When can the exchange of contracts take place for domestic conveyancing in Danbury and do I need to be at the lawyers office?
Where you are in close proximity to one of the conveyancing solicitors in Danbury you are welcome to attend to sign documents. That being said, the law practices we work with offer a national conveyancing service and give as equally comprehensive and professional a job for you when dealing with you by post or email. The signing of the contract is not when everything is set in stone. Signing on the dotted line simply enables the solicitor to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Danbury)to be in the office available at the end of the phone to exchange contracts.
About to place an offer on a leasehold apartment in Danbury. The selling agents tell me that it is normal for flats in Danbury to have less than 75 years left on the lease. I am expecting a loan with Accord Mortgages. Will the property be mortgageable given that the lease has 72 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 20/3/2025 the requirements read as follows :
I have todaydiscovered that Action Conveyancing have closed. They carried out my conveyancing in Danbury for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The quickest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Danbury conveyancing specialists.
How does conveyancing in Danbury differ for new build properties?
Most buyers of new build residence in Danbury approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in Danbury typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Danbury or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Danbury is the location of the property. Can you shed any light on this issue?
Flying freeholds in Danbury are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Danbury you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Danbury may determine 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 premises.
I am in need of some leasehold conveyancing in Danbury. Before I set the wheels in motion I would like to find out the remaining lease term.
If the lease is registered - and 99.9% are in Danbury - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Danbury Leasehold Conveyancing - A selection of Questions you should ask before buying
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It would be prudent to discover if the the lease includes any adverse restrictions in the lease. For example it is reasonably common in Danbury leases that pets are not permitted in certain buildings in Danbury. If you love the propertyin Danbury however your cat is not allowed to move with you then you have a very difficult compromise. Many Danbury leasehold properties will be liable to pay a service charge for maintenance of the building invoiced on behalf of the freeholder. If you acquire the flat you will have to meet this liability, normally in instalments during the year. This could differ from a few hundred pounds to thousands of pounds for buildings with lifts and large common grounds. In all likelihood there will be a ground rent for you to pay yearly, this is usually not a significant sum, say about £50-£100 but you should to check it because on occasion it can be many hundreds of pounds. The answer will be important as a) areas may result in problems in the block as the communal areas may begin to deteriorate if repairs are not paid for b) if the leasehold owners have an issue with the running of the building you will want to know about it