About to purchase a new build flat in Paulton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Paulton

The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.

Due to the input of my in-laws I had a survey completed on a property in Paulton prior to appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some banks may refuse to grant a loan on this type of home.

It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Paulton. Conveyancing will be smoother if you use a solicitor in Paulton especially if they are familiar with such properties in Paulton.

What does commercial conveyancing in Paulton cover?

Paulton conveyancing for business premises incorporates a wide array of services, provided by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases 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.

Can you provide any advice for leasehold conveyancing in Paulton from the perspective of saving time on the sale process?

• A significant proportion of the delay in leasehold conveyancing in Paulton can be reduced if you appoint lawyers as soon as you market your property and request that they start to put together the leasehold documentation which will be required by the buyers’ representatives.
You believe that you know the number of years remaining on your lease but it would be advisable double-check by asking your conveyancers. A buyer’s lawyer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the remaining number of years is under 75 years. In the circumstances it is important at an as soon as possible that you identify whether the lease term for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. In the event that you altered the property did you need the Landlord’s consent? In particular have you installed wooden flooring? Paulton leases often stipulate that internal structural changes or addition of wooden flooring necessitate a licence from the Landlord approving such changes. If you dont have the approvals to hand do not contact the landlord without contacting your lawyer in advance. If you are supposed to have a share in the Management Company, you should make sure that you are holding the original share certificate. Organising a duplicate share certificate can be a lengthy process and slows down many a Paulton conveyancing deal. If a duplicate share certificate is necessary, do contact the company officers or managing agents (where relevant) for this at the earliest opportunity.

Leasehold Conveyancing in Paulton - A selection of Questions you should ask before buying

The best form of lease arrangement is where the freehold title is owned by the leaseholders. In this situation the lessees enjoy being in charge if their destiny and notwithstanding that a managing agent is often retained if it is larger than a house conversion, the managing agent acts for the leaseholders themselves. It would be prudent to find out if the the lease includes any adverse restrictions in the lease. By way of example it is reasonably common in Paulton leases that pets are not allowed in certain buildings in Paulton. If you like the propertyin Paulton yet your cat can’t live with you then you will be presented with a hard decision. You should want to find out as much as possible regarding the company managing the building as they will impact your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to practical matters such as the upkeep of the communal areas. You should not be shy to ask other people whether they are happy with their management. On a final note, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and specifically what it includes.

Our solicitor in Paulton is asking me for proof of ID documents stating that this is part of his legal duty as a conveyancer on the lender Solicitor panel. This is news to me - can I refuse?

Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the lender. This is not unique to conveyancing in Paulton