I am assisting my mother sell her flat in Sawbridgeworth. Will the solicitor order the EPC or it is for the seller to see to?
After the demise of Home Packs, energy assessments was maintained a mandatory component of moving property. An EPC needs to be commissioned in advance of the property being marketed. This is not something that law firms normally organise. If you are using a Sawbridgeworth conveyancing practitioner they may be able to arrange EPC’s due to their relationships with long established local providers
I currently have a mortgage with Lloyds for my property in Sawbridgeworth. Conveyancing was finalised a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Lloyds?
Lloyds must be informed of your intention before letting out your property as this is likely to be a breach of Lloyds’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Lloyds directly. It should not be necessary to do this via a Lloyds conveyancing panel solicitor.
I am due to exchange contracts on my flat. I had a double glazing fitted in December 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Nottingham are being a right pain. The Sawbridgeworth solicitor who is on the Nottingham conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Nottingham are requiring a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
What will a local search tell me about the property we're purchasing in Sawbridgeworth?
Sawbridgeworth conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search organisations for example PSG The local search plays a central part in many a Sawbridgeworth conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your new home. The search should supply information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
I have recentlybecome aware that Stirling Law have been shut down. They conducted my conveyancing in Sawbridgeworth for a purchase of a leasehold flat 9 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?
The easiest method to see if the property is registered to you, 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 Sawbridgeworth conveyancing specialists.
I have been on the look out for a flat up to £245,000 and found one round the corner in Sawbridgeworth I like with amenity areas and station in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Sawbridgeworth in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
In my capacity as executor for the will of my grandfather I am selling a residence in Swansea but I am based in Sawbridgeworth. My conveyancer (based 200 miles from merequires that I execute a statutory declaration before completion. Could you suggest a conveyancing lawyer in Sawbridgeworth to attest and place their company stamp on the document?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are Sawbridgeworth based
I am tempted by the attractive purchase price for a couple of maisonettes in Sawbridgeworth which have about fifty years left on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Sawbridgeworth. The lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the marketability of the lease decreases and it becomes more expensive to acquire a lease extension. This is why it is advisable to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this area.
I bought a studio flat in Sawbridgeworth, conveyancing having been completed August 2004. How much will my lease extension cost? Equivalent flats in Sawbridgeworth with a long lease are worth £260,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2099
With only 74 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.