Can the conveyancing practitioners identified via your search tool carry out auction conveyancing in Newark on Trent?

There are a number of auction lawyers we can connect you with those specialising in auction conveyancing. Newark on Trent is one of our locations where our lawyers cover.

My wife and I own a terraced Georgian house in Newark on Trent. Conveyancing lawyer acted for me and Norwich and Peterborough Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the matching property. Is it worth asking Norwich and Peterborough Building Society to clarify?

You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Newark on Trent and other areas of 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 lenders. You can also check the situation with the conveyancing lawyer who conducted the conveyancing.

Just had an offer accepted on a new build flat in Newark on Trent. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Newark on Trent

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.

I have been pointed in your direction by a few estate agents in Newark on Trent to get a quote from a property lawyer using your seach tool. What’s the financial inducement for Estate Agents to offer your services over another?

We refuse to make any commission for directing people to this site. We found it would be just too difficult to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.

I am looking at a two maisonettes in Newark on Trent which have about 50 years left on the lease term. Should I regard a short lease as a deal breaker?

A lease is a right to use the premises for a prescribed time frame. As a lease shortens the marketability of the lease reduces and it becomes more expensive to acquire a lease extension. For this reason it is often a good idea to extend the lease term. It is often difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this field.

Newark on Trent Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing

It is important to be aware if a new roof is being put on or some other significant cost is due shortly that will be shared by the leaseholders and could well materially impact the level of the service costs or result in a specific invoice. What is the name of the managing agents? Are any of leasehold owners in dispute over their service charge liability?