At what point will exchange of contracts take place for residential conveyancing in Frinton and Walton and do I need to attend the conveyancers office?

If you are near to one of the conveyancing solicitors in Frinton and Walton you are welcome to attend to sign the paperwork. That being said, the firms we recommend offer a national conveyancing service and provide as equally detailed and professional a job for you when communicating with you by post or email. The executing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Frinton and Walton)to be in the office at the appropriate time.

I purchased a 4 bedroom Victorian property in Frinton and Walton. Conveyancing lawyer represented me and Virgin Money. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold under the exact same address. 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 Frinton and Walton and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing practitioner who completed the work.

I'm purchasing a new build house in Frinton and Walton with a loan from Bank of Scotland. The sellers would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not to tell my solicitor about this extras as it may adversely affect my loan with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I've recently bought a leasehold house in Frinton and Walton. Am I liable to pay service charges relating to a period prior to my ownership?

Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Frinton and Walton Conveyancing for Leasehold Flats - Sample of Queries Prior to Purchasing

This information is important as a) areas may cause problems in the block as the common areas may start to deteriorate where services are not paid for b) if the leasehold owners have an issue with the running of the building you will need to know about it Is anyone aware of any major works anticipated that will likely increase the maintenance fees? It would be prudent to investigate if the the lease includes any adverse restrictions in the lease. For instance it is fairly common in Frinton and Walton leases that pets are not permitted in in a block in Frinton and Walton. If you like the flatin Frinton and Walton yet your dog is not allowed to make the move with you then you will be faced hard choice.

I have just appointed agents to market my ground floor flat in Frinton and Walton.Conveyancing lawyers have not yet been instructed however I have just received a quarterly maintenance charge demand – what should I do?

Your conveyancing lawyer is likely to suggest that you should clear the invoice as usual because all rents and service invoices should be allottedon completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until 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