The estate agent has sent us the confirmation of our purchase of a new build flat in Battersea. Conveyancing is a frightening process 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 are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Battersea
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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. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide 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.
I decided to have a survey done on a house in Battersea in advance of retaining lawyers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some lenders tend refuse to give a mortgage on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Battersea. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Battersea to see if the conveyancing will be more expensive.
I'm refinancing my primary property to a BTL loan with Barclays and intend to use the remaining equity towards another property. The neighborhood we are interested in is Battersea. Will your conveyancers be able to act for both sets of lenders and link together the conveyances?
Do use our comparison tool on this site to ensure that the conveyancers are on the relevant lender panels. On the basis that they are your conveyancer will be able to connect the two deals but you should have a chat with you conveyancer and specify your expectations and needs.
I need to retain a conveyancing solicitor for freehold conveyancing in Battersea. I've stumble upon a site which looks to be the perfect offering If it is possible to get all this stuff completed via email that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We have been informed by numerous estate agents to expect six to eight weeks for Battersea conveyancing to complete.This was four weeks ago. The draft contract was only sent from the vendors conveyancer a couple of days ago so now does it countdown?
You need to be realistic about timelines. Property transactions in Battersea takes on average about two months. This timeframe is not because solicitor are slow and purposely delay matters. The amount of money involved in buying any property is so high, the buyer’s conveyancer having to carry out a whole range of enquiries, searches and other checks to protect the buyer and their mortgage company (if there is to be a mortgage) from expensive, avoidable problems. These checks involves seeking information from various different parties, including other conveyancer, local councils, private companies, mortgage companies. Some of these are well organised. Others aren't. It is worth noting that, no matter how quickly your lawyer do their work, if the people you are buying from or are selling to aren't ready, nothing can move forward until they are.