About to purchase a new build apartment in Dorset. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Dorset
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 a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I decided to have a survey done on a property in Dorset prior to retaining lawyers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some mortgage companies may refuse to issue a loan on a flying freehold property.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Dorset. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Dorset to see if the conveyancing will be more expensive.
What does commercial conveyancing in Dorset cover?
Commercial conveyancing in Dorset incorporates a broad array of advice, offered by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I need to find a conveyancing solicitor for my conveyancing in Dorset. I have land on a web site which looks to be the perfect solution If it is possible to get all the legals completed via web that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My wife and I are disposing of a Dorset apartment we inherited some years ago in 2009. I have over a decades worth of conveyancing experience and, now retired, wish to conduct my own legal work. The purchaser's lawyer has informed me that their bank will not allow you to do your own conveyancing as they require the funds to be transferred to a solicitor's bank account.
Lending instructions to solicitors from all CML members specify that If the vendor does not have legal representation the borrower's lawyers should check whether the mortgage company needs to be told so that a decision can be reached as to whether they are prepared to move forward.