Are there restrictive covenants that are commonly identified as part of conveyancing in Harehills?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Harehills. 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…’

How does conveyancing in Harehills differ for newly converted properties?

Most buyers of new build property in Harehills approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because house builders in Harehills usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Harehills or who has acted in the same development.

I have been on the look out for a ground for flat up to £245,000 and identified one close by in Harehills I like with open areas and transport links nearby, however it only has 52 years on the lease. There is not much else in Harehills for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?

Should you require a home loan that many years may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.

What does commercial conveyancing in Harehills cover?

Harehills conveyancing for business premises covers a wide range of advice, provided by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.

When it comes to leasehold conveyancing in Harehills what are the most frequent lease problems?

There is nothing unique about leasehold conveyancing in Harehills. Most leases are unique and legal mistakes in the legal wording can result in certain provisions are not included. For example, if your lease is missing any of the following, it could be defective:

A duty to insure the building

You may encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Yorkshire Building Society, The Mortgage Works, and Alliance & Leicester all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to withdraw.

Harehills Leasehold Conveyancing - A selection of Queries Prior to Purchasing

Is there a share of the freehold? Does the lease have more than 80 years unexpired?