I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Swanland. My lender is Chelsea Building Society

Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 5/2/2023, the requirements read as follows :

I used Action Conveyancing several years past for my conveyancing in Swanland. Now, I need my documents however cannot find the solicitor. What do I do?

You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Swanland of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

What does commercial conveyancing in Swanland cover?

Swanland conveyancing for business premises incorporates a broad range of guidance, provided by qualified solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.

I need to instruct a conveyancing solicitor for remortgage conveyancing in Swanland. I happened to chance upon a site which appears to be the ideal offering If there is a chance to get all formalities done via phone that would be preferable. Should I be concerned? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I am a negotiator for a busy estate agency in Swanland where we have witnessed a few leasehold sales derailed as a result of leases having less than 80 years remaining. I have received contradictory information from local Swanland conveyancing firms. Please can you clarify whether the seller of a flat can instigate the lease extension process for the buyer?

As long as the seller has owned the lease 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 for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.

An alternative approach is 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 purchaser.

Leasehold Conveyancing in Swanland - A selection of Queries before buying

This information is helpful as a) areas could cause problems for the block as the communal areas may start to deteriorate where maintenance remain unpaid b) if the leaseholders have an issue with the running of the building you will want to have complete disclosure Does the lease include onerous restrictions? Many Swanland leasehold properties will be liable to pay a service charge for the upkeep of the block levied by the landlord. Where you buy the property you will have to pay this liability, usually in instalments during the year. This may vary from several hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a ground rent for you to pay yearly, normally this is not a significant sum, say around £50-£100 but you need to enquire as sometimes it can be prohibitively expensive.