I am under pressure from the owner of a property in Mortimer to complete within four weeks. What can I do to hasten the legal process?

Where you are under time constraints to sign contracts we would recommend that your solicitor is familiar with the area as they will benefit local contacts and intelligence. It is possible that they would have transacted previousproperties in the same street. You would be best advised to use a Mortimer conveyancing solicitor. Second, double check that the conveyancing firm is on the member panel. It is believed that just under twenty per cent of Mortimer conveyancing deals are held up or jeopardised after finding out that a purchaser’s solicitor was not on their mortgage lender’s panel. In many cases this discovery resulted in the transaction being held up by an average of three weeks. It is claimed that this issue impacts in the region of one hundred thousand home sales every year. Almost all Mortimer conveyancing firms can not act for certain lenders so do check as early as possible.

I am buying a new build flat in Mortimer. Conveyancing is necessary evil 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 is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Mortimer

Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision.

I am looking for a ground for flat up to £235,500 and found one close by in Mortimer I like with a park and transport links nearby, however it only has 49 remaining years left on the lease. There is not much else in Mortimer in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

Should you need a home loan the shortness of the lease will be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.

How do I use the search tool to get a fee calculation from a conveyancing lawyer in Mortimer on the panel for my mortgage?

First choose a lender such as Nationwide Building Society, Coventry Building Society or Aldermore then choose your preferred area for instance Mortimer. Conveyancing firms in Mortimer and across England and Wales will then be listed.

Can you provide any advice for leasehold conveyancing in Mortimer from the perspective of expediting the sale process?

• Much of the delay in leasehold conveyancing in Mortimer can be reduced where you get in touch lawyers the minute your agents start advertising the property and ask them to put together the leasehold information which will be required by the purchasers’ lawyers.
You may think that you are aware of the number of years remaining on your lease but it would be wise to double-check by asking your solicitors. A buyer’s lawyer will not be happy to advise their client to where the lease term is less than 80 years. It is therefore essential at an as soon as possible that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If you have had conflict with your freeholder or managing agents it is essential that these are settled before the property is marketed. The buyers and their solicitors will be concerned about purchasing a property where there is a current dispute. You may need to swallow your pride and discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is clearly preferable to present the dispute as historic rather than unresolved. If you have the benefit of shareholding in the freehold, you should ensure that you have the original share certificate. Organising a replacement share certificate can be a lengthy formality and slows down many a Mortimer home move. If a new share certificate is necessary, do contact the company director and secretary or managing agents (if applicable) for this sooner rather than later. The majority of freeholders or Management Companies in Mortimer charge for supplying management packs for a leasehold property. You or your lawyers should discover the actual amount of the charges. The management information sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Mortimer.

Leasehold Conveyancing in Mortimer - Sample of Queries Prior to Purchasing

Best to be warned if changing the roof or some other major work is coming up to be shared amongst the tenants and will materially impact the level of the service charges or result in a specific payment. Is the freehold owned collectively by the leaseholders? Be sure to enquire if there are any onerous restrictions in the lease. For example some leases prohibit pets being permitted in in a block in Mortimer. If you like the propertyin Mortimer but your dog can’t move with you then you will be faced hard compromise.