Just had an offer accepted on a new build apartment in Ely. 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.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Ely
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. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan.
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We are four weeks into a residential purchase having been recommend to conveyancers by the estate agent to carry out the conveyancing in Ely. I am am extremely disappointed with the quality of service. Could you help me find new conveyancers?
A lawyer would need to be very bad to suggest diss instructing them. Has your mortgage offer been generated? If so you need to advise them of the new contact details and have the offer are re-sent. Your new conveyancer should be on the banks approved list to avoid added fees and frustration. So that should be your first question of the new lawyers. Our find a solicitor tool can assist you in finding a lender approved lawyer for your conveyancing in Ely
I am on look out for some leasehold conveyancing in Ely. Before I get started I would like to find out the unexpired term of the lease.
Assuming the lease is registered - and almost all are in Ely - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Ely - Sample of Queries Prior to buying
On the whole the cost for major works tend not to be built into the service charges, although there some managing agents in Ely ask leasehold owners to pay into a sinking fund and this is used to offset against major works. Is anyone aware of any major works anticipated that could add a premium to the service charges?
We are in the throes of selling our flat in Ely. Conveyancing is fine but we have been asked to pay an extortionate amount by the landlord. So far we have forked out £225 for a leasehold management information and then another £200 plus VAT for answers to queries raised by the buyers lawyer.
Your property lawyer will unlikely have any control over the level of the bill for this information but the average fee for the information for Ely leasehold property is £395. When it comes to Ely conveyancing deals it is customary for the seller to cover the charges. The freeholder or their agents are not duty bound to answer these questions most will agree to do so - albeit often at exorbitant prices out of proportion to the work involved. Unfortunately there is no legislation that mandates fixed charges for administrative tasks. Nor is there any statutory time limit by which they are required to issue the information.