Is there a reason why leasehold purchase conveyancing in Ouston costs more?
The conveyancing charges for a leasehold premises in Ouston is often higher than on a freehold property. This is because there is an amount of additional work required in liaising with the freeholder and management company to collate the evidence concerning whether the rent and maintenance charges have been discharged and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the block.
I am looking to buy a flat and require a conveyancing solicitor in Ouston who is on the Clydesdale approved. Can you recommend a local 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 Clydesdale in certain locations such as Ouston. We dont recommend any particular firm.
Are there restrictive covenants that are commonly picked up during conveyancing in Ouston?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Ouston. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the advice of my in-laws I had a survey completed on a property in Ouston ahead of appointing lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some banks may not give a loan on this type of property.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Ouston. Conveyancing will be smoother if you use a solicitor in Ouston especially if they are familiar with such properties in Ouston.
My solicitors in Ouston have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with the lender. Is it case that being on the bank conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the bank directly.