I moved into my flat on 9 May and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in Bozeat expressed confidence that it should be formalised in less than a month. Are properties in Bozeat particularly slow to register?

There is nothing unique when it comes to conveyancing in Bozeat registration formalities. Rather than based on location, timescales can vary depending on the party submitting the application, whether there are errors and if the Land registry must send notices to any third parties. Currently roughly 80% of such applications are completed within 12 days but some can be subject to longer hold-ups. Historically registration takes place after the purchaser has moved in to the property therefore an expedited registration is not usually an essential issue yet where there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.

How does conveyancing in Bozeat differ for newly converted properties?

Most buyers of new build premises in Bozeat approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is constructed. This is because builders in Bozeat tend to buy the site, 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 conveyancing solicitors 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 Bozeat or who has acted in the same development.

We're novice buyers - had an offer accepted, but the property agent has warned us that the vendor will only issue a contract if we use the agent's chosen conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a family solicitor accustomed to conveyancing in Bozeat

It is improbable the vendors are driving this. Should the vendor require ‘a quick sale', alienating a motivated purchaser is counter productive. Try to communicate with the vendors directly and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you wish to move quickly (e)but you will continue to appoint your preferred Bozeat conveyancing lawyers - as opposed tothose that will earn the estate agent a introducer fee or achieve conveyancing thresholds pre-set by corporate headquarters.

Last September I purchased a leasehold property in Bozeat. Am I liable to pay service charges relating to a period prior to completion of my purchase?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Leasehold Conveyancing in Bozeat - Sample of Queries before Purchasing

In the main the outlay for major works are not built into the maintenance charges, albeit that there some managing agents in Bozeat obliged tenants to contribute towards a sinking fund created for the specific intention of building a fund for larger works. Does the lease have onerous restrictions? The best form of lease structure is where the freehold title is in the ownership of the leaseholders. In this arrangement the tenants benefit from being in charge if their destiny and although a managing agent is often employed where the building is larger than a house conversion, the managing agent is directed by the tenants.

I have just started marketing my garden flat in Bozeat.Conveyancing lawyers have not yet been instructed but I have recently received a yearly maintenance charge demand – Do I pay up?

The sensible thing to do is pay the maintenance contribution as you normally would as all ground rent and maintenance payments should be apportionedas part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process