Are there restrictive covenants that are commonly identified as part of conveyancing in Burntwood?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Burntwood. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the advice of my in-laws I had a survey completed on a house in Burntwood in advance of retaining solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some banks may refuse to issue a mortgage on a flying freehold property.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Burntwood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Burntwood to see if the conveyancing costs will increase in light of this.
Are there any apps to help locate a Burntwood solicitor on the Aldermore conveyancing panel? I drive a motor bike and am happy to travel upto 25miles to meet the lawyer.
Feel free to make use of the facility on this website. Please pick a lender and your location and you will see a number of Burntwood conveyancing lawyers locally. We have detailed some Burntwood conveyancing firms at the bottom of this page and you can ring them to check whether they are on the Aldermore approved list
Are there common deficiencies that you encounter in leases for Burntwood properties?
There is nothing unique about leasehold conveyancing in Burntwood. Most leases are individual and drafting errors can result in certain provisions are missing. The following missing provisions could result in a defective lease:
A provision to repair to or maintain parts of the premises
You may encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, Bank of Scotland, and Nottingham Building Society all have very detailed conveyancing instructions 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, forcing the purchaser to pull out.
Burntwood Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing
The prefered form of lease structure is where the freehold title is in the ownership of the leaseholders. In this situation the lessees benefit from control and notwithstanding that a managing agent is often employed if it is bigger than a house conversion, the managing agent retained by the leaseholders. Are there any major works in the planning that will likely increase the service charges? Who manages the building?
At long last our conveyancing in Burntwood completes this Friday, but the couple I am purchasing off wants to vacate on the Saturday afternoon. Should I agree to such a plan?
You can't complete on a Saturday because the bank systems aren't working.