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Find a Forest of Dean Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Forest of Dean

The estate agent has sent us the confirmation of our purchase of a new build apartment in Forest of Dean. 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 conveyancing.

Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Forest of Dean

    There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.

I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a simple, no chain conveyancing. Forest of Dean is where the house is located. What do you suggest?

Flying freeholds in Forest of Dean are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Forest of Dean you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Forest of Dean may decide 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 residence.

What does commercial conveyancing in Forest of Dean cover?

Forest of Dean conveyancing for business premises covers a wide range of guidance, offered by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.

I have recently realised that I have 68 years unexpired on my flat in Forest of Dean. I need to get lease extension but my landlord is can not be found. What should I do?

If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. You will be obliged to demonstrate that you have done all that could be expected to find the freeholder. On the whole an enquiry agent would be helpful to conduct investigations and to produce an expert document to be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a property lawyer in relation to devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Forest of Dean.

I bought a 2 bed flat in Forest of Dean, conveyancing having been completed 7 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Forest of Dean with a long lease are worth £195,000. The ground rent is £45 per annum. The lease finishes on 21st October 2088

You have 63 years unexpired we estimate the premium for your lease extension to range between £16,200 and £18,600 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.

I have been told by numerous estate agents that it can take 6-8 weeks for Forest of Dean conveyancing to complete.This was a month ago. The draft contract was only received from the vendors lawyer last week so now does it countdown?

One should take with a grain of salt any assurance as to fast completion times. Instead ask the average time it takes for them to complete Forest of Dean conveyancing transactions and if they are happy to work towards an agreed target date for your conveyancing in Forest of Dean

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