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Recently asked questions about conveyancing in Knaphill

Would the conveyancing lawyers that you recommend execute attended exchange conveyancing in Knaphill?

There are a few conveyancing specialists carrying out attended exchanges. You should call us to receive a conveyancing quote and details as to availability.

Is there a reason why leasehold purchase conveyancing in Knaphill is more expensive?

Knaphill 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.

I completed on my house on 11 March and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in Knaphill said it would be recorded inside ten days. Are titles in Knaphill particularly slow to register?

There is nothing unique when it comes to conveyancing in Knaphill registration formalities. Rather than based on location, timeframes can vary according to who lodges the application, whether there are errors and if the Land registry have to notify any interested parties. As of today approximately 80% of submission are completed in less than three weeks but some can be subject to extensive hold-ups. Registration is effected once the purchaser is living at the premises thus 'speed' is not always an essential issue but where there is a degree of urgency associated with the registration then you or your solicitor could contact the land registry and explain the circumstances.

How does conveyancing in Knaphill differ for new build properties?

Most buyers of new build residence in Knaphill contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is constructed. This is because developers in Knaphill tend to purchase the land, 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 property lawyers 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 accustomed to new build conveyancing in Knaphill or who has acted in the same development.

Due to sign contracts shortly on a studio apartment in Knaphill. Conveyancing lawyers have said that they report fully on Monday. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Knaphill should include some of the following:

    What the implications are if you breach a clause of your lease? Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Does the lease prohibit wood flooring? The total ownership of the property. This may be the flat itself but might incorporate a attic or basement if relevant.
For details of the information to be included in your report on your leasehold property in Knaphill please ask your lawyer in ahead of your conveyancing in Knaphill.

Knaphill Conveyancing for Leasehold Flats - Examples of Queries before Purchasing

    The best form of lease arrangement is if the freehold title is owned by the leaseholders. In this situation the tenants have being in charge if their destiny and although a managing agent is usually retained if the building is larger than a house conversion, the managing agent is directed by the tenants. Its a good idea to discover as much as possible regarding the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day matters like the tidiness of the communal areas. Ask other tenants what they think of their service. In conclusion, find out the dates that the maintenance fees are due to the relevant party and precisely what you get for your money. Does the lease have more than 80 years remaining?

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