I am in a contract race with another prospective purchaser for a property in Osidge. What can I do to hasten the conveyancing process?

In the event that you are under pressure to sign contracts it is advisable to make sure that your conveyancer is familiar with the area as they will make use of local contacts and knowledge. It is even conceivable that they may have handled otherproperties in the same neighbourhood. Therefore consider using a Osidge conveyancing solicitor. In addition, double check that the conveyancing firm is on the on the approved list for your mortgage company. It is claimed that nearly one in five of Osidge conveyancing deals are delayed or derailed after finding out that a purchaser’s solicitor was not on their mortgage lender’s panel. This can often result in the conveyancing being frustrated by almost three weeks. It is understood that this issue impacts approximately one hundred thousand home sales every year. Many Osidge conveyancing firms can not represent certain mortgage companies so do check as early as possible.

Are there restrictive covenants that are commonly identified as part of conveyancing in Osidge?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Osidge. 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've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. Osidge is where the house is located. Can you offer any opinion?

Flying freeholds in Osidge are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Osidge you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Osidge may ascertain 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 property.

Looking forward to complete next month on a leasehold property in Osidge. Conveyancing solicitors inform me that they are sending me a report next week. What should I be looking out for?

The report on title for your leasehold conveyancing in Osidge should include some of the following:

Changes to the flat The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Who has the liability to repair and maintain the main walls and foundations. It is essential for you to know who is liable for the repair and maintenance of every part of the building Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice?

My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Osidge. Can the Leasehold Valuation Tribunal adjudicate on premiums?

Most definitely. We are happy to put you in touch with a Osidge conveyancing firm who can help.

An example of a Freehold Enfranchisement case for a Osidge flat is 23 Beaconsfield Road in July 2013. The Tribunals decided that the amount payable was £31,203 for the freehold. This case related to 2 flats. The unexpired residue of the current lease was 70.31 years.

I am short of a 10% deposit on my flat purchase in Osidge , but I am anxious exchange. What can I do?

You can agree a lesser deposit. Many sellers will accept a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment