I have 71 years left on my lease and need a lease extension for my apartment in Balsall Common. Conveyancing solicitors on the Platform panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 20/6/2021 the requirements read as follows :
This question may be naive but I am new to the house moving as FTB of a ground floor flat in Balsall Common. Do I collect the keys to the property on completion from my solicitor? If this is the case, I will use a local conveyancing solicitor in Balsall Common?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the owner’s lawyers, and once they have received this, you should be able to pick up the keys from the Estate Agents and move into your new home. Usually this occurs early afternoon.
I am planning to move home in August. Will my conveyancing solicitor update the removal company on the completion day. As an aside, can you put forward a removal company in Balsall Common. Conveyancing firm was organised before I stumbled across your website.
On the afternoon of completion you will need to pick up the keys from the property agent but this can only be done when the sellers solicitors inform the agent that they acknowledge receipt of the completion payment and the keys can be collected. You can inform the removal company that you are ready to move in. As a matter of policy we do not recommend a specific removal organisation but can assist you in choosing a conveyancing in Balsall Common or a firm that specialises in conveyancing in Balsall Common.
Leeds Building Society have agreed my home loan in principle, my offer on a property in Balsall Common has been accepted, what happens next?
The estate agent will need to know who your solicitors are (make sure the lawyers are on the bank’s approved list). Contact Leeds Building Society or your financial adviser and finalise any relevant documentation. Leeds Building Society will sellect a valuer who will get in contact with the estate agent or seller to schedule an appointment. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Leeds Building Society will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Balsall Common.
Various online forums that I have come across warn that are a common reason for hinderance in Balsall Common conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays in the conveyancing process. Local searches are not likely to feature in any delay in conveyancing in Balsall Common.
Are there restrictive covenants that are commonly identified during conveyancing in Balsall Common?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Balsall Common. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Balsall Common differ for new build properties?
Most buyers of new build residence in Balsall Common contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Balsall Common typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Balsall Common or who has acted in the same development.