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Recently asked questions about conveyancing in Bishopsworth

Having sold my house in Bishopsworth last February yet the purchaser is telephoning me complaining that her lawyer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?

Following your sale your conveyancer is duty bound to send the transfer deeds and all additional paperwork to the purchaser's conveyancer. Where appropriate, your solicitor must also confirm that the legal charge in favour of the lender has been paid off to the purchasers conveyancers. There is unlikely to be post completion requirements just for conveyancing in Bishopsworth.

Just had an offer accepted on a new build apartment in Bishopsworth. Conveyancing is daunting 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.

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

    Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

I decided to have a survey carried out on a house in Bishopsworth in advance of appointing conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some lenders may not issue a loan on a flying freehold house.

It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bishopsworth. Conveyancing will be smoother if you use a solicitor in Bishopsworth especially if they are familiar with such properties in Bishopsworth.

Can you provide any advice for leasehold conveyancing in Bishopsworth with the purpose of saving time on the sale process?

  • A significant proportion of the frustration in leasehold conveyancing in Bishopsworth can be reduced where you instruct lawyers the minute you market your property and ask them to collate the leasehold information needed by the purchasers’ lawyers.
  • In the event that you altered the property did you need the Landlord’s consent? In particular have you installed wooden flooring? Most leases in Bishopsworth state that internal structural alterations or installing wooden flooring require a licence from the Landlord approving such alterations. Where you fail to have the approvals in place you should not communicate with the landlord without checking with your solicitor in advance. Many landlords or Management Companies in Bishopsworth charge for supplying management packs for a leasehold premises. You or your lawyers should find out the fee that they propose to charge. The management information sought as soon as you have a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most usual reason for delay in leasehold conveyancing in Bishopsworth. Some Bishopsworth leases require Licence to Assign from the landlord. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers put in hand financial (bank) and professional references. The bank reference should make it clear that the buyer is able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors.

Bishopsworth Conveyancing for Leasehold Flats - Examples of Queries before buying

    The majority of Bishopsworth leasehold properties will have a service bill for the upkeep of the block invoiced by the freeholder. Where you buy the apartment you will have to pay this amount, normally periodically throughout the year. This may differ from a couple of hundred pounds to thousands of pounds for buildings with lifts and large common grounds. In all probability there will be a rentcharge for you to pay annual, this is usually not a large figure, say around £50-£100 but you need to enquire as on occasion it can be surprisingly expensive. What restrictions exist in the Bishopsworth Lease? Is anyone aware of any major works on the horizon that will increase the service costs?

There are plenty of houses in Bishopsworth on private lanes. My husband and I are buying such a property. What are the advantages and disadvantages of purchasing a residence on a privately owned road?

Bishopsworth conveyancing firms will be well versed in transacting homeson private. The lawyer will investigate Land Registry data to find any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that proprietors make annual payments for the upkeep of the road. If one exists, the road will likely be maintained and appear nicer than publicly owned.

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Find out more about how flying freehold can affect your the value of a property.