When will exchange of contracts happen for sale conveyancing in Rothwell and am I required to attend the lawyers branch?

If you are round the corner to one of the conveyancing solicitors in Rothwell you are invited in to sign contracts. That being said, the firms we recommend offer a nationwide conveyancing service and provide just as detailed and professional a job for you when dealing with you electronically. The executing of the contract is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the firm to exchange contracts at the suitable time, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Rothwell)to be in the office at the appropriate time.

I am about to put a bid on a leasehold flat in Rothwell. The estate agents advise that it is usual for flats in Rothwell to have less than 75 years left on the lease. I am obtaining a loan with Virgin. Is this going to be a problem if the lease has 70 years unexpired.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/1/2025 the requirements read as follows :

A colleague suggested that where I am buying in Rothwell I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

This is a search is sometimes quoted for as part of the standard Rothwell conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Rothwell around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Rothwell Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Rothwell.

I am buying a new build flat in Rothwell. Conveyancing is necessary evil 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 conveyancing.

Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Rothwell

Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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. Please supply a car parking plan.

Can you provide any advice for leasehold conveyancing in Rothwell with the aim of speeding up the sale process?

• Much of the delay in leasehold conveyancing in Rothwell can be reduced where you instruct lawyers as soon as your agents start advertising the property and ask them to put together the leasehold information needed by the purchasers’ solicitors.
You may think that you are aware of the number of years left on your lease but it would be wise to double-check by asking your solicitors. A purchaser's lawyer will be unlikely to recommend their client to where the remaining number of years is less than 75 years. It is therefore important at an as soon as possible that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If you have had conflict with your landlord or managing agents it is essential that these are settled before the property is marketed. The purchasers and their solicitors will be concerned about purchasing a flat where a dispute is unsettled. You may need to swallow your pride and discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as historic as opposed to unsettled. If you are supposed to have a share in the freehold, you should make sure that you hold the original share certificate. Obtaining a new share certificate can be a lengthy formality and frustrates many a Rothwell home move. If a reissued share certificate is necessary, do contact the company officers or managing agents (where applicable) for this as soon as possible.

Rothwell Leasehold Conveyancing - A selection of Questions you should consider before buying

How is the lease structured? The majority of Rothwell leasehold properties will incur a service charge for maintenance of the building set on behalf of the landlord. Should you purchase the property you will have to pay this liability, usually quarterly during the year. This could vary from several hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a rentcharge to be met yearly, ordinarily this is not a significant figure, say around £25-£75 but you need to enquire as occasionally it can be surprisingly expensive. In the main the cost for major works tend not to be included within service charges, although a few managing agents in Rothwell require leasehold owners to pay into a sinking fund created for the specific purpose of establishing a fund for major works.