My property lawyer in Wenvoe has never been on on the Barclays Conveyancing Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are excluded from the Barclays panel?
Your options are as follows:
- Complete the purchase with your existing Wenvoe solicitors but Barclays will need to retain a lawyer on their list of acceptable firms. This will inevitably rack up the total conveyancing charges and result in delays.
- Find an alternative lawyer to to deal with the purchase, obviously checking they are Barclays approved.
- Try to convince your Barclays solicitor to attempt to join the Barclays panel
The deeds to our property are lost. The lawyers who handled the conveyancing in Wenvoe 10 years ago have long since closed. What are my next steps?
As long as the title is registered the details of your ownership will be documented by the Land Registry under a Title Number. It is easy to carry out a search at the Land Registry, locate your property and obtain current copies of the property title for a small fee. If the property is Leasehold then the Land Registry will in most cases hold a file copy of the Registered Lease and again, a copy can be retrieved for £20 inclusive of VAT.
About to purchase a new build apartment in Wenvoe. 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 few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Wenvoe
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Please supply a car parking plan. 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? Please confirm the Lease plans are surveyor prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
Due to the input of my in-laws I had a survey completed on a house in Wenvoe before instructing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some banks may not give a loan on this type of house.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wenvoe. Conveyancing will be smoother if you use a solicitor in Wenvoe especially if they regularly deal with such properties in Wenvoe.
Due to sign contracts shortly on a garden flat in Wenvoe. Conveyancing solicitors inform me that they report fully tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Wenvoe should include some of the following:
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Does the lease prohibit wood flooring? Who has the liability to repair and maintain the building. It is important for you to know which party is liable for the repair and maintenance of all parts of the block and communal areas Whether the lease restricts you from subletting the property, or working from home Your lawyers should enable you to have an understanding of the insurance requirements How long the lease is. You should be advised as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years
Leasehold Conveyancing in Wenvoe - Examples of Queries before buying
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Who is in charge of the building? Is there a share of the freehold? Generally speaking the cost for major works are not wrapped into the maintenance charges, although there some managing agents in Wenvoe ask leaseholders to pay into a reserve fund and this is used to offset against major works.
I pay a maintenance fee for my appartment in Wenvoe. Due to losing my job and personal issues I fell behind with remittance. I negotiated a settlement plan but there is still a couple of outstanding at the current time.
I am under pressure to sell and I am nervous that this can threaten to derail the sale if I have to settle the amount due now. I'd like to sell up and then pay them back with the completion monies - is this practicable?
It would be wise to speak with the lawyer dealing with your Wenvoe conveyancing but one option may be to agree for the arrears to be passed to the buyers. The contractual price they pay would be reduced to reflect the amount of debt they take on. They would then deal with the fees post completion of the sale.