Much to our surprise we have been informed by our lender that my Stevenage lawyer is not on the mortgage company Solicitor panel. How can I be sure if this is correct?
The first thing you need to do is to contact your Stevenage lawyer directly. It is reasonable to expect your lawyer to inform you what has happened. If they are not on the panel they may be able to suggest a Stevenage conveyancing practice that is on the conveyancing panel for your bank.
I am looking for a leasehold apartment up to £235,500 and identified one round the corner in Stevenage I like with a park and station in the vicinity, the downside is that it only has 51 years on the lease. I can't really find anything else in Stevenage in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
How does the Landlord & Tenant Act 1954 affect my commercial offices in Stevenage and how can your lawyers assist?
The 1954 Act affords a safeguard to commercial tenants, granting the right to make a request to court for a renewal tenancy and remain in occupation when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Stevenage is one of our numerous locations in which our lawyers are located
I need to retain a conveyancing solicitor for my conveyancing in Stevenage. I've land on a web site which looks to be the perfect answer If there is a chance to get all formalities completed via phone that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What advice can you give us when it comes to finding a Stevenage conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for your lease extension (regardless if they are a Stevenage conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Stevenage conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
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Can they put you in touch with clients in Stevenage who can give a testimonial? What are the charges for lease extension conveyancing?
Stevenage Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
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Best to be warned whether fixing the lift or some other major work is due in the near future to be shared between the tenants and could well materially increase the the maintenance fees or result in a specific payment. Its a good idea to discover as much as possible concerning the managing agents as they will affect your use and enjoyment of the property. As the owner of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to daily matters like the cleanliness of the communal areas. Ask other tenants what they think of them. On a final note, be sure you discover the dates that the maintenance fees are due to the managing agents and precisely what it includes. How is the lease structured?
The lawyers conducting our conveyancing in Stevenage has forwarded papers to review that state the property is unregistered with epitome documents. How can it be that the property not currently recorded at the Land Registry?
Although the vast majorities of properties in Stevenage are now registered with HMLR there are still a few that are unregistered. Any property in Stevenage that has been transferred since the late 1980’s will have been registered at the HMLR under the compulsory ‘first registration’ scheme. However, if a Stevenage property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Many Stevenage conveyancing lawyers will be familiar with this type of conveyancing but in the event that uncertainty prevails the standard proposition these days is for the vendor’s solicitor to register it first and then deal with the sale conveyance - this will have a domino effect to cause a significant delay.