The property market in Freshford is hotting up. What can be done to accelerate the legal process?

Where the seller is applying a tight deadline to exchange we would recommend that your lawyer is familiar with the area as they will make use of local contacts and knowledge. It is even conceivable that they would have transacted previousproperties in the same neighbourhood. You would be best advised to use a Freshford conveyancing firm. In addition, make sure that the lawyer is on the on the approved list for your mortgage company. It is claimed that nearly one in five of Freshford conveyancing transactions are delayed or derailed after finding out that a purchaser’s solicitor was not on their mortgage lender’s list of approved solicitors. This can often result in the legal transfer of property being held up by an average of 21 days. It is said that this issue impacts in the region of 100,000 home moves annually. Many Freshford conveyancing practices can not act for certain lenders so do check as early as possible.

I require expedited conveyancing in Freshford as I have an ultimatum to sign on the dotted line inside one month. Thankfully I do not require a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?

As you are are a cash purchaser you have the choice not to do searches although no law firm would recommend that you don't. Drawing on years of experience of conveyancing in Freshford the following are examples of issues that can crop up and adversely impact future mortgageability: Enforcement Actions, Outstanding Fees, Outstanding Grants, Unadopted Roads,...

Over the last few months I have been searching for a flat up to £235,500 and identified one close by in Freshford I like with amenity areas and transport links in the vicinity, however it only has 49 years unexpired on the lease. I can't really find anything else in Freshford suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?

If you need a home loan that many years will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.

I'm converting the mortgage on my existing house to a BTL loan with Barclays Direct and I will use the rest of the raised equity as a down payment on further house. The location we are talking about is Freshford. Will your solicitors be able to act for both sets of banks and link together the two deals?

Make use of our search tool on this page to ensure that the solicitors are on the relevant lender panels. Assuming that they are the conveyancer should be able to simultaneously deal with the two transactions but you should have a chat with you lawyer and communicate your expectations and needs.

I have just appointed agents to market my basement flat in Freshford. Conveyancing solicitors are to be appointed soon, but I have recently had a yearly maintenance charge demand – Do I pay up?

It best that you pay the maintenance contribution as usual as all ground rent and maintenance charges should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment 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. This will smooth the conveyancing process.

Freshford Leasehold Conveyancing - Examples of Questions you should consider before buying

On the whole the outlay for major works are not included within service charges, albeit that there some managing agents in Freshford ask leasehold owners to pay into a sinking fund created for the specific intention of establishing a fund for major works. What restrictions are contained in the Freshford Lease?