Would the conveyancing solicitors that you recommend carry out right to buy conveyancing in Shenley Church End?
We work with a number of conveyancing solicitors carrying out right to buy conveyancing matters You should contact the lawyers listed to secure a conveyancing quote.
Are the Shenley Church End conveyancing solicitors identified as being on the UBS conveyancing panel, together with their details provided by UBS?
Shenley Church End conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.
What can a local search reveal concerning the property my wife and I purchasing in Shenley Church End?
Shenley Church End conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for instance Onsearch The local search is essential in every Shenley Church End conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search should supply information on, amongst other things, details on planning applications relevant to the property (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 13 subject areas.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Shenley Church End?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Shenley Church End. 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…’
How does conveyancing in Shenley Church End differ for new build properties?
Most buyers of new build property in Shenley Church End approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Shenley Church End typically buy the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Shenley Church End or who has acted in the same development.
I am a negotiator for a busy estate agent office in Shenley Church End where we see a few leasehold sales put at risk as a result of leases having less than 80 years remaining. I have been given conflicting advice from local Shenley Church End conveyancing solicitors. Could you confirm whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I purchased a 1st floor flat in Shenley Church End, conveyancing formalities finalised 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Shenley Church End with an extended lease are worth £192,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease finishes on 21st October 2079
With only 54 years remaining on your lease the likely cost is going to range between £32,300 and £37,400 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.