Just had an offer accepted on a new build apartment in Taunton. 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.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Taunton
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Please confirm the Lease plans are architect prepared.
I decided to have a survey done on a house in Taunton prior to instructing lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some lenders may not grant a loan on such a property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you contact us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Taunton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Taunton to see if the conveyancing will be more expensive.
I am looking into buying my first house which is in Taunton and I am already nervous. I couldn't find anything specific about Taunton. Conveyancing will be needed in due course but do you know about the Taunton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Taunton. In the meantime here are some basic statistics that we found
My partner has recommend that I use his lawyers for conveyancing in Taunton. Should I use them?
There are no two ways about it it’s preferable to find a conveyancing practitioner is to seek recommendations from friends or family who have actually used the firm you're are thinking of instructing.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £175,000 apartment in Taunton next week. The managing agents has quoted £336 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge such fees for a leasehold conveyance in Taunton?
Taunton conveyancing on leasehold maisonettes usually necessitates the purchaser’s solicitor sending questions for the landlord to answer. Although the landlord is under no legal obligation to respond to such questions the majority will be willing to assist. They may invoice a reasonable administration fee for responding to questions or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is over three hundred pounds, in some transactions it exceeds £800. The management information fee levied by the landlord must be sent together with a summary of entitlements and obligations in respect of administration fees, otherwise the invoice is not strictly payable. In reality you have little choice but to pay whatever is requested of you should you wish to exchange contracts with the buyer.
I invested in buying a 1 bedroom flat in Taunton, conveyancing was carried out 5 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Taunton with over 90 years remaining are worth £197,000. The ground rent is £55 charged once a year. The lease ceases on 21st October 2082
With only 56 years remaining on your lease the likely cost is going to be between £29,500 and £34,000 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.
How easy is it to change a solicitor as I need to find a Taunton based firm who is on the lender conveyancing panel. Is it advisable to appoint a new law firm?
In the event that you have not formally instructed a conveyancer to do anything for you 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 Taunton that you're considering.