Are the Ash conveyancing solicitors identified as being on the Virgin Money conveyancing panel, together with their details provided by Virgin Money?

Ash conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.

Me and my brother have a 4 bedroom Georgian house in Ash. Conveyancing lawyer acted for me and Virgin Money. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??

You should assess the Freehold register you have again and check the Charges Register for 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 Ash and other locations in 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 mortgage companies. You can also enquire as to the situation with the conveyancing practitioner who conducted the conveyancing.

The estate agent has sent us the confirmation of our purchase of a new build flat in Ash. Conveyancing is daunting 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 selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Ash

The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.

I am looking for a ground for flat up to £235,500 and identified one near me in Ash I like with a park and railway links nearby, however it only has 52 years on the lease. There is not much else in Ash for this price, so just wondered if I would be making a mistake buying a lease with such few years left?

If you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could ask them to start the process of the extension and pass 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 solicitor about this.

Expecting to complete next month on a ground floor flat in Ash. Conveyancing solicitors inform me that they report fully next week. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Ash should include some of the following:

Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Additions to the premises Whether your lease provides for a slush fund? Setting out your legal entitlements in respect of common areas in the block.By way of example, does the lease contain a right of way over a path or staircase? Who has the liability to repair and maintain the main walls and foundations. It is important for you to know who is responsible the repair and maintenance of every part of the building

Ash Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing

Where a Ash lease has less than eighty years it will have adverse implications on the salability of the property. Check with your lender that they are happy with remaining years on the lease. A short lease means that you will most likely have to extend the lease sooner rather than later and it is worth discovering how much this will be. Remember, in most cases you will be required to have owned the residence for two years in order to be entitled to extend the lease. The majority of Ash leasehold apartments will incur a service bill for the upkeep of the building levied on behalf of the freeholder. If you buy the property you will have to meet this charge, usually in instalments accross the year. This may differ from two or three hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. In all likelihood there will be a rentcharge to be met annual, normally this is not a exorbitant figure, say around £50-£100 but you should to check it because occasionally it can be many hundreds of pounds. Who is in charge of the block?