Due to move into my new home in Chase Side next Thursday. My now wants me to supply her with evidence of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the mortgage company. What does the insurance need to cover?

All property lawyers on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook conditions. These requirements are not specific to conveyancing in Chase Side.

Why is leasehold purchase conveyancing in Chase Side costs more?

Chase Side 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.

Are the BSA intent on creating a search tool with a view to list firms on the conveyancing panel for instance in Chase Side?

We have not been informed any intention on the part of the BSA to promote such a tool.

I am buying a new build apartment in Chase Side. Conveyancing is necessary evil 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 are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Chase Side

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are architect prepared. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

Back In 2006, I bought a leasehold house in Chase Side. Conveyancing and mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Chase Side who acted for me is not around. Any advice?

First make enquiries of HMLR to make sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Chase Side conveyancing solicitor to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Leasehold Conveyancing in Chase Side - Sample of Queries before buying

It would be sensible to enquire if there are any onerous prohibitions in the lease. For instance it is very common in Chase Side leases that pets are not allowed in certain buildings in Chase Side. If you love the propertyin Chase Side yet your dog can’t make the move with you then you will be presented with a difficult decision. It is important to be aware whether window replacement or some other major work is pending that will be shared between the leasehold owners and may well dramatically increase the the service costs or necessitate a specific invoice. Is there a share of the freehold?