I am in a contract race with another prospective purchaser for a property in Stoke Sub Hamdon. What can be done to speed up the buying process?
In a situation where the seller is applying pressure for your conveyancing it is highly recommended that your conveyancer is familiar with the area as they will benefit local relationships and insight. It is even conceivable that they could have handled previoushomes in the same street. You would be best advised to use a Stoke Sub Hamdon conveyancing solicitor. In addition, be sure that the conveyancing firm is on the member panel. It is claimed that 18% of Stoke Sub Hamdon conveyancing deals are frustrated or derailed after finding out that a buyer’s lawyer was not on their banks member panel. This can often result in the transaction being held up by as much as three weeks. It is claimed that this issue affects approximately one hundred thousand home sales annually. Almost all Stoke Sub Hamdon conveyancing firms can not represent certain lenders so do check as early as possible.
About to place an offer on a leasehold flat in Stoke Sub Hamdon. The property agents tell me that it is standard for flats in Stoke Sub Hamdon to have less than 75 years unexpired on the lease. I am getting a mortgage with Chelsea Building Society. Will the property be mortgageable given that the lease has 72 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining 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 :
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month 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 guidance?
Flying freeholds in Stoke Sub Hamdon are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Stoke Sub Hamdon you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stoke Sub Hamdon may ascertain 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 premises.
I was advised by a few estate agents in Stoke Sub Hamdon to select a solicitor using your seach tool. Is there a financial advantage for Estate Agents to market your site over and above alternative conveyancing organisations?
We refuse to offer any commission for directing people in our direction. We found it would be just too difficult to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
As co-executor for the will of my aunt I am selling a residence in Monmouth but reside in Stoke Sub Hamdon. My solicitor (approximately 250 miles awayrequires that I execute a stat dec ahead of the transaction finalising. Could you suggest a conveyancing practitioner in Stoke Sub Hamdon to witness this legal document for me?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are based in Stoke Sub Hamdon
I am a negotiator for a busy estate agency in Stoke Sub Hamdon where we have witnessed a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Stoke Sub Hamdon conveyancing firms. Could you shed some light as to whether the vendor of a flat can commence the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start 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 for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
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 bought a split level flat in Stoke Sub Hamdon, conveyancing having been completed in 2001. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Stoke Sub Hamdon with a long lease are worth £265,000. The ground rent is £50 per annum. The lease terminates on 21st October 2102
With just 76 years left to run the likely cost is going to be between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.