I need some quick conveyancing in Meliden as I am faced with a deadline to sign on the dotted line within 2 weeks. A home loan is not required. Is it possible to escape the need for conveyancing searches to save money and time?

If.Given you are are a cash buyer you have the choice not to do searches although no law firm would suggest that you don't. With plenty of history conveyancing in Meliden the following are examples of issues that can crop up and therefore impact future saleability: Enforcement Notices, Overdue Fees, Overdue Grants, Unadopted Roads,...

I have justfound out that Arc property Solicitors have been shut down. They conducted my conveyancing in Meliden for a purchase of a freehold house 12 months ago. How can I establish that the property is in my name in the name of the former proprietor?

The quickest way to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Meliden conveyancing specialists.

How does conveyancing in Meliden differ for new build properties?

Most buyers of new build residence in Meliden approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is finished. This is because new home sellers in Meliden tend to buy 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 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 Meliden or who has acted in the same development.

I opted to have a survey carried out on a property in Meliden ahead of retaining solicitors. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some banks may not give a loan on such a premises.

It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Meliden. Conveyancing may be slightly more expensive based on your lender's requirements.

I've recently bought a leasehold property in Meliden. Do I have any liability for service charges for periods before completion of my purchase?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Meliden Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing

The prefered form of lease structure is if the freehold title is owned by the leaseholders. In this arrangement the lessees benefit from being in charge if their destiny and even though a managing agent is often retained if it is larger than a house conversion, the managing agent acts for the leaseholders themselves. You should be aware if it is no more than eighty years it will affect the value of the property. It is worth checking with your bank that they are happy with the length of the lease. A short lease means that you will probably need a lease extension sooner rather than later and it is worth finding out how much this will be. For most Melidenlease extensions you will be be obliged to have owned the residence for a couple of years before you are eligible to extend the lease. What restrictions exist in the Meliden Lease?