Are there restrictive covenants that are commonly identified during conveyancing in Tunstall?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Tunstall. 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…’

How does conveyancing in Tunstall differ for newly converted properties?

Most buyers of new build property in Tunstall contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Tunstall tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Tunstall or who has acted in the same development.

Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Tunstall I like with a park and railway links in the vicinity, however it's only got 51 years unexpired on the lease. I can't really find anything else in Tunstall in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

If you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.

Is there anything unique about your site and alternative internet conveyancing solicitors when it comes to conveyancing in Tunstall?

At this site get an accurate quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Tunstall. As opposed to estate agents and many comparison sites we do not have kick-back deals with solicitors. Some agents and online brokers 'recommend' the firm paying the most per referral, not the best value conveyancing in Tunstall

I am hoping to complete next month on a studio apartment in Tunstall. Conveyancing lawyers have said that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Tunstall should include some of the following:

It needs to be made clear to you if the lease allows you to add or upgrade anything in the property- you should be made aware as to whether any restrictions applies to all alterations or just structural alteration, and whether permission is required You should have a good understanding of the insurance obligations The physical ownership of the premises. This might be the flat itself but may incorporate a attic or basement if relevant. The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. What the implications are if you are in breach of your lease terms?

Tunstall Conveyancing for Leasehold Flats - Sample of Queries before buying

Its a good idea to find out as much as you can regarding the company managing the block as they can either make living at the property much easier or problematic. Being a leasehold owner you are often at the mercy of the managing agents from a financial perspective and when it comes to daily matters like the cleanliness of the common parts. Enquire of other people whether they are happy with their management. In conclusion, investigate as to the dates that the maintenance charges are due to the managing agents and precisely what you get for your money. Are any of leasehold owners in dispute over their service charge liability?