Is there a reason why leasehold purchase conveyancing in Thames Ditton is more expensive?
The conveyancing costs for a leasehold premises in Thames Ditton is often more expensive than on a freehold acquisition or disposal. This is because there is an amount of supplemental time necessary in communicating with the freeholder and managing agents to collate the information concerning whether the rent and maintenance charges have been cleared and whether there are any major works due in the near future on repairs or maintenance of the block.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Thames Ditton. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 22/4/2019, the requirements read as follows :
Are there restrictive covenants that are commonly picked up as part of conveyancing in Thames Ditton?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Thames Ditton. 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…’
I opted to have a survey completed on a house in Thames Ditton prior to retaining lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies may refuse to issue a mortgage on a flying freehold house.
It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Thames Ditton. Conveyancing will be smoother if you use a solicitor in Thames Ditton especially if they regularly deal with such properties in Thames Ditton.
How easy is it to use the search app to find a conveyancing practitioner in Thames Ditton on the panel for my bank?
Step one is to choose a bank such as Halifax, The Mortgage Works or Nottingham Building Society then specify your preferred area a common one being Thames Ditton. Conveyancing practices in Thames Ditton and nationally should be identified.