I just bought a property at auction in Marston Moretaine. Conveyancing is required. What is next?

Now that you have to in every practical sense signed on the dotted line you will need to find a conveyancing solicitor quickly as you are facing a tight deadline in which to complete the purchase. Every auction property will ordinarily have a corresponding legal set of papers. This should include most,if not all of the paperwork that your lawyer will need. If you have purchased leasehold property the legal papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You must hand this to the conveyancer instructed by you at the earliest opportunity. Do make sure that your finances are in place to complete the transaction on the set completion date.

Is there a list of Santander panel conveyancers in Marston Moretaine on the Building Society Association’s Website?

Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings viewable online. Where you are looking for a Marston Moretaine conveyancing practitioner on the Santander please use our tool.

I have instructed a Marston Moretaine conveyancing practitioner having checked that they are on the Principality conveyancing panel. Does my lawyer arrange the survey of the property?

Principality will need an independent valuation of the property. Your lawyer will not arrange this. Usually Principality will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Marston Moretaine postcode. As you are getting a mortgage with Principality, you could contact them to see if they have a list of approved surveyors in Marston Moretaine.

I have been told that property searches are the main reason for delay in Marston Moretaine house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Marston Moretaine.

I am buying a new build flat in Marston Moretaine. Conveyancing is a frightening process 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 conveyancing.

Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Marston Moretaine

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. 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. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.

I was pointed in your direction by a number of selling agents in Marston Moretaine to find a property lawyer on your site. Is there a financial upside for Estate Agents to recommend your services rather than another?

We don’t give any financial incentive for directing people to this site. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.

I have just appointed agents to market my basement apartment in Marston Moretaine. Conveyancing is yet to be initiated, however I have just had a half-yearly service charge invoice – what should I do?

Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as you normally would because all rents and service invoices will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

Leasehold Conveyancing in Marston Moretaine - Sample of Questions you should ask Prior to Purchasing

On the whole the cost for major works are not included within service charges, although a few managing agents in Marston Moretaine require leaseholders to pay into a sinking fund and this is used to offset against larger repairs or maintenance. Is anyone aware of any major works in the planning that will increase the maintenance charges?