Why is leasehold purchase conveyancing in Fenton is more expensive?

Fenton leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

Do I select a Licenced Conveyancer or Solicitor for conveyancing in Fenton?

There are many recorded licenced Conveyancers in Fenton and Solicitor firms in Fenton offering conveyancing We would stress that the two are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. The two can conduct associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.

We have a mortgage agreed in principle with Leeds Building Society. Fenton conveyancing solicitors are instructed. How long does it take for Leeds Building Society to forward the offer to the conveyancer?

Some lenders take longer than others. Have Leeds Building Society completed the survey? Have you advised Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.

I have decided to exercise my right to buy my property in Fenton off the council. I have a mortgage agreed with Yorkshire BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?

It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.

Due to the advice of my in-laws I had a survey completed on a property in Fenton before appointing solicitors. I have been told that there is a flying freehold element to the house. The surveyor has said that some mortgage companies tend not give a mortgage on such a home.

It varies from the lender to lender. HSBC has different requirements from Nationwide. If you e-mail us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Fenton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Fenton to see if the conveyancing costs will increase in light of this.

How can the Landlord & Tenant Act 1954 impact my business property in Fenton and how can you help?

The particular law that you refer to affords protection to commercial leaseholders, granting the right to apply to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Fenton

I have just appointed agents to market my garden flat in Fenton. Conveyancing lawyers have not yet been instructed, but I have just had a half-yearly service charge demand – should I leave it to the buyer to sort out?

It best that you clear the invoice as normal given that all ground rent and service charges should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

Fenton Conveyancing for Leasehold Flats - A selection of Queries before buying

The majority of Fenton leasehold apartments will be liable to pay a service bill for maintenance of the building set on behalf of the freeholder. Should you buy the flat you will have to pay this charge, normally periodically throughout the year. This may differ from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common areas. In all likelihood there will be a ground rent for you to pay yearly, normally this is not a exorbitant amount, say approximately £25-£75 but you need to enquire it because sometimes it could be many hundreds of pounds. The answer will be useful as a) areas can result in problems for the building as the common areas may begin to deteriorate if maintenance are not paid for b) if the leaseholders have an issue with the managing agents you will wish to have all the details What is the name of the managing agents?