I am buying a new build flat in Farnham Common. 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 legal work.

Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Farnham Common

Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

Due to the encouragement of my in-laws I had a survey completed on a property in Farnham Common in advance of appointing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some lenders will refuse to grant a loan on a flying freehold property.

It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to telephone us we can investigate further 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 Farnham Common. Conveyancing may be slightly more expensive based on your lender's requirements.

I'm refinancing my current home to a BTL mortgage with Yorkshire Building Society and intend to use the remaining equity as a deposit on a second house. The location we are talking about is Farnham Common. Will your lawyers be able to act for the two banks and tie in the two deals?

Do use our search tool on this page to be sure that the conveyancers are on the relevant lender panels. Having checked that they are your solicitor will be able to simultaneously deal with the two deals but you should have a chat with you solicitor and specify your expectations and needs.

I want to rent out my leasehold apartment in Farnham Common. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?

A lease governs relations between the landlord and you the leaseholder; in particular, it will set out if subletting is not allowed, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is permitted. Most leases in Farnham Common do not prevent subletting altogether – such a provision would adversely affect the market value the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly sending a duplicate of the tenancy agreement.

Farnham Common Leasehold Conveyancing - Sample of Questions you should consider before buying

Its a good idea to find out as much as you can regarding the company managing the building as they will either make your life much easier or problematic. As the proprietor of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to every day matters like the cleanliness of the common parts. Ask prospective neighbours whether they are happy with them. On a final note, be sure you understand the dates that the service charges are due to the managing agents and precisely how they are spending the funds. This information is useful as a) areas could cause problems for the block as the common areas may begin to deteriorate where repairs remain unpaid b) if the tenants have a dispute with the managing agents you will want to have all the details It would be prudent to enquire if there are any onerous restrictions in the lease. For example it is very common in Farnham Common leases that pets are not permitted in certain buildings in Farnham Common. If you love the flatin Farnham Common however your dog can’t move with you then you have a very difficult determination.

My partner and I have had DIP from The Mortgage Works who suggested that they will lend up to £350k. At what point do we need to instruct a solicitor for conveyancing? Farnham Common is where we plan to move to.

You can appoint a property lawyer now so that the conveyancing practitioner can open the ledger so they can do their AML checks etc. Once you wish them to commence work they will seek a deposit normally approximately £175. That would generally be once you have the loan offer from the lender and valuation back, nevertheless should you want to speed matters you can get going quicker albeit risking some money.