Is there a reason why leasehold purchase conveyancing in Frenchay Common costs more?
Frenchay Common leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
We are close to exchanging contracts on the sale of our house in Frenchay Common and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A high street Frenchay Common lawyer would know this is not the case. It does beg the question why the purchasers instructed a national conveyancing firm as opposed to a conveyancing solicitor in Frenchay Common. Having lived in Frenchay Common for six years we know of no issue. Should we get in touch with our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
Due to the advice of my in-laws I had a survey completed on a house in Frenchay Common in advance of appointing lawyers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some banks tend refuse to issue a mortgage on such a home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Frenchay Common. Conveyancing may be slightly more expensive based on your lender's requirements.
We're new to the buying process - agreed a price, yet the estate agent has warned us that the owners will only issue a contract if we appoint the agent's preferred solicitors as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street solicitor who is familiar with conveyancing in Frenchay Common
It is improbable the sellers are driving this. If they want ‘a quick sale', taking such a hostile approach to a genuine purchaser is is going to put the whole deal at risk. Speak to the vendors direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you will continue to use your preferred Frenchay Common conveyancing firm - rather thanthose that will provide the estate agent a commission or hit his conveyancing thresholds demanded by corporate headquarters.
The solicitors carrying out our conveyancing in Frenchay Common has forwarded papers to review that indicate that the land is unregistered with epitome documents. Why is the property not registred at HMLR?
Much of the property in Frenchay Common is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Frenchay Common conveyancing practitioners should be able to handle this type of conveyancing but if any uncertainty prevails the usual advice presently seems to be for the current owners to deal with the registration formalities first and then deal with the sale conveyance - this undoubtedly result in a significant delay.