I require quick conveyancing in Mountsorrel as I am under an ultimatum to sign on the dotted line in less than one month. Fortunately I do not require a mortgage. Can I avoid the conveyancing searches to save fees and time?

If.Given you are are a cash purchaser you are at liberty not to have searches carried out although no law firm would recommend that you don't. Drawing on our experience of conveyancing in Mountsorrel the following are instances of what can show up and adversely impact the marketability of the property: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...

four months have elapsed following my purchase conveyancing in Mountsorrel took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Mountsorrel. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Mountsorrel

The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

I opted to have a survey done on a property in Mountsorrel prior to appointing lawyers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some mortgage companies may not give a loan on such a premises.

It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Mountsorrel. Conveyancing will be smoother if you use a solicitor in Mountsorrel especially if they are familiar with such properties in Mountsorrel.

If all goes to plan we aim to complete our sale of a £475,000 maisonette in Mountsorrel next week. The management company has quoted £324 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Mountsorrel?

For most leasehold sales in Mountsorrel conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

Answering pre-exchange enquiries Where consent is required before sale in Mountsorrel Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Mountsorrel leasehold premises is £350. For Mountsorrel conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are obliged to provide answers.

Leasehold Conveyancing in Mountsorrel - A selection of Queries Prior to buying

Is the freehold reversion owned jointly by the tenants? How much is the ground rent and service charge? Please note that where the lease has fewer than 80 years it will affect the value of the apartment. Check with your bank that they are content with residual term of the lease. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you would be required to have been the owner of the premises for 24 months in order to be legally able to exercise a lease extension.