Why do I have to pay up front for conveyancing in Shinfield?
If you are buying a property in Shinfield your solicitor will ask you to provide them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the sale price then this should be asked for shortly prior to contracts are exchanged. The closing balance that is due should be transferred a few days ahead of the day of completion.
Just acquired a semi-detached house in Shinfield , What is the estimated time for the Land Registry to deal with the formalities evidencing my title? My Shinfield conveyancing solicitor has been very slow, so I want to be sure that my ownership is registered.
There is nothing unique about conveyancing in Shinfield registration formalities. Rather than based on location, timescales can differ subject to the party submitting the application, whether it is in order and whether the Land registry need to notify any interested persons or bodies. At present roughly three quarters of submission are fully dealt with in less than three weeks but some can be subject to extensive hold-ups. Historically registration takes place after the new owner has moved in to the premises therefore post completion formalities is not typically an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers should speak with the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Shinfield. 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.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Shinfield
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a simple, chain free conveyancing. Shinfield is the location of the property. What do you suggest?
Flying freeholds in Shinfield are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shinfield you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shinfield may determine 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 residence.
How does the Landlord & Tenant Act 1954 affect my business premises in Shinfield and how can your lawyers assist?
The 1954 Act gives security of tenure to commercial lessees, giving them the legal entitlement to apply to court for a renewal lease and remain in occupation when the lease reaches an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Shinfield