I am buying a new build apartment in Pontprennau. 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 selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Pontprennau
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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. Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Pontprennau is the location of the property. Can you shed any light on this issue?
Flying freeholds in Pontprennau are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Pontprennau you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Pontprennau may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Am I better off to go with a Pontprennau conveyancing lawyer based in the vicinity that I am buying? We have a good friend who can deal with the conveyancing however they are based 400miles away.
The primary upside of using a local Pontprennau conveyancing firm is that you can visit the firm to execute documents, hand in your identification documents and apply pressure on them if necessary. They will also have local intelligence which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and on the whole were happy that should outweigh using an unknown Pontprennau conveyancing lawyer just because they are round the corner.
What advice can you give us when it comes to finding a Pontprennau conveyancing practice to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Pontprennau conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with several firms including non Pontprennau conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be of use:
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What volume of lease extensions have they conducted in Pontprennau in the last twenty four months? What are the charges for lease extension work?
Pontprennau Leasehold Conveyancing - Examples of Questions you should consider before buying
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What prohibitions are contained in the Pontprennau Lease? What is the annual service fee and ground rent?
What can I do to determine who is the owner of a property in Pontprennau?
As long as the property is recorded at HM Land Registry, and you have requisite details of the address of the property, you will be able to obtain details from the HMLR of the registered owner for a a minimal charge.