Why is leasehold purchase conveyancing in Winton is more expensive?

Winton leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

Me and my brother have a terraced Georgian house in Winton. Conveyancing practitioner represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?

You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Winton and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with the conveyancing lawyer who conducted the work.

Just had an offer accepted on a new build flat in Winton. Conveyancing is daunting 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 legal work.

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

Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants.

I decided to have a survey done on a property in Winton ahead of instructing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some lenders may refuse to give a mortgage on this type of property.

It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Winton. Conveyancing may be slightly more expensive based on your lender's requirements.

Please set examples of compelling advantages to using a high street lawyer in Winton

Home movers in Winton choose a local solicitor so that they can visit in the event that they have questions, and to deliver documents without using the Royal Mail.

There is a distinct advantage when opting for a conveyancing practitioner local to the house you are hoping to purchase, due to the familiarity of the region and potential local concerns - nevertheless this is debatable. Many conveyancers carry out their communications through email and could be based anywhere.