Can you explain why leasehold purchase conveyancing in Sawtry is more expensive?

Sawtry leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

I moved into my home on 6 June and the transaction details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Sawtry said it will be recorded in less than a month. Are transfers in Sawtry uniquely lengthy to register?

There is nothing unique when it comes to conveyancing in Sawtry registration formalities. Rather than based on location, timeframes can differ depending on the party submitting the application, whether it is in order and whether the Land registry communicate with any interested parties. At present approximately 80% of submission are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Historically registration takes place once the purchaser has moved in to the premises therefore 'speed' is not always an essential issue but where there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.

About to purchase a new build flat in Sawtry. 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 conveyancing.

Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Sawtry

Please supply evidence that the form of Lease proposed has been approved by the Land Registry. 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. 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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan.

I opted to have a survey completed on a property in Sawtry ahead of appointing solicitors. I have been told that there is a flying freehold element to the house. Our surveyor advised that some banks may refuse to issue a mortgage on such a house.

It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Sawtry. Conveyancing will be smoother if you use a solicitor in Sawtry especially if they are acquainted with such properties in Sawtry.

What tools are available to search for a Sawtry law firm on the Norwich and Peterborough Building Society conveyancing panel? I have wheels and am prepared to travel upto 20kilometers to meet the conveyancer.

Feel free to make use of the search on this page. Please pick a lender and your location and you will see a number of Sawtry conveyancing lawyers located nearest you. We have detailed some Sawtry conveyancing firms towards the end of this page and you can telephone them to verify if they are on the Norwich and Peterborough Building Society panel