We are looking to buy a flat and require a conveyancing solicitor in Swadlincote who is on the Leeds Building Society conveyancing panel. Could you point me in the right direction as regards a solicitor?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Swadlincote.

I know that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a residence in Swadlincote? or Apparently there is an ancient law that could mean that homeowners residing in a parish church boundary will be compelled to pay for maintenance towards the chancel in proximity to the church. Is this relevant for conveyancing in Swadlincote?

Unless a prior acquisition of the house took place post 12 October 2013 you can take it that solicitors conducting conveyancing in Swadlincote to continue to suggest a chancel search and or insurance against a claim.

How does conveyancing in Swadlincote differ for newly converted properties?

Most buyers of new build or newly converted property in Swadlincote come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is constructed. This is because developers in Swadlincote usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Swadlincote or who has acted in the same development.

I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Swadlincote is the location of the property. Can you shed any light on this issue?

Flying freeholds in Swadlincote are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Swadlincote you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Swadlincote may decide 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.

I am a negotiator for a long established estate agency in Swadlincote where we have experienced a number of flat sales put at risk due to leases having less than 80 years remaining. I have received inconsistent advice from local Swadlincote conveyancing solicitors. Please can you confirm whether the vendor of a flat can commence the lease extension process for the purchaser on completion of the sale?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Swadlincote Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing

It is important to be aware if a new roof is being put on or some other significant cost is due shortly to be shared between the leasehold owners and will dramatically impact the level of the service fees or require a specific payment. You should be aware if it is fewer than eighty years it will have adverse implications on the value of the flat. It is worth checking with your mortgage company that they are willing to to proceed given the lease term. A short lease means that you will probably have to extend the lease at some point and you need to have some idea of how much this would cost. Remember, in most cases you will need to own the property for a couple of years before you are entitled to carry out a lease extension. Does the lease have onerous restrictions?