The lawyer who dealt with my former purchase has given a fee calculation of £1400 for freehold conveyancing in Stansted. I’m hoping to sell a purpose built property for £200,000. Is this too much? Is it above the average fee for conveyancing in Stansted?
The estimate does seem a tad overpriced. If you shop around you might reduce the fees marginally by say a hundred pounds. That being said, you couldcome to rue choosing an an unknown conveyancer. Remember to ensure that the conveyancer can also act for your mortgage company. You can make use of our search tool to locate a Stansted conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Stansted.
My aunt advised me that in buying a property in Stansted there could be a number of restrictions prohibiting external changes to the property. Is this right?
We are aware of anumerous of properties in Stansted which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Stansted should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We are aiming to move house in December. Will my conveyancing solicitor communicate with the removal company on the completion day. On a separate note, can you put forward a removal company in Stansted. Conveyancing solicitor was organised before I stumbled across this website.
On the day of completion you can pick up the house keys from your estate agent but this can only be done after the sellers conveyancers confirm to the agent that the monies to complete are in and the keys can be collected. Subsequently you can advise the removal men that they can start moving you in. We do not recommend a particular removal company but can help you choose a residential property solicitor in Stansted or a legal practice that specialises in conveyancing in Stansted.
After what seems like an age I have had an offer on a flat in Stansted accepted, but there is a chain. The sellers have placed an offer on on an apartment, however it’s not yet agreed to, and have viewings of other properties in the pipeline. I have chosen a local conveyancing solicitor in Stansted. What do I do now? At what stage should I apply for the mortgage with UBS?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then valuation, Stansted conveyancing search charges, etc). First, you must check that your conveyancer is on the UBS approved list. Regarding the subsequent stages this very much dictated by the specifics of your case, attraction to this property and on the state of the market. During a buoyant market some purchasers would apply for the mortgage with UBS and arrange for the valuation and only if it comes back ok would they request their solicitor to move forward with searches.
What will a local search tell me about the house we're purchasing in Stansted?
Stansted conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company such as PSG The local search is essential in every Stansted conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your property. The search will supply information on, amongst other things, details on planning applications relevant 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.
About to purchase a new build apartment in Stansted. Conveyancing is necessary evil 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 few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Stansted
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Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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. Please confirm the Lease plans are surveyor prepared.
Can you provide any top tips for leasehold conveyancing in Stansted with the intention of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Stansted can be reduced where you appoint lawyers as soon as you market your property and ask them to collate the leasehold information which will be required by the buyers’ solicitors. If you have had conflict with your landlord or managing agents it is essential that these are settled prior to the flat being put on the market. The buyers and their solicitors will be concerned about purchasing a flat where there is a current dispute. You will have to accept that you will have to pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is better to present the dispute as historic as opposed to unsettled. You believe that you know the number of years remaining on your lease but it would be advisable verify this by asking your lawyers. A purchaser's lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the lease term is less than 75 years. It is therefore important at an as soon as possible that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. Many freeholders or managing agents in Stansted charge for providing management packs for a leasehold home. You or your lawyers should discover the actual amount of the charges. The management pack sought on or before finding a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Stansted.
Stansted Leasehold Conveyancing - Examples of Questions you should consider Prior to buying
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Is there a share of the freehold? It would be prudent to find out as much as possible concerning the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to day to day issues such as the cleanliness of the communal areas. Enquire of other people what they think of their service. On a final note, be sure you know the dates that the service fees are due to the relevant party and precisely how they are spending that money. Best to be warned whether window replacement or some other significant cost is due in the foreseeable future to be shared by the leaseholders and could well materially impact the level of the maintenance costs or necessitate a one time payment.
We own a leasehold flat in Stansted. Conveyancing was finished in five years ago. I have read on a number of consumer forums that I should not allow the the remaining lease term to fall too short. What is the reasoning?
Stansted residential long term leases are for a fixed term - often 99 years when they commenced. However a significant flats in Stansted were built or converted 25 or more years ago and so such leases now have under eighty years remaining. That may seem like a long time however Banks, Building Societies and other mortgage lenders tend to need leases to have a minimum of 75 years unexpired to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are nearing seventy five years. To optimize your property value you should be thinking about whether to extend your lease long before you come to sell it. You should note that there are significant benefits to doing so before the lease reaches even 80 years as when the lease falls below eighty years the amount you have to pay to extend starts to get a lot more expensive.