I am assisting my niece sell her flat in Fleet. Does the conveyancer arrange the EPC or it is for the seller to see to?
After the abolition of Home Packs, energy performance certificates was left as a compulsory component of selling a property. An energy performance certificate must be to hand in advance of the property being advertised. This is not a task that lawyers ordinarily organise. Where you are instructing a Fleet conveyancing lawyer they may be able to arrange energy performance certificates due to their relationships with long established local assessors
We have agreed to purchase a house in Fleet. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Principality be concerned?
As you are obtaining a mortgage with Principality your lawyer must check the formal instructions outlined in Part two of UK Finance Lenders’ Handbook for Principality. The CML Handbook contains minimum provisions for solar panel roof-space leases, and solicitors are required to report to Principality where a lease does not meet these specifications. The specifications relate to the installation of panels on properties countrywide and is not isolated to Fleet.
The mortgage over my property is with Coventry BS for my property in Fleet. Conveyancing has been completed months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Coventry BS?
You must advise Coventry BS prior to renting your property as this is likely to be a breach of Coventry BS’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Coventry BS directly. You need not do this via a Coventry BS conveyancing panel firm.
Do I need to take out insurance to address the risk of chancel repairs when buying a property in Fleet?
Unless a prior purchase of the property completed after 12 October 2013 you may assume that conveyancing practitioners handling conveyancing in Fleet to remain recommending a chancel search and or insurance against a claim.
Just had an offer accepted on a new build apartment in Fleet. Conveyancing is a frightening process 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 legal work.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Fleet
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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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I am looking for a ground for flat up to £195,000 and found one round the corner in Fleet I like with open areas and railway links in the vicinity, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Fleet 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 shortness of the lease will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I have just appointed agents to market my ground floor apartment in Fleet. Conveyancing lawyers have not yet been instructed, but I have recently received a yearly service charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as usual given that all ground rent and maintenance charges should be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Fleet - A selection of Queries before buying
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Are any of leasehold owners in dispute over their service charge liability? How much is the ground rent and service charge? What is the length of the lease?