I have been referred to a conveyancing solicitor in Thurmaston. I I am struggling to find out whether they are accepted on the Clydesdale conveyancing panel. Can you assist?
You should e-mail the conveyancer and ask them if they are on the lender panel. Otherwise please call Clydesdale who may be able to confirm.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Thurmaston?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Thurmaston. 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 decided to have a survey done on a property in Thurmaston prior to appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some lenders will refuse to give a mortgage on a flying freehold premises.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Thurmaston. Conveyancing may be slightly more expensive based on your lender's requirements.
In surfing the internet for the words cheap conveyancing in Thurmaston it brings up numerous solicitorsin the vicinity. With so much choice what is the best way to find the right solicitor for the sale of my house?
The ideal method of seeking the right conveyancer is through a trusted recommendation, so enquire of colleagues and those you trust who have bought a property in Thurmaston or a reputable estate agent or financial adviser. Fees for conveyancing in Thurmaston vary, so it's sensible to obtain at least three fee estimates from different companies. Make sure that you clarify that the fees are fixed.
I am a negotiator for a long established estate agent office in Thurmaston where we have experienced a few flat sales put at risk as a result of short leases. I have been given contradictory information from local Thurmaston conveyancing solicitors. Please can you clarify whether the vendor of a flat can start the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with 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 buyer.
Thurmaston Leasehold Conveyancing - A selection of Questions you should ask before buying
How is the lease structured? Many Thurmaston leasehold flats will incur a service bill for maintenance of the building levied on behalf of the landlord. Where you buy the property you will have to pay this contribution, normally quarterly throughout the year. This may vary from a few hundred pounds to thousands of pounds for buildings with lifts and large communal areas. In all probability there will be a ground rent for you to pay yearly, this is usually not a large amount, say about £25-£75 but you need to enquire as occasionally it can be many hundreds of pounds. You will want to discover as much as possible regarding the managing agents as they can either make your life much easier or uncomfortable. As the owner of a leasehold property you will be in the clutches of the managing agents from a financial perspective and when it comes to practical issues like the cleanliness of the communal areas. Ask prospective neighbours whether they are happy with them. On a final note, be sure you understand the dates that the maintenance charges are due to the managing agents and specifically what you get for your money.