accross the year. This could vary from two or three hundred pounds to thousands of pounds for blocks with lifts and large common areas. In all probability there will be a rentcharge to be met yearly, ordinarily this is not a significant sum, say approximately £50-£100 but you need to enquire as on occasion it could be surprisingly expensive.
I’m about to sell my garden flat in Midhurst.Conveyancing solicitors are to be appointed soon but I have just received a yearly maintenance charge demand – should I leave it to the buyer to sort out?
It best that you pay the service charge as you normally would as all rents and maintenance invoices should be apportionedon completion, so you should recover the relevant percentage by the buyer 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