I need some fast conveyancing in Ketton as I am under pressure to sign on the dotted line within 2 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?

If.Given you are are a mortgage free purchaser you have the choice not to do searches although no conveyancer would recommend that you don't. With lots of history conveyancing in Ketton the following are instances of what can be revealed and adversely affect future mortgageability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Unadopted Roads,...

How does conveyancing in Ketton differ for new build properties?

Most buyers of new build premises in Ketton come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Ketton usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Ketton or who has acted in the same development.

Over the last few months I have been searching for a flat up to £245,000 and identified one near me in Ketton I like with amenity areas and railway links nearby, the downside is that it only has 52 years unexpired on the lease. There is not much else in Ketton suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you require a mortgage the shortness of the lease will be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.

I am employed by a reputable estate agent office in Ketton where we see a few leasehold sales derailed as a result of short leases. I have been given contradictory information from local Ketton conveyancing solicitors. Could you clarify whether the owner of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Ketton Leasehold Conveyancing - Sample of Queries before Purchasing

Is the freehold owned collectively by the tenants? It would be prudent to discover as much as you can about the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to day to day issues such as the tidiness of the common parts. Ask other tenants if they are happy with them. Finally, find out the dates that the maintenance fees are due to the managing agents and specifically what you get for your money. Generally speaking the cost for major works are not included within service charges, albeit that there some managing agents in Ketton ask leaseholders to contribute towards a reserve fund created for the specific purpose of building a fund for major works.

We are soon to acquiring a home in Ketton. Could our conveyancing practitioner keep the amount we are are buying for a secret from sites such as Zoopla. How can this be done?

HM Land Registry are legally obliged to disclose price sold data on a register of the title for domestic properties countrywide which includes properties in Ketton. The Title Register is a public document, so HMLR would be breaching their statutory duty if they did not grant access to the register.

In essence you can make a request of HMLR to withhold the price paid entry yet the answer would be in the negative.