In the event thatI were to purchase a freehold homein Braintree for cash and have no survey and no local authority searches how much would I expect to to save on my conveyancing in Braintree?
Any savings you would make would be isolated to the Braintree conveyancing searches. The conveyancer still be obliged to do everything else - money laundering, communicating with your vendors lawyer, stamp duty submission, register the title etc. You might save a bit for them not needing to register a mortgage however it will not be a lot.
Why is leasehold purchase conveyancing in Braintree costs more?
Braintree leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I need some quick conveyancing in Braintree as I am under pressure to exchange contracts in less than 4 weeks. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not obtaining a mortgage you have the choice not to do searches although no law firm would suggest that you don't. Drawing on years of experience of conveyancing in Braintree the following are examples of what can arise and adversely affect the marketability of the property: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
The estate agent has sent us the confirmation of our purchase of a new build apartment in Braintree. Conveyancing is daunting 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 legal work.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Braintree
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants.
As co-executor for the estate of my father I am selling a residence in Neath but I am based in Braintree. My solicitor (approximately 200 miles awayhas requested that I execute a statutory declaration ahead of completion. Can you recommend a conveyancing practitioner in Braintree who can witness this legal document for me?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are based in Braintree
Completion is due on our sale of a £250,000 garden flat in Braintree in 8 days. The landlords agents has quoted £384 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in Braintree?
Braintree conveyancing on leasehold flats normally necessitates the purchaser’s lawyer submitting questions for the landlord to answer. Although the landlord is not legally bound to answer these enquiries the majority will be willing to assist. They are at liberty to levy a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is £350, in some transactions it is above £800. The administration charge invoiced by the landlord must be sent together with a summary of entitlements and obligations in relation to administration charges, without which the charge is technically not due. Reality however dictates that you have no option but to pay whatever is requested of you should you wish to sell the property.
Braintree Conveyancing for Leasehold Flats - Sample of Questions you should consider before Purchasing
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How much is the annual maintenance fee and ground rent? Plenty Braintree leasehold properties will be liable to pay a service charge for maintenance of the building set by the management company. If you purchase the apartment you will have to meet this charge, normally in instalments accross the year. This can differ from two or three hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. In all likelihood there will be a ground rent for you to pay yearly, this is usually not a significant amount, say approximately £50-£100 but you should to enquire it because on occasion it can be many hundreds of pounds. On the whole the cost for major works tend not to be incorporated into the maintenance charges, although there some managing agents in Braintree obliged leasehold owners to contribute towards a reserve fund created for the specific purpose of building a fund for major repairs or maintenance.