I note that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when purchasing a property in Blandford Forum? or I am told that there is a law dating back centuries that means some owners of property living in a parish church boundary may be liable to pay for repairs to the chancel in proximity to the church. Is this relevant for conveyancing in Blandford Forum?
Unless a previous purchase of the premises completed after 12 October 2013 you may assume that solicitors delivering conveyancing in Blandford Forum to remain recommending a chancel search and or insurance against a claim.
How does conveyancing in Blandford Forum differ for new build properties?
Most buyers of new build residence in Blandford Forum come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is built. This is because new home sellers in Blandford Forum typically buy 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 conveyancers 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 Blandford Forum or who has acted in the same development.
I am looking for a leasehold apartment up to £235,500 and found one round the corner in Blandford Forum I like with a park and station in the vicinity, however it's only got 51 remaining years left on the lease. There is not much else in Blandford Forum for this price, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage that many years will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I am employed by a reputable estate agency in Blandford Forum where we see a few leasehold sales put at risk as a result of leases having less than 80 years remaining. I have received contradictory information from local Blandford Forum conveyancing firms. Can you shed some light as to whether the owner of a flat can instigate the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Blandford Forum Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
Is anyone aware of any major works on the horizon that will likely increase the service charges? For many Blandford Forum leaseholds the cost for major works are not included within maintenance charges, although some managing agents in Blandford Forum obliged leaseholders to pay into a reserve fund and this is used to offset against major repairs or maintenance.
How do I identify cost effective conveyancing in Blandford Forum?
First ask your friends and family who they used in the past and if they were happy with the service. Option 2 is to use a search tool on the internet for conveyancing in Blandford Forum. Telephone a couple or more firms from the list and ask them to send you their conveyancing quote and discuss your needs with the solicitor who will conduct your conveyancing before you make your decision. Option 3 is to make use of this site to help you find the right lawyers taking into account your unique factors including location,speed, complexity and who your intended mortgage company is.Avoid the trap of appointing £99 conveyancing solicitors in Blandford Forum