After looking at online forums for a conveyancing solicitor in Motspur Park, many say that I must look for a CQS accredited lawyer. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in home moving process, trusted by some of the UK's biggest mortgage companies. Four years ago the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). CQS is not a scheme offered by the Society for Licensed Conveyancers. Motspur Park is one of the numerous areas in England and Wales where there are CQS lawyers.
The estate agent has sent us the confirmation of our purchase of a new build flat in Motspur Park. 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 conveyancing.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Motspur Park
-
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Motspur Park is the location of the property. Is there any guidance you can give?
Flying freeholds in Motspur Park are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Motspur Park you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Motspur Park may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Do I need to be suspicious by estate agents that I am dealing with are suggesting a national conveyancing firm as opposed to a High Street Motspur Park conveyancing practice?
As with many service providers, often recommendations from connections can be worth their weight in gold. Nevertheless there are many players in a conveyancing transaction; estate agents, mortgage brokers and banks may suggest lawyers to appoint. Sometimes the lawyers might be known to one of the organisations as one of the best in their field, but occasionally there is an underlying financial incentive behind the recommendation. You have the discretion to select your own conveyancer. However, bear in mind that the majority of lenders have an approved list of conveyancers you must use for the mortgage aspect of your home move.
Expecting to exchange soon on a ground floor flat in Motspur Park. Conveyancing solicitors inform me that they are sending me a report on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Motspur Park should include some of the following:
-
Alterations to the property Does the lease prevent you from letting out the flat, or having a home office for business Where does the liability rest to repair and maintain the building. It is essential for you to know who is duty bound to repair and maintenance of every part of the building It needs to be made clear to you if the lease permits you to alter or improve aspects of the premises- you must be made aware as to whether it applies to all alterations or just structural alteration, and whether permission is required Defining your rights in respect of the communal areas in the block.E.G., does the lease provide for a right of way over an accessway or hallways?
My wife and I have hit a brick wall in trying to purchase the freehold in Motspur Park. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We can put you in touch with a Motspur Park conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Motspur Park residence is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case related to 1 flat. The unexpired lease term was 60.43 years.