Why do I have to pay up front for my conveyancing in Parson Cross?

Where you are retaining lawyers for conveyancing in Parson Cross your solicitor will request that you put them with monies to cover the the cost of the conveyancing searches. Ordinarily this is needed to cover the fees of the Local Authority Search. If any deposit is as part of the sale price then this should be needed immediately prior to exchange of contracts. The final balance that is needed will be payable a few days ahead of the completion date.

I am buying a new build flat in Parson Cross. 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.

Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Parson Cross

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.

Due to the advice of my in-laws I had a survey completed on a property in Parson Cross ahead of retaining solicitors. I have been informed that there is a flying freehold element to the house. My surveyor has said that some lenders will not give a loan on this type of premises.

It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Parson Cross. Conveyancing will be smoother if you use a solicitor in Parson Cross especially if they regularly deal with such properties in Parson Cross.

My husband and I are FTB’s - agreed a price, yet the agent has warned us that the owners will only move forward if we use their preferred lawyers as they need an ‘expedited deal’. We would rather use a high street conveyancer used to conveyancing in Parson Cross

We suspect that the owner is unaware of this request. If they desire ‘a quick sale', alienating a motivated buyer is likely to cause more damage than good. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you are going to appoint your preferred Parson Cross conveyancing solicitors - not the ones that will provide their negotiator at the agency a referral fee or meet his conveyancing targets pre-set by corporate headquarters.

What are your top tips when it comes to appointing a Parson Cross conveyancing practice to carry out our lease extension conveyancing?

If you are instructing a property lawyer for lease extension works (regardless if they are a Parson Cross conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We suggest that you speak with several firms including non Parson Cross conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:

Can they put you in touch with clients in Parson Cross who can give a testimonial?

Parson Cross Leasehold Conveyancing - Sample of Questions you should ask Prior to buying

You will want to discover as much as you can about the managing agents as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to every day matters such as the cleanliness of the communal areas. You should not be shy to ask other tenants whether they are happy with them. In conclusion, investigate as to the dates that the maintenance charges are due to the managing agents and precisely how they are spending the funds. For most Parson Cross leaseholds the outlay for major works are not included within maintenance charges, although some managing agents in Parson Cross require leasehold owners to pay into a sinking fund and this is used to offset against larger works.