Why is leasehold purchase conveyancing in Fetcham is more expensive?

Fetcham leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

Various online forums that I have frequented warn that are the primary reason for hinderance in Fetcham house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Fetcham.

Despite weeks of looking the Title Certificate and documents to my house can not be found. The conveyancers who handled the conveyancing in Fetcham 5 years ago no longer exist. What do I do?

These day there are duplicates made of almost everything, and your conveyancer will know exactly where to look for all the relevant documentation so you can purchase or dispose of your house without a hitch. If copies can’t be located, your lawyer can arrange cover in the form of insurance or indemnities against future claims on your property.

Due to the guidance of my in-laws I had a survey completed on a house in Fetcham in advance of appointing lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some lenders may refuse to grant a loan on such a home.

It varies from the lender to lender. Santander has different requirements for example to Halifax. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Fetcham. Conveyancing may be slightly more expensive based on your lender's requirements.

Expecting to exchange soon on a studio apartment in Fetcham. Conveyancing solicitors have said that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?

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

Repair and maintenance of the premises You should have a good understanding of the building insurance obligations An explanation as to the provision in the lease to pay service charges - in respect of the block, and the wider rights a lessee enjoys The length of the lease term. You should receive guidance as what happens when the lease ends, and aware of the importance of the 80 year mark Responsibility for repairing the window frames

Fetcham Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing

What restrictions are there in the Fetcham Lease? It is important to be aware whether a new roof is being put on or some other significant cost is anticipated to be shared by the leaseholders and could well dramatically increase the the service costs or necessitate a specific invoice. Please note that where the lease has no more than 80 years it will have adverse implications on the salability of the apartment. Check with your lender that they are content with remaining years on the lease. A short lease means that you will probably have to extend the lease at some point and it is worth discovering what this will be. Remember, in most cases you would be be obliged to have been the owner of the property for 24 months before you are eligible to carry out a lease extension.