Why do I have to pay up front when it comes to conveyancing in Redland?
If you are buying a property in Redland your solicitor will ask you place them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. If any deposit is as part of the purchase price then this will be required shortly in advance of exchange of contracts. The closing balance that is due should be sent to your lawyer a couple of days ahead of the day of completion.
I have a 4 bedroom Georgian property in Redland. Conveyancing solicitor represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Redland and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing lawyer who conducted the conveyancing.
Just had an offer accepted on a new build flat in Redland. Conveyancing is daunting 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 questions that you may expect your new-build leasehold conveyancing in Redland
Forfeiture - bankruptcy or liquidation must not apply under this provision. 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. There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are architect prepared.
I decided to have a survey completed on a house in Redland before retaining lawyers. I have been informed that there is a flying freehold element to the house. The surveyor advised that some mortgage companies will refuse to give a loan on a flying freehold property.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. If you e-mail us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Redland. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are FTB’s - agreed a price, but the agent told us that the seller will only move forward if we appoint the agent's chosen conveyancers as they want a ‘quick sale’. We would rather use a family solicitor who is accustomed to conveyancing in Redland
It is improbable the sellers are behind this. If they desire ‘a quick sale', alienating a serious buyer is not the way to achieve this. Speak to the vendors direct and make sure they understand (a)you are motivated purchasers (b)you are ready to progress, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)but you are going to instruct your preferred Redland conveyancing solicitors - rather thanthose that will provide the negotiator at the agency a commission or meet his conveyancing targets pre-set by corporate headquarters.