Do the conveyancing practitioners Indexed on your site carry out auction conveyancing in Todwick?

There are a few niche solicitors we can put you in touch with those conducting auction conveyancing. Todwick is just one of the many locations where our lawyers have a presence.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Todwick. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Todwick

Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.

I opted to have a survey carried out on a property in Todwick before appointing solicitors. I have been told that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies tend not issue a loan on this type of property.

It depends who your proposed lender is. Santander has different requirements from Nationwide. If you e-mail us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Todwick. Conveyancing may be slightly more expensive based on your lender's requirements.

Do I need to be concerned about brokers that I am dealing with are recommending a nationwide conveyancing firm as opposed to a High Street Todwick conveyancing firm?

As is the case with lots of service providers, often input from connections can be most helpful. But there are many players in a conveyancing matter; estate agents, mortgage brokers and lenders may recommend solicitors to choose. Sometimes the conveyancers might be known to one of the organisations as being good in their field, but sometimes there may be a commercial relationship behind the recommendation. You have the discretion to choose your own lawyer. You need to be aware that most lenders specify a panel list of conveyancers you are obliged to use for the lender aspect of your conveyancing.

Having had my offer accepted I require leasehold conveyancing in Todwick. Before I get started I would like to find out the unexpired term of the lease.

If the lease is recorded at the land registry - and 99.9% are in Todwick - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I bought a ground floor flat in Todwick, conveyancing having been completed 3 years ago. How much will my lease extension cost? Similar properties in Todwick with over 90 years remaining are worth £186,000. The ground rent is £55 invoiced every year. The lease runs out on 21st October 2077

With 52 years unexpired the likely cost is going to span between £29,500 and £34,000 plus legals.

The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.