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Find a Verwood Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Verwood? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Verwood conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Verwood

We are buying a house and need a conveyancing solicitor in Verwood who is on the Santander solicitor panel. Could you point me in the right direction as regards a firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Santander . We don't recommend any particular firms conducting conveyancing in Verwood.

four months have elapsed following my purchase conveyancing in Verwood completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Verwood is where the house is located. Can you offer any guidance?

Flying freeholds in Verwood are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Verwood you must be sure that your lawyer goes 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 Verwood 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.

I work for a busy estate agent office in Verwood where we have experienced a few leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Verwood conveyancing solicitors. Can you shed some light as to whether the owner of a flat can commence the lease extension process for the buyer?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Verwood Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to Purchasing

    Are any of leasehold owners in arrears of their service charge liability? In the main the cost for major works are not included within maintenance charges, albeit that there some managing agents in Verwood ask tenants to contribute towards a sinking fund created for the specific intention of building a fund for larger repairs or maintenance. Most Verwood leasehold properties will incur a service charge for maintenance of the block invoiced by the freeholder. If you acquire the flat you will have to pay this contribution, normally in instalments accross the year. This can vary from a couple of hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. There will also be a rentcharge for you to pay annual, normally this is not a exorbitant sum, say about £25-£75 but you need to enquire it because occasionally it can be prohibitively expensive.

There are plenty of houses in Verwood on unadopted lanes. My husband and I are acquiring such a house. Are there any benefits to purchasing a house on a private road?

Verwood conveyancing lawyers are familiar with transacting propertieson private. Your conveyancer should review the title to identify any rights or liabilities. In many cases there is a residents association that proprietors make annual contributions for the upkeep of the road. If one exists, the road will likely be maintained and look better than publicly adopted.

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Find out more about how flying freehold can affect your the value of a property.