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Find a Snettisham Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Snettisham? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Snettisham home move at risk of delay or failure.

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Recently asked questions about conveyancing in Snettisham

I have 7378 less than 75 years remaining on my lease and need a lease extension for my flat in Snettisham. Conveyancing solicitors on the Bank of Ireland panel can deal with such extensions correct?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 17/3/2024 the requirements read as follows :

Yes, subject to a minimum lease term of 85 years. The unexpired lease term must be at least the mortgage term plus 45 years. See also 5.14.9

Are there restrictive covenants that are commonly picked up as part of conveyancing in Snettisham?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Snettisham. 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…’

Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Snettisham is where the house is located. Is there any advice you can give?

Flying freeholds in Snettisham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Snettisham you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Snettisham 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 property.

When it comes to leasehold conveyancing in Snettisham what are the most common lease defects?

Leasehold conveyancing in Snettisham is not unique. All leases are individual and drafting errors can sometimes mean that certain sections are not included. For example, if your lease is missing any of the following, it could be defective:

    A provision to repair to or maintain parts of the building Maintenance charge proportions which don’t add up to the correct percentage

A defective lease can cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Birmingham Midshires, Skipton Building Society, and Bank of Ireland all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the purchaser to pull out.

Snettisham Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing

    The prefered form of lease structure is a share of the freehold. In this scenario the leaseholders benefit from control and although a managing agent is frequently retained where it is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Does the lease have in excess of 82 years unexpired? Does the lease have onerous restrictions?

I need to swap lawyers as my Snettisham lawyer is not on the bank's approved list of conveyancing solicitors. Is it practical to instruct different lawyers?

In the event that you have not formally appointed a conveyancer to start work and at this stage simply received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Snettisham that you're thinking of instructing.

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Neighbouring Locations

Heacham
Hunstanton
Snettisham
Kings Lynn
Dersingham
Sandringham

Find out more about how flying freehold can affect your the value of a property.