It has come to my attention via my estate agent that my Stanstead Abbotts solicitor is not on the bank Solicitor panel. How can I be sure if this is correct?
The sensible course of action for you to take is to contact your Stanstead Abbotts conveyancer. It is reasonable to expect your lawyer to advise you what has happened. Where they are not on the panel they may be able to suggest a Stanstead Abbotts conveyancing practice that is on the approved list of lawyers for your mortgage company.
Do the conveyancing lawyers listed on your site carry out attended exchange conveyancing in Stanstead Abbotts?
There are a few conveyancing experts who can conduct personalised exchanges. Do call us to obtain a conveyancing quote and details as to availability.
Have purchased a a semi-detached house in Stanstead Abbotts , how long will it take for the Land Registry to deal with the formalities evidencing my ownership? My Stanstead Abbotts conveyancing solicitor has been painfully slow, so I want to check the registration is dealt with.
There is nothing unique about conveyancing in Stanstead Abbotts registration formalities. Rather than based on location, timeframes can adjust subject to who lodges the application, whether there are errors and whether the Land registry communicate with any 3rd parties. At present roughly three quarters of submission are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Registration is effected after the new owner has moved in to the premises therefore an expedited registration is not always primary concern yet if there is a degree of urgency associated with the registration then you or your conveyancer can communicate with the Registry to express the reasoning for an expedited registration.
I am buying a new build flat in Stanstead Abbotts. 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 conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Stanstead Abbotts
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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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. 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.
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Stanstead Abbotts is the location of the property. Can you shed any light on this issue?
Flying freeholds in Stanstead Abbotts are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stanstead Abbotts you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stanstead Abbotts 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 property.
I am looking at a two flats in Stanstead Abbotts which have approximately forty five years left on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the premises for a period of time. As the lease gets shorter the saleability of the lease deteriorates and it becomes more costly to acquire a lease extension. This is why it is advisable to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this field.
I acquired a basement flat in Stanstead Abbotts, conveyancing formalities finalised November 2007. Can you work out an approximate cost of a lease extension? Corresponding flats in Stanstead Abbotts with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ends on 21st October 2094
You have 69 years unexpired the likely cost is going to span between £9,500 and £11,000 plus costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.