I am need of leasehold conveyancing for an apartment in a relatively new development (five years old) in New Southgate. The vast majority the flats have already been disposed of. Is it really necessary to order neighbourhood searches for my conveyancing in New Southgate?
If you getting a mortgage, your bank will need some (many) of the searches so you'll have no choice. If not, then New Southgate conveyancing searches are for you to decide upon. Your solicitor, will 'advise', perhaps strongly, that you should have the searches done, but he or she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or you will need to swap to an alternative solicitor for your conveyancing in New Southgate.
I have a renovated Victorian property in New Southgate. Conveyancing practitioner represented me and . I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to review 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 New Southgate and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing lawyer who carried out the work.
I opted to have a survey completed on a property in New Southgate prior to appointing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some banks may not give a loan on such a home.
It depends who your proposed lender is. Santander has different requirements from Halifax. If you contact us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in New Southgate. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in New Southgate to see if the conveyancing will be more expensive.