As a first time buyer what is the most important piece of guidance you can give me about purchase conveyancing in Ulceby?

You may not hear this from too many lawyers but conveyancing in Ulceby or throughout Lincolnshire is often a confrontational experience. Put another way, when it comes to conveyancing there exists plenty of room for friction between you and other parties involved in the transaction. For example, the vendor, estate agent and on occasion a mortgage company. Appointing a lawyer for your conveyancing in Ulceby is a critical decision as your conveyancer is your adviser, and is the ONE party in the transaction whose role it is to protect your best interests and to protect you.

Every so often a potential adversary may try and sway you that it is in your interests to do things their way. For example, the selling agent may claim to be assisting by claiming that your solicitor is dragging his heels. Or your mortgage broker may try to convince you to do something that is contrary to your solicitors advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.

My wife and I purchased a renovated Edwardian house in Ulceby. Conveyancing practitioner acted for me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold under the matching property. Is it worth asking Bank of Scotland to clarify?

You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ulceby and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing solicitor who completed the work.

Just had an offer accepted on a new build apartment in Ulceby. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Ulceby

Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. 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.

Due to the input of my in-laws I had a survey completed on a property in Ulceby prior to instructing solicitors. I have been advised that there is a flying freehold element to the property. My surveyor advised that some banks tend not grant a mortgage on a flying freehold property.

It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you e-mail us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ulceby. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ulceby to see if the conveyancing will be more expensive.

What does commercial conveyancing in Ulceby cover?

Non domestic conveyancing in Ulceby incorporates a broad array of services, given by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.