Our lawyer has uncovered a a legal deficiency with the lease for the apartment we are buying in West Malling. The other side have suggested title insurance as a solution. We are content with insurance and will cover the costs. Our property lawyer has advised that he must ensure that the lender is happy with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the bank are the client. These conveyancing instructions have to be complied with.
Just acquired a terraced house in West Malling , how long will it take for the Land Registry to register my proprietorship? My West Malling conveyancing solicitor works at snail pace, so I want to be sure the post completion formalities are addressed.
There is nothing unique about conveyancing in West Malling registration formalities. As opposed to being determined by geographic area, timescales can adjust according to who lodges the application, whether it is in order and whether the Land registry must send notices to any 3rd persons or bodies. At present approximately 80% of submission are fully dealt with in less than three weeks but some can be subject to protracted delays. Historically registration takes place after the buyer is living at the property so 'speed' is not typically top priority but if there is a degree of urgency associated with the registration then you or your conveyancer can communicate with the Registry to express the reasoning for an expedited registration.
The estate agent has sent us the confirmation of our purchase of a new build flat in West Malling. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in West Malling
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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. 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. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I am looking into buying my first house which is in West Malling and I am already nervous. I couldn't find anything specific about West Malling. Conveyancing will be needed in due course but do you know about the West Malling area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at West Malling. In the meantime here are some basic statistics that we found
I am tempted by the attractive purchase price for a two flats in West Malling which have about 50 years left on the leases. Do I need to be concerned?
There are plenty of short leases in West Malling. The lease is a right to use the property for a period of time. As the lease shortens the value of the lease deteriorates and results in it becoming more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you seek professional help from a solicitor and surveyor with experience in this arena.
West Malling Leasehold Conveyancing - Sample of Queries Prior to Purchasing
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Who takes charge for maintaining and repairing the building? Is anyone aware of any major works in the planning that could increase the service fees?
What are the differing property related services that West Malling conveyancing practices handle?
On the whole West Malling conveyancing companies will conduct various services to home and land proprietors, sellers, buyers, freeholders and tenants including the following:
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Standard residential sale conveyancing in West Malling and across the country
Private residential purchase conveyancing in West Malling and further afield
Complex land law issues Shariah Compliant Islamic Conveyancing Overage Agreements and conditional Contracts Leasehold conveyancing selling and buying