I am need of leasehold conveyancing for an apartment in a fairly new development (6 years built) in Wheatley. The vast majority the appartments have already been occupied. Do I need carry out the conveyancing searches for my conveyancing in Wheatley?

Conveyancing Searches are a central link in the Wheatley conveyancing process. There are a large number of search providers who offer Wheatley conveyancing searches, as well straight from the local authority. These are usually referred to as personal search organisation and they produce, not surprisingly, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authoritative source.

I opted to have a survey completed on a house in Wheatley ahead of instructing lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some banks will refuse to grant a loan on a flying freehold property.

It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you e-mail us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Wheatley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wheatley to see if the conveyancing will be more expensive.

How simple is it to use your search tool to choose a conveyancing solicitor in Wheatley on the approved list for my bank?

1st choose a bank such as Accord Mortgages Ltd, Virgin Money or TSB then type in your preferred area for instance Wheatley. Conveyancing firms in Wheatley and further afield will then be shown.

Having checked my lease I have discovered that there are only 62 years unexpired on my lease in Wheatley. I now wish to extend my lease 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 for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to demonstrate that you have made all reasonable attempts to find the freeholder. In some cases an enquiry agent would be useful to carry out a search and prepare a report which can be accepted by the court as evidence that the landlord can not be located. It is wise to seek advice from a property lawyer both on proving the landlord’s absence and the application to the County Court covering Wheatley.

Wheatley Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to buying

Best to be warned whether redecorating or some other major work is pending that will be shared by the leasehold owners and will materially increase the the maintenance charges or result in a specific payment. How long is the Lease? The best form of lease arrangement is a share of the freehold. In this situation the tenants benefit from being in charge if their destiny and although a managing agent is usually employed where the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves.

I have miscalculated my finances and am a few grand short a 10% deposit on my apartment purchase in Wheatley , but I still want to proceed. Do I have options?

You can agree a lower deposit. Most property owners will agree to 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 minute