Are the Cross Keys conveyancing solicitors identified as being on the Santander conveyancing panel, together with their details provided by Santander?

Cross Keys conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.

What does a local search tell me regarding the property I am buying in Cross Keys?

Cross Keys conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company for example Searches UK The local search is essential in every Cross Keys conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search will provide data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.

Are there restrictive covenants that are commonly picked up during conveyancing in Cross Keys?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Cross Keys. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I am attracted to a couple of flats in Cross Keys which have in the region of fifty years unexpired on the lease term. should I be concerned?

There are no two ways about it. A leasehold apartment in Cross Keys is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. For most purchasers and lenders, leases with less than eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Cross Keys conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Cross Keys Leasehold Conveyancing - Sample of Queries Prior to Purchasing

You will want to discover as much as you can concerning the managing agents as they will either make life much simpler or a lot more difficult. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day matters like the cleanliness of the communal areas. Ask prospective neighbours what they think of their service. In conclusion, be sure you understand the dates that the maintenance charges are due to the managing agents and precisely what you get for your money. What is the yearly service fee and ground rent? Make sure you find out if there is anything that is prohibited in the lease. For instance it is fairly common in Cross Keys leases that pets are not permitted in certain buildings in Cross Keys. If you love the propertyin Cross Keys but your cat can’t live with you then you have a very difficult choice.

As a leasehold owner I am on the hook for a service charge for my appartment in Cross Keys. As a result of poor financial planning I slipped behind with payments. I negotiated a payment schedule but there is still a couple of remaining to be paid.

I am under pressure to sell and I am concerned this can jeopardize the sale if I have to settle the arrears first. I'd like to sell up and then discharge the debt from the proceeds - is this practicable?

The conveyancer conducting your Cross Keys sale will hopefully be able to negotiate with the management company, and agree with them whether or not they would accept payment out of the completion monies. This is an example of why it is sensible to appoint a solicitor in Cross Keys as they are likely to enjoy an established relationship with the management company.