Various online forums that I have visited warn that are the main reason for delay in Muxton conveyancing transactions. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Muxton.

Are there restrictive covenants that are commonly identified during conveyancing in Muxton?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Muxton. 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 Muxton differ for newly converted properties?

Most buyers of new build property in Muxton come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in Muxton tend to acquire 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 property lawyers 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 accustomed to new build conveyancing in Muxton or who has acted in the same development.

I have been on the look out for a flat up to £235,500 and found one near me in Muxton I like with amenity areas and railway links in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Muxton for this price, so just wondered if I would be making a grave error buying a short lease?

If you need a mortgage that many years 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 existing owner has owned the premises for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.

Back In 2003, I bought a leasehold flat in Muxton. Conveyancing and Halifax mortgage organised. I have received a letter from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1991. The conveyancing solicitor in Muxton who previously acted has now retired. What should I do?

First make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is indeed the new freeholder. It is not necessary to instruct a Muxton 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 rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Muxton Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing

What is the the remaining lease term? Does the lease include onerous restrictions? You will want to discover as much as possible regarding the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to day to day matters such as the upkeep of the common parts. Ask other people if they are happy with their management. In conclusion, be sure you understand the dates that you are obliged pay the maintenance charge to the relevant party and specifically what it includes.