I am buying a right to buy a flat in Nailsea. How practical is it for me to do the conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Nailsea you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Nailsea.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Nailsea. 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.

Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Nailsea

Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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.

I opted to have a survey completed on a house in Nailsea before retaining solicitors. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies tend refuse to give a loan on a flying freehold property.

It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Nailsea. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Nailsea to see if the conveyancing costs will increase in light of this.

In scouring the internet for the words cheap conveyancing in Nailsea it shows results of many solicitorsin the vicinity. How do I determine which is the right conveyancing solicitor for the sale of my house?

The preferential method of finding a suitable conveyancer is via trusted referral, so seek the opinion of friends and relatives who have acquired a property in Nailsea or a reputable estate agent or mortgage broker. Costs for conveyancing in Nailsea differ, so it's a good idea to obtain a minimum of three costs illustrations from different law firms. Dont forget to clarify that the costs are guaranteed not to escalate.

I am looking at a two apartments in Nailsea which have about forty five years unexpired on the lease term. Should I regard a short lease as a deal breaker?

There are plenty of short leases in Nailsea. The lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease shortens the saleability of the lease deteriorates and it becomes more costly to acquire a lease extension. This is why it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease extension can be a protracted process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this field.

Leasehold Conveyancing in Nailsea - Examples of Questions you should consider Prior to buying

What is the name of the managing agents? Best to be warned whether a new roof is being installed or some other major work is anticipated to be shared by the leaseholders and may well materially impact the level of the maintenance fees or require a specific payment.