My wife and I are due to exchange on the purchase of a property in Stapleton but as a result of wreckage from the recent storms I have managed to agree reparation from the current proprietors in the sum of six thousand pounds in the form of a reduction in the price. This was going to be dealt with as part of amending the contract but Nationwide are not allowing this. Why were they involved?
Any lawyer being on a Nationwide conveyancing panel is required to disclose to Nationwide of any variations to the purchase price. If you were to refuse your conveyancer to report the price change to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new property lawyer for your conveyancing in Stapleton.
Finally the sale completed on my house in Stapleton last November but the buyer keeps texting me to moan that her conveyancer needs to hear from myconveyancer. What should my lawyer have done now that I have sold?
After completion of your house sale your lawyer should deliver the transfer deeds and all additional paperwork to the purchaser's solicitors. Where relevant, your solicitor should also send confirmation that the home loan has been redeemed to the buyers conveyancers. There is unlikely to be post completion procedures peculiar conveyancing in Stapleton.
A colleague suggested that if I am purchasing in Stapleton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Stapleton conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Stapleton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Stapleton.
I have been on the look out for a flat up to £195,000 and found one round the corner in Stapleton I like with amenity areas and station in the vicinity, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Stapleton in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I am a sole trader looking to take an assignment of a lease of a shop on a shopping parade. Can you recommend conveyancers offering no-sale-no costs for non-domestic conveyancing in Stapleton for under £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Stapleton, including the disposal and acquisition of businesses as well as simply property. Whether you are intending to purchase or sell a shop, pub, restaurant, office, retail premises or a complete business we can find you the right firm. As for the costs this will depend on the structure and heads of terms of the proposed transaction. Please provide us with your details or email us so that we can supply you with a detailed commercial conveyancing quote.
My fiance and I may need to sub-let our Stapleton ground floor flat temporarily due to taking a sabbatical. We instructed a Stapleton conveyancing practice in 2002 but they have since shut and we did not think at the time get any advice as to whether the lease prohibits the subletting of the flat. How do we find out?
A lease dictates the relationship between the freeholder and you the flat owner; in particular, it will say if subletting is prohibited, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no expres ban or restriction, subletting is permitted. The majority of leases in Stapleton do not prevent an absolute prevention of subletting – such a clause would adversely affect the market value the flat. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.
Stapleton Leasehold Conveyancing - A selection of Queries Prior to buying
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Best to be warned whether changing the roof or some other significant cost is coming up to be shared between the leaseholders and will dramatically increase the the maintenance charges or require a specific invoice. Generally speaking the outlay for major works are not incorporated into the maintenance charges, although a few managing agents in Stapleton obliged leaseholders to contribute towards a reserve fund created for the specific intention of establishing a fund for larger works. Are any of leasehold owners in arrears of their service charge payments?