Is there a reason why leasehold purchase conveyancing in Stroud is more expensive?
Stroud leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I have recentlyfound out that Wolstenholmes have closed. They carried out my conveyancing in Stroud for a purchase of a leasehold flat 9 months ago. How can I be sure that my home is in my name in the name of the former proprietor?
The quickest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stroud conveyancing specialists.
About to purchase a new build apartment in Stroud. Conveyancing is a frightening process 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 conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Stroud
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are surveyor prepared. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Due to the advice of my in-laws I had a survey completed on a property in Stroud in advance of retaining solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some lenders will not grant a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements from Nationwide. If you contact us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Stroud. Conveyancing may be slightly more expensive based on your lender's requirements.
How easy is it to swap firm as I have to find one who is on the Barclays conveyancing panel. I hired a family conveyancing solicitor in Stroud five minutes from me but the firm is not approved by Barclays
We will our best to assist in finding you a conveyancing solicitor in Stroud on the Barclays panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Stroud. In making use of search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Stroud.
Planning to complete next month on a ground floor flat in Stroud. Conveyancing solicitors inform me that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Stroud should include some of the following:
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An explanation concerning the obligations as set out in the lease to pay service charges - with regard to both the building, and the more general rights a leaseholder enjoys Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? How long the lease is. You should be advised as what happens when the lease expires, and aware of the importance of the 80 year mark Who has the liability to repair and maintain the main walls and foundations. It is essential that you know which party is responsible the repair and maintenance of every part of the building Does the lease prohibit wood flooring?
I bought a garden flat in Stroud, conveyancing formalities finalised February 2003. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Stroud with a long lease are worth £179,000. The ground rent is £65 levied per year. The lease ends on 21st October 2082
With just 57 years remaining on your lease we estimate the price of your lease extension to range between £26,600 and £30,800 plus legals.
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 due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.