The lawyer who helped my former purchase has quoted £1350 for leasehold conveyancing in Markyate. I’m selling a Victorian house for £225,000. Is this overpriced? Is it in excess of what I should be paying for conveyancing in Markyate?

The costs illustration is fractionally on the expensive side. If you shop around you could reduce the fees slightly by perhaps a hundred pounds. That being said, you mightcome to rue choosing an a cheaper lawyer. If is important to be sure that the solicitor can also act for your lender. You can utilise our search tool to choose a Markyate conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Markyate.

I am looking to buy a house and require a conveyancing solicitor in Markyate who is on the Leeds Building Society conveyancing. Could you point me in the right direction as regards a conveyancing firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Leeds Building Society in certain locations such as Markyate. We dont recommend any particular firm.

Should our solicitor be raising enquiries about flooding as part of the conveyancing in Markyate.

Flooding is a growing risk for conveyancers conducting conveyancing in Markyate. There are those who buy a property in Markyate, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.

Conveyancers are not best placed to impart advice on flood risk, but there are a number of checks that can be initiated by the purchaser or by their solicitors which can give them a better understanding of the risks in Markyate. The standard information sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the vendor to discover if the property has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the vendor, then a purchaser could bring a compensation claim as a result of such an incorrect answer. The buyer’s solicitors should also order an enviro report. This should reveal if there is any known flood risk. If so, additional inquiries should be conducted.

Just had an offer accepted on a new build apartment in Markyate. Conveyancing is daunting 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.

Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Markyate

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. Please confirm the Lease plans are surveyor prepared. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?

I own a leasehold flat in Markyate. Conveyancing and Santander mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Markyate who previously acted has long since retired. Do I pay?

First make enquiries of HMLR to make sure that this person is indeed the new freeholder. There is no need to instruct a Markyate conveyancing practitioner to do this as you can do this on the Land Registry website for £3. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Markyate Leasehold Conveyancing - Sample of Questions you should ask before Purchasing

It would be wise to discover as much as you can about the company managing the block as they can either make life much simpler or much more difficult. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to every day matters like the cleanliness of the communal areas. Enquire of other people if they are happy with their management. On a final note, investigate as to the dates that you are obliged pay the service charge to the relevant party and precisely how they are spending that money. Make sure you find out if there are any onerous restrictions in the lease. For example plenty of leases prohibit pets being allowed in in a block in Markyate. If you love the apartmentin Markyate however your cat can’t move with you then you will be presented with a hard determination. Most Markyate leasehold properties will have a service charge for maintenance of the building set by the landlord. If you buy the property you will have to meet this charge, normally periodically during the year. This can be anything from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge to be met annual, this is usually not a significant figure, say approximately £50-£100 but you need to check as on occasion it can be surprisingly expensive.