Will my conveyancing lawyers need to check that the building insurance when buying a house in Dursley. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 20/2/2024, the requirements read as follows :
Have completed on a a semi-detached house in Dursley , how long should it take for the Land Registry to record the transfer to my name? My Dursley conveyancing solicitor has been painfully slow, so I want to be sure the land registry aspects are concluded.
As far as conveyancing in Dursley is concerned, registration is no faster or slower than the rest of the country. Rather than based on location, timeframes can vary subject to the party submitting the application, whether it is in order and if the Land registry communicate with any interested parties. At present roughly 80% of such applications are fully dealt with within two weeks but some can be subject to protracted delays. Registration occurs once the purchaser has moved in to the premises thus post completion formalities is not always top priority yet where it is urgent that the the registration takes place urgently then you or your solicitor must communicate with the Registry to express the reasoning for the application to be prioritised.
The estate agent has sent us the confirmation of our purchase of a new build flat in Dursley. Conveyancing is a frightening process 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 selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Dursley
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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.
In my capacity as executor for the will of my grandfather I am disposing of a house in Cardiff but live in Dursley. My lawyer (approximately 300 miles from merequires that I sign a statutory declaration ahead of completion. Can you recommend a conveyancing practitioner in Dursley who can attest this legal document for me?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Dursley based
I am tempted by the attractive purchase price for a couple of maisonettes in Dursley which have approximately fifty years unexpired on the lease term. should I be concerned?
A lease is a right to use the premises for a prescribed time frame. As the lease gets shorter the saleability of the lease decreases and results in it becoming more expensive to extend the lease. This is why it is advisable to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this area.
Dursley Conveyancing for Leasehold Flats - Sample of Questions you should consider before Purchasing
Make sure you investigate if there are any onerous restrictions in the lease. For example it is fairly common in Dursley leases that pets are not permitted in in a block in Dursley. If you like the apartmentin Dursley however your cat can’t move with you then you will be faced hard compromise. The answer will be useful as a) areas may result in problems for the block as the common areas may start to deteriorate if maintenance remain unpaid b) if the leaseholders have an issue with the managing agents you will need to have all the details What prohibitions exist in the Dursley Lease?