Are the Battlesbridge conveyancing solicitors identified as being on the Nationwide conveyancing panel, together with their details provided by Nationwide?
Battlesbridge conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
I moved into my home on 14 August and the transaction details is not yet registered. Need I be worried? My conveyancing solicitor in Battlesbridge expressed confidence that it should be registered in a couple of weeks. Are titles in Battlesbridge uniquely lengthy to register?
As far as conveyancing in Battlesbridge registration is no faster or slower than the rest of England and Wales. Rather than based on location, timescales can vary according to the party submitting the application, whether there are errors and whether the Land registry have to notify any 3rd persons or bodies. Currently approximately 80% of such applications are completed within 12 days but occasionally there can be protracted delays. Registration occurs after the buyer is living at the premises therefore registration formalities is not usually an essential issue yet if there is a degree of urgency associated with the registration then you or your solicitor can contact the land registry and explain the circumstances.
How does conveyancing in Battlesbridge differ for newly converted properties?
Most buyers of new build residence in Battlesbridge come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is built. This is because builders in Battlesbridge typically purchase the real estate, 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 accustomed to new build conveyancing in Battlesbridge or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Battlesbridge is the location of the property. Can you offer any assistance?
Flying freeholds in Battlesbridge are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Battlesbridge you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Battlesbridge may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
In relation to leasehold conveyancing in Battlesbridge what are the most common lease problems?
Leasehold conveyancing in Battlesbridge is not unique. Most leases are unique and legal mistakes in the legal wording can result in certain provisions are missing. The following missing provisions could result in a defective lease:
A provision for the recovery of money spent for the benefit of another party. Maintenance charge proportions which don’t add up to the correct percentage
You could have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Bank of Scotland, and Godiva Mortgages Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, obliging the buyer to withdraw.
Battlesbridge Leasehold Conveyancing - Examples of Questions you should ask Prior to buying
Can you tell me if there are any major works on the horizon that will likely add a premium to the maintenance fees? How much is the ground rent and service charge? It is important to be aware if changing the roof or some other major work is coming up to be shared between the leaseholders and will materially impact the level of the maintenance fees or necessitate a one off payment.