Why is leasehold purchase conveyancing in Herefordshire is more expensive?

The conveyancing charges for a leasehold property in Herefordshire is often more expensive when contrasted to a freehold property. This is due to the additional work necessary in dealing with the landlord and management company to obtain information concerning whether the rent and maintenance fee have been discharged and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the block.

I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Herefordshire. My lender is Bank of Ireland

Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 23/7/2024, the requirements read as follows :

My wife and I purchasing a end of terrace house in Herefordshire. Our aim is to carry out a loft conversion at the house.Will legal investigations on the property include checks to see if these alterations are allowed?

Your property lawyer should check the deeds as conveyancing in Herefordshire will occasionally identify restrictions in the title deeds which restrict certain works or necessitated the permission of another owner. Some additions call for local authority planning consent and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these issues with a surveyor ahead of any purchase.

How can we know in advance if a Herefordshire conveyancing solicitor on the TSB panel is any good?

When it comes to conveyancing in Herefordshire seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer carrying out your conveyancing.

We were going to get a DIP from Coventry BS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Coventry BS recommend any Herefordshire solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?

You will need to appoint Herefordshire solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.

three months have gone by following my purchase conveyancing in Herefordshire completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Herefordshire. 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 conveyancing.

Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Herefordshire

Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. 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.