Would the conveyancing lawyers that you recommend execute attended exchange conveyancing in Cambridge?
There are a few conveyancing specialists who can conduct 24hr exchanges. You should e-mail us to get a costs illustration and details as to dates.
It is is a decade since I purchased my property in Cambridge. Conveyancing solicitors have just been retained on the sale but I am unable to find the title deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a possibility that the deeds will be kept by the lender or they may stored with the lawyers who acted in the purchase. Secondly in all probability the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Most conveyancing in Cambridge relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
I opted to have a survey completed on a house in Cambridge in advance of instructing conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some banks will refuse to issue a loan on this type of house.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. If you call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Cambridge. Conveyancing will be smoother if you use a solicitor in Cambridge especially if they are accustomed to such properties in Cambridge.
How do I identify a Cambridge law firm on the Leeds Building Society conveyancing panel? I am a keen cyclist and am happy to travel upto 10kilometers to meet the lawyer.
Feel free to make use of the tool on this website. Please pick a mortgage company and your location and you will see a number of Cambridge conveyancing lawyers based on proximity. We have detailed some Cambridge conveyancing firms at the bottom of this page and you can telephone them to check whether they are on the Leeds Building Society panel
I've found a house that seems to meet my requirements, at a great figure which is making it all the more appealing. I have subsequently discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Cambridge. Conveyancing solicitors have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Cambridge ?
The majority of houses in Cambridge are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. We note that you are buying in Cambridge so you should seriously consider looking for a Cambridge conveyancing practitioner and be sure that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’spermission to conduct alterations. You may also be required to pay a service charge towards the upkeep of the communal areas where the house is located on an estate. Your solicitor will advise you fully on all the issues.
I acquired a 1 bedroom flat in Cambridge, conveyancing having been completed 4 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Cambridge with over 90 years remaining are worth £185,000. The average or mid-range amount of ground rent is £65 levied per year. The lease expires on 21st October 2085
You have 60 years remaining on your lease we estimate the price of your lease extension to range between £20,000 and £23,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
Is there a reason that Cambridge conveyancing charges differ for leasehold and freehold properties?
If acquiring a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control