I am purchasing a house for cash in Bourne End. I have resided for the previous twelve years in Bourne End. Conveyancing searches are a lot of money. As I know the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then almost all of the Bourne End conveyancing searches are optional. Your solicitor will ’encourage you, perhaps strongly, that you should have searches completed, but she is duty bound to do this. One thing to take into account; if you are intend to sell the house one day, it could be of interest to your future buyer what the searches reveal. There are plenty of instances where houses with day to day issues can still reveal detrimental search results. A competent conveyancing solicitor in Bourne End will be able to give you some constructive advice in this regard.
We see that you have a post code search directory identifying firms on the Santander conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Bourne End?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bourne End.
I am selling our property in Bourne End and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A high street Bourne End lawyer would know this is not the case. It does beg the question why the purchasers are using a factory type conveyancing firm rather than a conveyancing solicitor in Bourne End. We have lived in Bourne End for 5 years we know that this is a non issue. Should we get in touch with our local Authority to seek clarification need.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
Are there restrictive covenants that are commonly picked up as part of conveyancing in Bourne End?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Bourne End. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
We're novice buyers - had an offer accepted, but the agent informed us that the seller will only issue a contract if we instruct their recommended solicitors as they want an ‘expedited deal’. We would rather use a family conveyancer who is accustomed to conveyancing in Bourne End
We suspect that the owner is not behind this ultimatum. If they desire ‘a quick sale', turning down a serious buyer is going to damage their objectives. Speak to the owners direct and make the point that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you intend to instruct your own,trusted Bourne End conveyancing firm - not the ones that will give their estate agent a referral fee or achieve conveyancing figures demanded by HQ.
I work for a reputable estate agency in Bourne End where we have witnessed a few leasehold sales put at risk as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Bourne End conveyancing firms. Could you confirm whether the vendor of a flat can commence 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 kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder 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 purchaser.
I acquired a 1 bedroom flat in Bourne End, conveyancing was carried out 6 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Bourne End with over 90 years remaining are worth £195,000. The ground rent is £45 charged once a year. The lease finishes on 21st October 2088
You have 63 years unexpired the likely cost is going to be between £16,200 and £18,600 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.