Our lender has recommended solicitors on their panel based in Little Burstead but I would rather use a conveyancing lawyer in Little Burstead local to me. Can you assist?

The minority of Little Burstead conveyancing solicitors are on all banks conveyancing panel. Do make the most of our find an approved solicitor tool to locate a Little Burstead conveyancing firm on the on the bank panel.

I have been told that property searches are the primary reason for obstruction in Little Burstead house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays during the legal transfer of property. Searches are unlikely to feature in any holding up conveyancing in Little Burstead.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Little Burstead. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Little Burstead

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.

Over the last few months I have been searching for a flat up to £195,000 and identified one close by in Little Burstead I like with open areas and transport links nearby, however it's only got 52 years on the lease. I can't really find anything else in Little Burstead in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?

Should you require a home loan the shortness of the lease will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.

I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a great figure which is making it all the more appealing. I have just found out that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Little Burstead. Conveyancing lawyers have not yet been instructed. Will they explain the issues?

The majority of houses in Little Burstead are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are purchasing in Little Burstead in which case you should be shopping around for a Little Burstead conveyancing practitioner and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’spermission to carry out alterations. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is part of an estate. Your solicitor should appraise you on the various issues.

Leasehold Conveyancing in Little Burstead - Examples of Questions you should ask Prior to Purchasing

Does the lease have onerous restrictions? The best form of lease structure is where the freehold reversion is owned by the leaseholders. In this arrangement the leaseholders have control and although a managing agent is frequently retained where the building is larger than a house conversion, the managing agent acts for the leaseholders themselves. Plenty Little Burstead leasehold properties will incur a service charge for maintenance of the building levied by the management company. Should you buy the apartment you will have to pay this liability, normally quarterly accross the year. This could vary from several hundred pounds to thousands of pounds for buildings with lifts and large common areas. There will also be a rentcharge to be met yearly, this is usually not a significant figure, say approximately £50-£100 but you should to check it because occasionally it could be many hundreds of pounds.