Can you explain why leasehold purchase conveyancing in Addlestone is more expensive?
Addlestone 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 need some expedited conveyancing in Addlestone as I have an ultimatum to sign on the dotted line within 2 weeks. Fortunately I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not taking a mortgage you are at free not to have searches carried out although no conveyancer would suggest that you don't. With plenty of history conveyancing in Addlestone the following are instances of issues that can crop up and adversely affect future saleability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Road Schemes,...
My wife and I purchased a semi-detached Georgian house in Addlestone. Conveyancing solicitor acted for me and Britannia. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the matching address. Is it worth asking Britannia to clarify?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Addlestone and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing lawyer who conducted the conveyancing.
Due to the input of my in-laws I had a survey completed on a property in Addlestone prior to appointing solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies tend refuse to issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Addlestone. Conveyancing will be smoother if you use a solicitor in Addlestone especially if they regularly deal with such properties in Addlestone.
I am 3 weeks into a leasehold purchase having been directed to a firm by the local agent to execute conveyancing in Addlestone. I am am starting to be disappointed with the quality of service. Could you help me find new conveyancers?
They would have to be very bad to suggest replacing them. Has the loan offer been sent? If so you need to inform them of the new solicitor and ensure the offer are issued to the new lawyers. Your solicitor ideally needs to be on the mortgage company approved list to avoid escalating costs and complications. That should be your first question of the new lawyers. Our search tool can help you find a bank approved lawyer for your conveyancing in Addlestone