My conveyancer has identified a a legal deficiency with the lease for the flat we are buying in Barton under Needwood. The seller’s lawyers have suggested defective title insurance as a workaround. We are happy with insurance and will cover the costs. Our conveyancer says that he must check that the bank is happy with this solution. Who is the client here, us or the bank?

Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. These conveyancing instructions must be adhered to.

I need some quick conveyancing in Barton under Needwood as I am under an ultimatum to complete in less than 2 weeks. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?

As you are not getting a mortgage you have the choice not to have searches conducted although no law firm would advise that you don't. With plenty of history conveyancing in Barton under Needwood the following are examples of what can crop up and therefore affect market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Railway Schemes,...

The estate agent has sent us the confirmation of our purchase of a new build flat in Barton under Needwood. Conveyancing is a frightening process 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 legal work.

Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Barton under Needwood

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. 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.

We are 18 days into a leasehold purchase having been referred to a firm by the selling agent to carry out the conveyancing in Barton under Needwood. I am not happy. Could you you assist me in finding new solicitors?

They would have to be very bad in order to consider diss instructing them. Has your loan offer been sent? In the event that it has you need to make them aware of the new contact details and have the loan are re-issued. Your new solicitor ideally needs to be on the mortgage company approved list to avoid added fees and delays. So that should be your starting point. Our search tool will assist you in finding a bank approved lawyer for your conveyancing in Barton under Needwood

My wife and I purchased a leasehold house in Barton under Needwood. Conveyancing and Nottingham Building Society mortgage are in place. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Barton under Needwood who acted for me is not around. Do I pay?

The first thing you should do is make enquiries of HMLR to make sure that the individual purporting to own the freehold is indeed the new freeholder. There is no need to instruct a Barton under Needwood conveyancing practitioner to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Barton under Needwood Conveyancing for Leasehold Flats - A selection of Questions you should ask before buying

The best form of lease arrangement is a share of the freehold. In this arrangement the leaseholders benefit from being in charge if their destiny and although a managing agent is often retained if it is bigger than a house conversion, the managing agent employed by the leaseholders. What is the service charge and ground rent on the apartment? Its a good idea to discover as much as you can concerning the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you are frequently in the clutches of the managing agents from a financial perspective and when it comes to day to day matters like the cleanliness of the common parts. Enquire of other people what they think of their management. In conclusion, find out the dates that the maintenance fees are due to the relevant party and specifically what it includes.