I am under pressure from the seller of a property in Wendover to complete within four weeks. What can I do to expedite the legal process?

In a situation where the seller is applying pressure to sign contracts we would recommend that your conveyancer is familiar with the area as they will have local relationships and intelligence. It is even conceivable that they could have transacted previousproperties in the same street. You would be best advised to use a Wendover conveyancing lawyer. In addition, make sure that the lawyer is on the on the approved list for your mortgage company. It is understood that 18% of Wendover conveyancing deals are frustrated or jeopardised after discovering a purchaser’s solicitor was not on their banks panel. This can often result in the conveyancing being delayed by an average of three weeks. It is estimated that this issue impacts approximately one hundred thousand home sales every year. Many Wendover conveyancing firms can not represent certain lenders so do check as early as possible.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Wendover?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Wendover. 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…’

Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Wendover is the location of the property. Can you shed any light on this issue?

Flying freeholds in Wendover are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wendover you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wendover may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

Am I best advised to go with a Wendover conveyancing practitioner who is local to the property I am purchasing? An old friend can carry out the conveyancing but her office is over three hundred miles drive away.

The benefit of a local Wendover conveyancing firm is that you can visit the firm to sign documents, present your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a plus. However it's more important to get someone that will do a good and efficient job. If you know people who used your friend and the majority were impressed that must outweigh using an unknown Wendover conveyancing solicitor just because they are Wendover based.

Due to complete next month on a ground floor flat in Wendover. 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 Wendover should include some of the following:

Advice as to the provision in the lease to pay service charges - in respect of the block, and the wider rights a lessee enjoys What remedies are open the freeholder should you breach a clause of your lease? Whether your lease has a provision for a reserve account for major works? Repair and maintenance of the premises Who has the liability to repair and maintain the block. It is essential that you know which party is liable for the repair and maintenance of every part of the building

Wendover Leasehold Conveyancing - Examples of Questions you should consider Prior to buying

Who are the managing agents? Plenty Wendover leasehold flats will incur a service bill for maintenance of the building set by the landlord. If you buy the property you will have to meet this amount, usually quarterly accross the year. This can differ from a few hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a ground rent for you to pay yearly, this is usually not a significant amount, say around £50-£100 but you should to check it because sometimes it could be many hundreds of pounds. It is important to be aware if fixing the lift or some other major work is due shortly to be shared by the leasehold owners and may well materially increase the the maintenance costs or require a one off invoice.