Just contacted my conveyancing lawyer in Ampthill who acted for me two years ago requesting a conveyancing costs illustration based on an identical type of house move (a leasehold residence and a freehold property) of similar values with a loan from Nottingham Building Society. I am now being quoted double. Should I hunt for an alternative property lawyer?
The quote is slightly on the high side. If you you were to look around you could shave off some of the cost by perhaps £100 plus VAT. That being said, assuming were satisfied with the conveyancing the firm gave you couldlive to rue choosing an an untested solicitor. Don't forget to be sure that the firm can act for Nottingham Building Society. Do utilise our search tool to locate a Ampthill conveyancing firm on the Nottingham Building Society approved list of lawyers, which can often include conveyancing solicitors in Ampthill.
Can the conveyancing solicitors listed on your site execute attended exchange conveyancing in Ampthill?
There are a few conveyancing specialists carrying out one day exchanges. You should contact us to obtain a conveyancing quote and details as to availability.
Just had an offer accepted on a new build apartment in Ampthill. Conveyancing is a frightening process 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 legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Ampthill
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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. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a quick, no chain conveyancing. Ampthill is where the house is located. Can you shed any light on this issue?
Flying freeholds in Ampthill are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ampthill you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ampthill may decide 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 residence.
My father has suggested that I use his conveyancing solicitors in Ampthill. Should I use them?
No doubt the ideal way to choose a conveyancing solicitor is to seek referrals from friends or relatives who have used the firm you're considering.
I work for a reputable estate agent office in Ampthill where we have experienced a number of leasehold sales jeopardised due to short leases. I have received conflicting advice from local Ampthill conveyancing firms. Please can you shed some light as to whether the vendor of a flat can instigate the lease extension process for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Ampthill Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying
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How many years are left on the lease? Best to be warned whether window replacement or some other significant cost is due in the near future to be shared amongst the leasehold owners and will materially impact the level of the service fees or require a one time invoice. On the whole the outlay for major works tend not to be included within maintenance charges, although there some managing agents in Ampthill ask leasehold owners to contribute towards a sinking fund and this is used to offset against major repairs or maintenance.