Do the Building Society Association intend to launch a searchable register to to identify law firms on the Earl Shilton BS conveyancing panel for instance in Fenny Stratford?
Lexsure has not been advised of any plans on the part of the BSA to develop such a tool.
I am selling our property in Fenny Stratford and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any high street Fenny Stratford conveyancer would know this is not the case. It does beg the question why the buyers instructed a national conveyancing firm rather than a conveyancing solicitor in Fenny Stratford. Having lived in Fenny Stratford for six years we know of no issue. Should we contact our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor already. What do they say? You need to 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 sickness)
The estate agent has sent us the confirmation of our purchase of a new build flat in Fenny Stratford. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Fenny Stratford
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. 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. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Fenny Stratford is the location of the property. Can you offer any guidance?
Flying freeholds in Fenny Stratford are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fenny Stratford you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fenny Stratford may decide 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 own a leasehold house in Fenny Stratford. Conveyancing and National Westminster Bank mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Fenny Stratford who acted for me is not around. What should I do?
The first thing you should do is contact the Land Registry to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. You do not need to instruct a Fenny Stratford conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a split level flat in Fenny Stratford, conveyancing was carried out in 2012. Can you work out an approximate cost of a lease extension? Corresponding properties in Fenny Stratford with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £45 levied per year. The lease expires on 21st October 2100
You have 75 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 as well as costs.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.
Me and my partner have recently had an offer accepted on a house and had an appointment on Tuesday with the Post Office for the mortgage. They warned me that when it comes to appointing a property lawyer that unless they are on their approved panel of conveyancing practitioners then we will have to pay out a further fee of about two hundred pounds. This is is due to the fact that they would then have to appoint a property lawyer to act for them in addition to the one we appoint on our behalf and we will be on the hook for their invoice. I have asked the Post Office to send me with a list so I can obtain estimates only from their approved solicitors but was told they dont have such a list to hand over. Is there a list online?
Ask the Post Office what their panel criteria is for a conveyancer.Thereafter ask the property lawyer of your choice whether they fit that criteria and have they acted on loans for the Post Office historically. Where the answer to those is yes, then just double check with the Post Office. Alternatively please make use of our search tool and we may be able to identify a solicitor in Fenny Stratford on the panel for the Post Office.