The estate agent has sent us the confirmation of our purchase of a new build flat in Caister On Sea. Conveyancing is necessary evil 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 legal work.

Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Caister On Sea

Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Caister On Sea is the location of the property. Is there any advice you can impart?

Flying freeholds in Caister On Sea are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Caister On Sea you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Caister On Sea may ascertain 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.

My husband and I are FTB’s - agreed a price, yet the estate agent told us that the vendor will only move forward if we appoint the agent's chosen conveyancers as they need an ‘expedited deal’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Caister On Sea

We suspect that the seller is unaware of this ultimatum. If they desire ‘a quick sale', taking such a hostile approach to a genuine purchaser is not the way to achieve this. Avoid the agents and go straight to the owners and explain that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you are going to appoint your own,trusted Caister On Sea conveyancing lawyers - as opposed tothose that will give the negotiator at the agency a kickback or meet his conveyancing thresholds demanded by senior management.

I wish to let out my leasehold flat in Caister On Sea. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?

A lease dictates the relationship between the landlord and you the flat owner; specifically, it will set out if subletting is not allowed, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no expres ban or restriction, subletting is permitted. Most leases in Caister On Sea do not contain strict prohibition on subletting – such a clause would undoubtedly devalue the property. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.

I am the registered owner of a ground floor flat in Caister On Sea, conveyancing formalities finalised July 1995. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Caister On Sea with an extended lease are worth £196,000. The average or mid-range amount of ground rent is £45 levied per year. The lease ceases on 21st October 2088

With just 64 years left to run we estimate the premium for your lease extension to range between £15,200 and £17,600 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.

Please set examples of distinct advantages to selecting a local property lawyer in Caister On Sea

Home movers in Caister On Sea prefer a nearby high street conveyancing practitioner so that they can visit if they have concerns, and to execute paperwork without using the post.

There is a slight edge when using a conveyancing practitioner nearby to a premises you are buying, due to the knowledge of the area and possible local concerns - nevertheless this is debatable. Many conveyancers conduct their work online and may be practically anywhere.