Are there restrictive covenants that are commonly identified as part of conveyancing in Timsbury?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Timsbury. 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 am looking for a leasehold apartment up to £245,000 and found one round the corner in Timsbury I like with amenity areas and railway links nearby, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Timsbury for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
What does commercial conveyancing in Timsbury cover?
Timsbury conveyancing for business premises incorporates a broad range of guidance, given by regulated solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I am hoping to sign contracts shortly on a leasehold property in Timsbury. Conveyancing solicitors assured me that they report fully next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Timsbury should include some of the following:
You should have a good understanding of the building insurance obligations Alterations to the flat You should be advised what is to be regarded as a Nuisance as far as the lease is concerned The unexpired lease term. You should be advised as what happens when the lease ends, and aware of the importance of the 80 year mark An explanation concerning the obligations in the lease to pay service charges - in relation to the building, and the wider rights a lessee has
Timsbury Leasehold Conveyancing - A selection of Queries before buying
How many of the leaseholders are in arrears for their service charge payments? The best form of lease arrangement is where the freehold interest is owned by the leaseholders. In this arrangement the lessees benefit from control and although a managing agent is often retained if the building is larger than a house conversion, the managing agent employed by the leaseholders.
I require the services of a lender panel solicitor in Timsbury. Can you assist?
It is not clear why you need a Timsbury panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Timsbury are on their panel . If you do find such a firm in Timsbury not listed please direct them to our site to list. After all the cost is only one £1 a month