I am need of leasehold conveyancing for a flat in a relatively new development (6 years old) in Waterbeach. The vast majority the properties are already occupied. Do I need carry out the conveyancing searches as part of conveyancing in Waterbeach?
Conveyancing Searches are a central link in the Waterbeach conveyancing process. There are a large number of search providers delivering Waterbeach conveyancing searches, as well direct from the local authority. These are usually referred to as personal search providers due to them carrying out, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their data from the local authoritative source.
Can you explain why leasehold purchase conveyancing in Waterbeach costs more?
Waterbeach leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I am assisting my step-mother sell her house in Waterbeach. Does the solicitor order the energy performance certificate or should I organise this?
After the demise of Home Information Packs, EPC’s remained a required component of selling a property. An energy assessment needs to be commissioned before the property is marketed. This is not as aspect of the sale process that solicitors ordinarily arrange. Where you are using a Waterbeach conveyancing lawyer they may be able to arrange EPC’s given their relationships with reputable local energy assessors
Forgive me if this question is silly but I am wet behind the ears as FTB of a two bedroom flat in Waterbeach. Do I pick up the keys to the premises on completion from my solicitor? If this is the case, I will instruct a High Street conveyancing solicitor in Waterbeach?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the completion advance to the vendor’s solicitors, and once they have received this, you should be able to collect the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
How can we know in advance if a Waterbeach conveyancing solicitor on the Virgin Money panel is any good?
When it comes to conveyancing in Waterbeach getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the solicitor conducting your conveyancing.
I purchased my house on 13 February and the transaction details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Waterbeach advises it would be registered inside ten days. Are titles in Waterbeach particularly slow to register?
As far as conveyancing in Waterbeach registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timescales can adjust according to the party submitting the application, whether there are errors and whether the Land registry communicate with any third persons or bodies. As of today approximately 80% of such applications are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Historically registration takes place once the purchaser is living at the premises so registration formalities is not typically primary concern but where it is urgent that the the registration takes place urgently then you or your lawyers can communicate with the Registry to express the reasoning for the application to be prioritised.
I would like to let out my leasehold apartment in Waterbeach. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
A small minority of properties in Waterbeach do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I purchased a basement flat in Waterbeach, conveyancing formalities finalised April 1996. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Waterbeach with a long lease are worth £222,000. The ground rent is £50 per annum. The lease runs out on 21st October 2095
With only 70 years left to run the likely cost is going to span between £9,500 and £11,000 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
I own a leasehold flat in Waterbeach. Conveyancing was completed in 2010. I have heard that I should not allow the lease length fall too short. Why is that a problem?
Waterbeach domestic long term leases are for a set term - normally 99 years when they commenced. However a significant appartments in Waterbeach were built or converted in the 60’s and so these leases now have less than 80 years left to run. That may sound like a long time but Banks, Building Societies and other mortgage companies on the whole require leases to have at least 75 years unexpired to be mortgageable. This means that when you come to sell the property you will need a lease extension if you are nearing eighty years. To enhance the saleability of your property you should be considering whether to extend your lease well in advance of selling the property. Furthermore significant benefits to taking action before the lease hits eighty years as when the lease is less than eighty years the amount you have to pay to extend starts to get a lot more expensive.