Forgive me if this question is silly but I am new to the home moving as a 1st time buyer of a garden flat in Fenny Stratford. Do I pick up the keys to the property on the completion date from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Fenny Stratford?
On the day of completion you will not be required to go to the conveyancers office in Fenny Stratford. Conveyancing lawyers for you will electronically transfer the completion advance to the seller's conveyancers, and once they have received this, you will be invited to receive the keys from the Estate Agents and start moving into the property. This tends to happen between 1 and 3pm.
Can you help - my lawyer says that lack of building regulations insurance is needed on my purchase. What is the level of cover for Fenny Stratford conveyancing?
The appropriate level of lack of building regulations indemnity insurance depends on your lender. It would differ for example between National Westminster Bank and Virgin Money. Conveyancing lawyers as opposed to borrowers take out such insurances.
I have decided to exercise my right to buy my property in Fenny Stratford off the council. I have a mortgage offer with Bank of Ireland. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
I require quick conveyancing in Fenny Stratford as I am faced with pressure to sign on the dotted line inside one month. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are not getting a mortgage you have the choice not to have searches conducted although no law firm would recommend that you don't. With lots of history conveyancing in Fenny Stratford the following are examples of issues that can arise and adversely impact future mortgageability: Enforcement Notices, Outstanding Fees, Outstanding Grants, Railway Schemes,...
Are there restrictive covenants that are commonly picked up during conveyancing in Fenny Stratford?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Fenny Stratford. 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…’
I am looking for a flat up to £235,500 and found one close by in Fenny Stratford I like with a park and transport links in the vicinity, however it only has 51 remaining years left on the lease. I can't really find anything else in Fenny Stratford suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
As co-executor for the will of my father I am selling a house in Neath but live in Fenny Stratford. My lawyer (who is 300 miles awayrequires that I sign a statutory declaration ahead of completion. Can you recommend a conveyancing solicitor in Fenny Stratford who can witness this legal document for me?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are located in Fenny Stratford
I have just appointed agents to market my ground floor flat in Fenny Stratford. Conveyancing has not commenced, but I have recently received a quarterly service charge demand – should I leave it to the buyer to sort out?
It best that you pay the maintenance contribution as normal because all rents and maintenance charges should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I purchased a 2 bed flat in Fenny Stratford, conveyancing having been completed June 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Fenny Stratford with over 90 years remaining are worth £165,000. The ground rent is £50 levied per year. The lease comes to an end on 21st October 2102
With just 77 years left to run we estimate the price of your lease extension to be between £7,600 and £8,800 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.