Is it realistic for conveyancing in Stoke Sub Hamdon to be concluded within two weeks?
Where you are under pressure for your conveyancing it is advisable to make sure that your lawyer is familiar with the location as they will make use of local relationships and insight. It is possible that they would have transacted otherhomes in the same road. You would be best advised to use a Stoke Sub Hamdon conveyancing solicitor. In addition, check that the lawyer is on the on the approved list for your mortgage company. It is estimated that 18% of Stoke Sub Hamdon conveyancing transactions are frustrated or jeopardised after discovering a buyer’s solicitor was not on their banks list of approved solicitors. This can often result in the home move being delayed by an average of three weeks. It is understood that this issue affects in the region of one hundred thousand home moves every year. Most Stoke Sub Hamdon conveyancing firms can not act for certain lenders so do check as early as possible.
About to place an offer on a leasehold property in Stoke Sub Hamdon. The property agents assure me that it is the norm for flats in Stoke Sub Hamdon to have less than 75 years left on the lease. I am taking out a mortgage with Chelsea Building Society. Will the property be mortgageable given that the lease has Seventy One years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 10/2/2026 the requirements read as follows :
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Stoke Sub Hamdon is where the house is located. Can you offer any opinion?
Flying freeholds in Stoke Sub Hamdon are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stoke Sub Hamdon you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stoke Sub Hamdon may decide 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 residence.
I have been pointed in your direction by a number of selling agents in Stoke Sub Hamdon to locate a property lawyer using your seach tool. Is there a financial upside for Estate Agents to market your site over another?
We refuse to give any financial incentive for sending work in our direction. We found it would be just too difficult to pay a commission because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
In my capacity as executor for the will of my uncle I am selling a house in Newport but I am based in Stoke Sub Hamdon. My conveyancer (approximately 200 kilometers awayhas requested that I execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing lawyer in Stoke Sub Hamdon who can witness and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are based in Stoke Sub Hamdon
I am employed by a long established estate agency in Stoke Sub Hamdon where we see a few leasehold sales derailed as a result of short leases. I have been given conflicting advice from local Stoke Sub Hamdon conveyancing solicitors. Please can you clarify whether the seller of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder 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 own a basement flat in Stoke Sub Hamdon, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Stoke Sub Hamdon with over 90 years remaining are worth £265,000. The ground rent is £50 invoiced every year. The lease terminates on 21st October 2102
With only 76 years remaining on your lease we estimate the price of your lease extension to span between £8,600 and £9,800 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.